A family office client had a multi-state real estate portfolio overseen by second-generation family members. The portfolio, consisting of 14 properties, was cash flow negative after debt service and fees.
Plante Moran Realpoint Investment Advisors (PMRIA), formerly Plante Moran REIA, developed a strategy to reposition the portfolio for growth and align it with the family's wealth preservation strategy and risk tolerance level.
PMRIA assisted in identifying and extending key leases, developed accurate valuations and reporting for decision-making, and assisted with divestiture of high risk, non-strategic assets.
As a result, the portfolio is expected to achieve positive cash flow and new investments are being made that better align with the client's investment strategy.