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Real Estate Corporate Finance

Real Estate Corporate Finance - EY - EY - United StatesFILE/ey-reas-corporate-finance.pdf · The BeNe Real Estate Corporate Finance team is a specialist team within EY Real Estate

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  • Real Estate Corporate Finance

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  • TheBeNeRealEstateCorporateFinanceteamisaspecialistteamwithinEYRealEstateAdvisoryServices(REAS)providingcorporatefinanceleadadvisoryservicesinrealestaterelatedissues.

    EYREASprovidesservicessuchasstrategicrealestateadvice,realestatevaluation&businessmodelingandcorporaterealestatemanagementadvice.EYREASispartofEYTransactionAdvisoryServices(TAS)department. TheRealEstateCorporateFinanceteamexistsofdedicatedrealestatefinanceprofessionalswhocombinewideexperienceintherealestateindustry,withapracticalapproachtoapplyingtheirknowledgeinrealestaterelatedtransactions.Thisisaresultofemployingadiversemixofindividualsincludingrealestateinvestmentbankers,surveyors,financialmodelers,investmentmanagersandfundmanagers.

    Wehaveextensiveexperienceinhelpingclientsaddressissuesrangingfromdebtrestructuringandre-leveragingthroughtojointventurestructuring,equityplacementandrealestateacquisitionsanddisposals.

    ServicesWhetheryourobjectivesaretoreleaseorraisecapital,acquireor/anddisposerealestate,orimplementcomplexfinancialsolutions,ourRealEstateCorporateFinanceteambringsexperienceto maximize financialandstrategicreturns,whichisapplicableonrealestatebusinesses,loans,portfoliosand/orindividualassets.TheRealEstateCorporateFinanceteamprovidesthefollowingservices.

    Real Estate Corporate Finance

    1. Buy-side AdviceWeactasleadadvisorfortheacquisitionofrealestatebusiness,loans,portfoliosandindividualassets.Wecanhelpyouassessthestrategicfitofabusinessbyprojectmanagingthesteps,assistinginnegotiationsanddevelopingfinancialmodels. DevelopmentofM&Astrategiesandadvice Transactionsupportontheacquisitionofrealestate

    businesses,loans,portfoliosandindividualassets Identifyingthepotentialsellersandtheappropriatemethod

    ofapproachtothemarket Comparabledataandmarketintelligence,coveringall

    propertysectors (Re)structuringtransactions Developmentofinvestment/portfoliostrategy Developarangeofcommercialacquisitionsolutionsto

    meetyourindividualrequirements

    2. Fund AdvisoryWeprovideabroadrangeoffundmanagementservicestoclientsonacustomizedbasisinordertomaximizereturns. Fundstructuring Portfoliostrategyadvice Structuringofalternativefinancestrategies,e.g.,debt

    funds

    3. Capital Advisory (Debt/Equity)Weofferadvicetoclientsonawiderangeofcapitalraisingtransactions.Weassistcompaniesraisingdebtandequitycapitalandadviceonstructuredcapitaltransactions. Arrangingequityforacquisitionorrefinancingofreal

    estatefunds,jointventuresandprojectfinancings Arrangingdebt(seniorbankdebtthroughtomezzanine)

    foracquisitionorrefinancingofrealestateinvestments,developmentsorentitiesowningrealestate

    Financingstrategyandoptionappraisals

    Acquisition Management Disposition

    1. Buy-side Advice

    3. Capital Advisory (Debt/Equity)

    5. Investment Management Advisory

    6. (Owner) Occupier Solutions

    7. Development Advisory

    9. Sell-side Advice

    10. Vendor Due Diligence8. Real Estate Restructuring

    4. Acquisition Due Diligence

    2. Fund Advisory

    Integrated Real Estate Solutions

  • 4. Acquisition Due DiligenceInvestigatingtheobjectofpurchaseaddsvalueandidentifiesriskstotheentireprocessofbuyingandintegrating. Realestaterelatedduediligenceinconjunctionwith

    technicalandfinancialduediligence Realestateduediligenceforsingleassets,portfolios,loans,

    realestatecompaniesandNPLrealestatecollaterals Identificationoffinancialandmarketrelatedrealestaterisks Realestatevaluations

    5. Investment Management AdvisoryWehelpclientsprepareforgrowth,manageriskandincreaseinvestmentreturnsfortheirshareholders. Hold/sellanalysis Identifyexitscenariosandworkoutstrategies ReviewInvestmentManagementstrategies Rentalanalysis,forecastsandinvestment&portfolioanalysis Selectionandappointmentofassetmanagers,agentsand

    otherprofessionals Reviewperformanceofrealestateassetmanagement

    organizations

    6. (Owner) Occupier Solutions Weprovidestrategicadvicetocorporatestomaximizevaluefromtheirrealestateportfolio. (Structured)Sale&Leasebacks Balancesheetoptimisation Optimizingpropertyportfolios/-management Operationalperformanceanalysis Capitalplanningandefficiency Outsourcingstrategies

    7. Development AdvisoryWeassistcompaniesindeliveringsuccessfulrealestatedevelopmentprojects.Strategicadvisoryfordevelopmentprojects. Feasibilityandsensitivitystudies

    8. Real Estate Restructuring Togetherwithourspecialistrestructuringteams,weprovideawiderangeofrealestaterestructuringadvice. Development/identificationofrestructuringoptions Adviceonthemostappropriateenforcementmethod Advisingonnon-appointmentrestructuringoptions Optimizingcapitalstructureandimprovingworkingcapital Identifyportfoliorisks(includinglegal,debtandtaxissues)

