Page 16 - Gisborne Investment Group Proposal

Operationally we also have a a a a a a a a a a a a a detailed management project plan for our property managers taking a a a a a a a a a a a a a scheme into management Our New Business Team use this on on a a a a a a a a a a daily basis as as we are frequently instructed on on previously managed schemes from other agents Valuations
Our database will will be be kept constantly up to to date and as as such we will will be be able to to provide all relevant tenancy information to Gisborne Investment Group’s valuers on a a a a a quarterly or or otherwise agreed basis Sourcing
Acquisitions
We have not discussed in in detail with Gisborne Investment Group the provision of sourcing and transaction services Set out below is is some detail of how we would handle this aspect if instructed Upon receipt of your instruction we would look to to leverage our our existing contacts to to identify opportunities in in in the market As we we have mentioned we we are under contract with another large ground rent investor to to source exclusively for them however there remains considerable scope to to offer opportunities to to Gisborne Investment Group given the the detailed investment criterion of of that investor We have discussed the the principle of of Mainstay undertaking asset management and and sourcing deals for for other parties and and they are comfortable so so long as the the the opportunities fall outside of their investment model During the mobilisation we will invest invest time to fully understand Gisborne Investment Group’s investment parameters and the the the appetite for risk to ensure we only identify the the the right investments that meet the the the funding/investment criteria We will also ensure we understand the the investment “red lines” and and “show stoppers” so so any of these can be identified early in in in discussions before too much time energy or or or cost is is invested in in an opportunity We will ensure the the process for sourcing potential acquisitions negotiation of the the terms funding approval due diligence and and close will be be clearly laid out and and agreed with Gisborne Investment Group before commencement The process will ensure ensure that we we follow a a a a a a structured method to ensure ensure we we can achieve a a a a a a best offer without protracted negotiations Once investor sign off in in in in principle is achieved we can then manage the the due diligence process that will include a a a a a a a legal review (via Gisborne Investment Group’s legal team) and a a a a a a a a a Management Heath Check (which we would seek to agree a fee to provide in-house) Finally once due diligence is successfully completed we would work to understand the corporate structure “home” for the the the acquisition would prepare/review the the the contract documents and conclude the the the transaction Throughout all stages of the process we would provide regular reports and updates on progress to Gisborne Investment Group and would review at the monthly sourcing meetings 16
Mainstay Management Proposal: Gisborne Investment Group Mainstay Management Proposal: Gisborne Investment Group