Bard Consulting specializes in providing unconflicted real estate consulting services to institutional investors regarding strategic issues and complex problems. Our assignments often require analysis from a variety of perspectives – economic, strategic, organizational, quantitative, and legal, among others. Our services are tailored to the specific needs of each assignment, whether for an individual investment or an entire portfolio. We have the resources and experience to provide advice on all aspects of real estate investing and ownership, principally in the following areas:
Investment Manager Due Diligence and Deal Structuring
Bard Consulting has a strong track record analyzing the qualifications of managers to determine if they can successfully implement and execute their proposed strategies. Additionally, we assist our clients in structuring, negotiating, and documenting the necessary and appropriate deal terms.
Performance Measurement, Fee Calculations, and Other Quantitative Issues
Bard Consulting is particularly focused on the analysis of incentive fees and asset management fees. We have both created and reviewed numerous financial models for performance measurement. We have also created or reviewed a significant number of performance-based incentive fee structures in transaction documents. Bard Consulting has developed sophisticated financial models to help clients evaluate and/or negotiate investment manager promote structures, asset management fees, acquisition fees, and other ancillary charges.
Portfolio and Asset Due Diligence
With a strong background in real estate analysis, Bard Consulting is well positioned to analyze specific real estate investment opportunities on behalf of both buyers and sellers. We have assisted clients in underwriting investment theses, specified portfolios, and individual assets and in developing asset acquisition, disposition, and financial restructuring strategies that are based upon anticipated market conditions and each client's financial objectives. We advise our clients across a wide array of property types and the entire risk spectrum from stabilized assets to speculative development.
Portfolio Management Assistance
Bard Consulting assists institutional owners in managing diverse real estate investments. Services include overseeing manager relationships, abstracting investment documentation, routine portfolio reporting, restructuring relationships, and other related matters.
Investment Manager Operations Reviews
Bard Consulting has performed numerous in-depth reviews of manager operations on behalf of
institutional investors. The goals of these reviews are: a) to identify and mitigate operational risk, b) to identify opportunities to increase operational efficiency, and c) to ensure smooth communication between manager and investor at the administrative level.
Fiduciary Opinion of Related-Party Transactions
Bard Consulting works with institutional investors to facilitate transactions where there may be real or perceived conflicts. Our services include independent opinions on proposed values, transactions, and/or structures.
Corporate Real Estate
Bard Consulting works with corporate users and owners of real estate. These services include financial analysis of various hold-sell options or rent-buy options, lease negotiations, identification of potential expansion sites, and review of third-party valuations.