Investment, Development & Real Estate Advisory

Investment analysis

Evaluate an acquisition or proposed investment against an explicit question: what must be true for the base case to work, what evidence supports it, and which changes would alter the conclusion? Scope may include review of market assumptions, cash-flow scenarios, debt coverage and exit sensitivity. Distinguish project-level from investor-level returns, and identify fees, leverage and timing.

Development advisory

Compare the economics of alternative development programs, phasing and operating assumptions. Identify the effect of a change in delivery timing, cost or absorption before treating it as a revised base case. Coordinate analytical questions with the client's engineering, planning, legal and operating advisers; we do not substitute a financial scenario for their professional opinions.

Financial modeling

Build or review a linked model with identifiable assumptions and scenario controls. Agree on cash-flow timing, capital requirements, debt service, operating metrics and the interpretation of outputs. Explain differences between forecast, actual and current-adjusted results. Returns analysis must identify its cash flows and dates rather than presenting an unexplained percentage.

Alternative-use and highest-and-best-use questions

Compare feasible development or operating alternatives using market support, execution constraints and modeled economics. Where the assignment requires an opinion of value or a formal highest-and-best-use conclusion within an appraisal, scope that work separately with the qualified valuation team. Market research is not represented as an appraisal.

Portfolio analysis

Compare asset-level assumptions, concentrations and scenarios within a defined portfolio. One-time portfolio analysis answers a specific allocation or review question; ongoing portfolio monitoring creates a period-by-period record of actual performance. Establish consistent definitions and disclose assets with incomplete evidence.

Strategic advisory

Structure a decision involving location, expansion, a new operating format or a change in capital deployment. State the alternatives and decision criteria first, then test them against market research and financial scenarios. Recommendations are scoped analytical findings; execution authority and investment decisions remain with the client.

Custom advisory: scope before promises

Begin with the decision, intended readers, available records and required deliverables. Agree on a fixed-fee scope and timetable before proceeding. Related assignments may involve site selection, custom research or M&A due diligence; each retains its own limits.

We do not offer legal or tax advice, securities recommendations, brokerage, discretionary investment management or guarantees of financing or returns. Governing agreements and the signed engagement define the service.