Inherent Value

In all my projects, I seek to unlock trapped inherent value.

In improved property, value is enhanced through improvements that flow to the bottom line and can be multiplied by the property’s cap rate upon sale.

An incremental improvement to cash flow produces an exponential jump in asset value. Such improvements include rent increases, interior and exterior upgrades, capital improvements, utility reimbursements, and better cash controls.

Other values are often overlooked by large operators locked in a single minded modes of operation, as we found in the Meadow Wood property in Medford. The marginal operation of a rental property in a hot for-sale market called out for condo conversion, and we unlocked great unrealized value.

In land, especially rural land, inherent value is often trapped in layers that include agricultural, recreational, mining, timber, development, and hydrological.  A large parcel focusing on just one of these value layers is not operating to its highes and best use.

But successful and profitable development does not solely mean division into lots and building of structures. It can also mean conservation easements, agricultural enhancements, water development, sustainable timber management, low impact grazing, and recreational uses.  I believe that a successful development process is first a collaborative exploration of all value layers inherent in the subject property, with as many stakeholders from the community as can be involved. Only then is a marketable plan for unlocking or enhancing those values produced. The reward comes in executing that transformation built through the efforts of many participants, and is generally less controversial in entitlement, acceptance, and integration in communities.