    9. Sell-side AdviceWeactasleadadvisorofthedispositionofrealestatebusiness,loans,portfoliosandindividualassets. Transactionsupportonthedispositionofrealestate

    businesses,loans,portfoliosandindividualassets Identifyingthepotentialbuyerspoolandmethodof

    approachtothemarket Arranginginvestment/salesdocumentsandmemorandums,

    includingmodelling Developarangeofcommercialdispositionsolutionsto

    meetyourindividualrequirements

    10. Vendor Due DiligenceWhensellingarealestatebusiness,loan,portfolioor/andindividualassetvendorduediligencehasmultiplefunctionstospeeduptheprocessandmakeanearlyinsightintotherisks. Fullvendorduediligenceservices(see4.DueDiligence) Settingupthedataroomcontainingallrelevantdue

    diligencedocuments

    Acquisition Management Disposition

    1. Buy-side Advice

    3. Capital Advisory (Debt/Equity)

    5. Investment Management Advisory

    6. (Owner) Occupier Solutions

    7. Development Advisory

    9. Sell-side Advice

    10. Vendor Due Diligence8. Real Estate Restructuring

    4. Acquisition Due Diligence

    2. Fund Advisory

    Integrated Real Estate Solutions

  • Tristan DhondtPartner Real Estate Advisory Services Office: +3227746017 Mobile: +32497480486 [email protected]

    Stefan van den BrinkSr Manager Real Estate Advisory Services Office: +31884072405 Mobile: +31629083148 [email protected]

    Jeroen MuisSr Consultant Real Estate Advisory Services Office: +31884072403 Mobile: +31621252363 [email protected]

    Inthecurrentmarketwheretransactionsaredifficulttofind,ourclientsrelyonourblendofsectorexpertiseandmarketexperiencetoassisttheminallstagesofthetransactionprocess.Byworkingasanintegratedteamandbeingabletodrawonprofessionalsfromtax,audit,assurance,legalandnotaryservices,advisoryfunctionsandotherdedicatedrealestateconsultantsacrosstheglobe,weensurethatinnovativesolutionsareimplementedtogeneraterealvalueforourclients.

    Advisory RiskProperlyapproached,theprocessofriskmanagementcanaddvalue.Inworkingthroughscenariosandimpactanalysis,realestate,hospitalityandconstructioncompanies,aswellasrealestatefunds,mayfindopportunitiestotightenprocessesandcontrolsthatmakethemmoreagileandabletooperatemoreeffectivelyinanymarketconditions.Theseinclude: Strategicrisk Financialrisk Operationalrisk

    Compliancerisk Transactionalrisk Technologyandsecurityrisk

    Advisory Performance ImprovementOurapproachprovidesindependent,objectiveandhigh-valuebusinessadvicetotheworldsmostsuccessfulrealestateinvestors,developers,owners,lendersandusers.Ouradvisorsbringawealthofexperience,knowledgeandbusinesscapabilitytohelpyouachievemeasureableandsustainableperformanceimprovementintodayscompetitiveenvironment.Theseinclude: Commercialdesignandstrategic

    planning Establishinginvestment

    governance

    Businessprocessandoperationalperformanceimprovements

    Repositioninganalysis Feasibilitystudies Programadvisory

    Contacts

    EY|Assurance|Tax|Transactions|Advisory

    About EYEYisagloballeaderinassurance,tax,transactionandadvisoryservices.Theinsightsandqualityserviceswedeliverhelpbuildtrustandconfidenceinthecapitalmarketsandineconomiestheworldover.Wedevelopoutstandingleaderswhoteamtodeliveronourpromisestoallofourstakeholders.Insodoing,weplayacriticalroleinbuildingabetterworkingworldforourpeople,forourclientsandforourcommunities.

    EYreferstotheglobalorganizationandmayrefertooneormoreofthememberfirmsofErnst&YoungGlobalLimited,eachofwhichisaseparateLegalentity.Ernst&YoungGlobalLimited,aUKcompanylimitedbyguarantee,doesnotprovideservicestoclients.Formoreinformationaboutourorganization,pleasevisitey.com.

    2014Ernst&YoungAccountantsLLP.AllRightsReserved.

    ey.com/nl

    Integrated Real Estate SolutionsTaxRealestatetaxissuesareoftenextremelyintricate.Understandingthenumerouscomplexareasoftaxationimportanttothoseintherealestateindustryrequiresablendofindustryspecificskillsandtechnicalknowledge.Ournetworkhelpsustoassistyouinmanagingthedetailsofcross-bordertaxplanningandadministrationtooperateinacommerciallyviableandpracticalway.Theseinclude: Structuring Compliance Planning

    Transactionalduediligence Structural,operationalandrisk

    reviews

    Legal (HVG)OurstrategicalliancewithHollandVanGijzenenablesustocloselycooperatewithHVGifthisisbeneficialtoourclients.Thismeansthat,wheredesired,wecanofferlegalservicesaspartofamulti-disciplinaryteam,whileclientskeeponedesignatedpointofcontact. Titlesearchandduediligencereport Structuringanddocumentingthetransaction Transferoftheproperty

    Audit and AssuranceOurrobustapproachtoauditandassuranceiscombinedwithdeepsectorknowledgetoprovideapowerfulmixandistailoredtoyourbusinesstofacilitateacostefficientandpragmaticprocess.Wepromotethesharingofknowledge,frominternalandexternalsources,throughouttheteam,sothateverymemberisawareofyourkeybusinessissues.Theseinclude: High-qualityauditandassurance Accountingservices Financialstatementreviews Corporatecompliance

    Internalcontrols IFRScomplianceandadvisory Compliancewithkeydirectives

    andregulatoryframeworks

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