KELLOGG PROPERTIES :: REAL ESTATE DEVELOPMENT & PROPERTY MANAGEMENT

	Kellogg Properties - Real Estate Professionals Kellogg Properties Incorporated is a fully integrated Commercial Real Estate Company with a focus on the aquisition, development, leasing and management of commercial properties

Acqusitions & Investments


The following information is designed to provide the real estate professional an overview of how Kellogg Properties, Inc. conducts it's business in these various areas.

Acquisitions, Dispositions and Financing
1. Prior to any property acquisition an understanding of the market must be attained:
Demographics Existing conditions (e.g., current rents, demand for space, level of building) Trends in the marketplace (e.g., under- or over-building, rising or falling rents, increasing or decreasing concessions) Competitive environment
2. To evaluate a potential acquisition significant due diligence must be performed, thorough underwriting completed and a long term detailed financial plan prepared:
Develop realistic key assumptions based on market conditions (e.g., rental rates, tenant turnover rates, tenant improvement allowances, capital expenditures) Review all current leasesEvaluate current operating expenses Review environmental status Evaluate physical condition Interview current tenants
3. For acquisitions, dispositions and financings it is necessary to keep abreast of financial markets, e.g.;
Current capitalization rates Lender's current terms
4. Maintain consistent contact with current lenders; respond to their inquiries on a timely basis