General Overview
Snowden Companies offer a variety of services relating to commercial real estate properties. Our expertise is in creating value in real estate through our extensive Brokerage, Property Management and Development experience.
Acquisition / Disposition
Snowden Companies assists clients in identifying, analyzing and acquiring commercial buildings. We also purchase for our own account. We have an impressive track record of acquiring under-performing assets and then repositioning them competitively for lease or sale. By identifying a property's needs and implementing a clearly defined rehabilitation plan, we continually increase property values. When selling a property, we position the property to sell for the highest marketable price. By monitoring sales comparables, tracking lease trends, and predicting buyer profiles early on, we maximize the value of each asset for our clients.
Leasing
Leasing to full occupancy and retaining long-term tenants is crucial to achieve and maintain long-term value of a real estate asset. Our firm prepares comprehensive marketing plans tailored specifically to each property. We find the most qualified tenants quickly and effectively through the use of our proprietary databank, broker relationships, and systematic advertising campaigns.
TENANT REPRESENTATION
Snowden Companies has represented tenants ranging in size from 500 square feet to 125,000 square feet. As your unbiased representative, we represent all properties in a neutral and objective manner. We implement a proven system to save valuable time and money. The service is free
Management
Our management division was formed in 1993 to oversee properties for Lincoln National Life Insurance Company. We focus significantly on our responsibility as a property management company. Snowden Management has won several municipal and industry awards. We have a proven track record offering the following:
- Comprehensive accounting & financial reporting
- Customized tenant retention program
- Cost-effective physical plant maintenance programs
- Established vendor standards
- Interior construction management
Development
We identify opportunities by first assessing particular market needs and demands. Next, we conduct a formal analysis to determine physical and financial feasibility of the concept. Finally, we assemble a team of specialists and lead them through the development process to its successful conclusion. Our overriding objective is to create a property that provides a positive contribution to the surrounding community, while minimizing risk and maximizing financial return for the investors. This is all accomplished by implementing a proven development system.
Joint Venture / Partnerships
For landowners who wish to be part of a larger development but who do not have the expertise, we offer joint venture arrangements. For passive or active investors we offer equity positions in pre-existing investment grade properties.
Consulting Services
Snowden Companies can provide consulting expertise for the private or public sector.
Some value oriented services include:
- Property redevelopment and repositioning
- Brownfield, MBT, TIF recapture negotiations
- Real estate valuations
- Construction consulting and management for infrastructure or building improvements
- Financing consultation
- Strategic Planning
Receivership Services
Snowden Companies provides asset management and liquidation consulting, specializing in receivership management. The in-depth, practical, professional experience of Snowden Companies includes mortgage and statutory receivership, management, bankruptcy proceedings, loans, workouts, financial analysis, construction and development management, problem real estate marketing, and tailored reporting.
Through seasoned experience and complementary talents, Snowden Companies offers cost effective, responsible, independent management of receiverships, trustee estates, problem assets and portfolios. Snowden Companies also provides portfolio management and real estate problem consultation.
Snowden Companies is headquartered in Traverse City, Michigan, with a Southfield, Michigan office that allows the company to easily access wide geographic areas in the state of Michigan.
Receivership Management
Snowden Companies primary receivership objective is to secure the physical asset, accounts, and records to protect the integrity of the asset and income stream. The secondary objective is to establish management and procedures that protect and preserve the asset. The following outlines the services members of Snowden Companies will provide:
- Third party independant control as a fiduciary of the court.
- Possession and preservation of the asset.
- Supervision and direction of daily "on-going" activities of the property.
- Full review of all contractual services.
- Bidding and awarding of service contracts and in dependant outside services.
- Full accounting of all income and expenses.
- Authorization, control and payment of payables, with restructure of payable stream if necessary.
- Understanding of institutional requirements, policies and goals.
- Specific recommendations for extraordinary maintenance requirements.
- Proactive management to establish the confidence of tenants and others.
- Reports tailored to the needs of the court and secured creditors.
- Full cooperation after the receivership period to continue stabilization of any tenant base and property operations.