Partnering With Passive Investors
We acquire income producing properties for individuals to invest in. These are passive investors seeking portfolio diversification in real estate. We do this for ourselves as much as we do it for the investors:
- For consistent cash returns
- For appreciation
- For some tax shelter
- For equity build-up through debt retirement
We do this, because we are good at it. As discriminating buyers we look at a property a week, bid on 8–10 a year and buy 1-2 a year, on average. We are also excellent operators after the purchase. Years of hands-on experience has provided valuable education on what to do and how to do it.
People invest with us for three reasons:
- Our integrity and experience
- It’s a good, solid deal
- Our money is invested right along side of theirs
We believe in what we are doing. We personally invest 10–20% of the cash equity. We stand for quality properties that can consistently produce over a long period of time. Our outlooks are generally long term.
Towle Properties, Inc. has been putting together real estate partnerships for over 25 years. Critical elements to the success of these investments have been excellent locations, quality real estate, great financing, did not overpay, and hands on management. We maximize value.
We report to our partners quarterly. The financial statements are accompanied by a report of the past quarter’s activity and future plans. This promotes investor confidence and pride in their investment. Real estate investing is fun because it is tangible and viewable.
Our compensation is in the form of a monthly asset management fee, a share of distributions, and a disproportionate split of profits upon a sale, after the investors receive their investment back. The compensation is structured so that everyone’s interests are aligned.
Partnering With Active Investors
We partner with individual and institutional investors who want a local operating partner, who has a financial stake in the investment. Compensation includes a monthly asset management fee, and incentives based on value creation and cash distributions over targeted returns.
Asset Management Services
We provide asset management services to third party property owners who do not want to manage their investment real estate. Towle Properties, Inc. can be an advisor in every step of the investment cycle–starting with property acquisition, due diligence, financing, ongoing asset management, project management, and property disposition. Compensation is through a fixed or percentage monthly fee and may include a value creation incentive.
Over time our clients either got tired of overseeing their real estate, did not have adequate time to devote to it, or realized they were not in the game. The real estate markets are constantly evolving and keeping up with or staying ahead of the trends makes the difference between an average or sub-performing asset and one that is generating strong cash flows and appreciating. We are in the game and lead the market in improving the quality and quantity of our clients’ income streams. Frankly, we give good unbiased advice on investment real estate.
Expertise at Every Step
Our team approach and seasoned professionals benefit clients throughout the entire investment process. Our expertise spans:
- Acquisition
- Leasing
- Due Diligence
- Construction and Renovation
- Appraisal
- Consulting
- Development
- Property Tax Appeal
- Project Management
- Condemnation Advisory
- Finance
- Disposition
- Asset Management
We utilize the management, leasing and market research services of Colliers Turley Martin Tucker, of which we are principals. Colliers professionals have the experience, and “get it done right” approach we prefer. In addition, they bring appraisal, construction, engineering and technology resources to a property’s situation.
Depending on the property, we use CEL and Associates to independently survey our tenants on their satisfaction of property, the management company and the leasing agents.
Property Disposition Consultation
Property disposition consultation is for property owners who decide to sell without having positioned their property for sale. We provide consulting services to help our clients maximize the sale price of their property. Our hourly fees are more than paid for by the value-adding recommendations made. We also provide condemnation strategy consulting and expert witness services.
A Variety of Financial Resources
To help clients structure financial packages for their investments, we work closely with a variety of capital sources–from institutional investors to government agencies, to commercial banks. Through our mortgage banking relationships, we can provide options for the most competitively priced debt and equity capital to finance construction, acquisition, sale or refinancing of commercial real estate.
For our own projects we have utilized a variety of financings from tax-exempt and taxable loan floater bonds, fixedfloating swaps, traditional construction loans, life company and conduit debt and participating loans.
