RPL provided due diligence and development oversight services on behalf of an institutional equity partner.
- New partners and deal structure involved for client, leading to RPL’s influence of various elements to get both parties comfortable with the approach.
- Site hit hard with weather during early sitework operations, setting back schedule.
- Site includes a tract of land that can be sold in the future for additional development.
- Delivered 2 months behind initial plan due to weather delays.
- Delivered on budget.