Development Advisory Services

Public agencies and institutional organizations often find themselves in a real estate development or economic development role. Achieving success in these situations requires a unique set of skills. TRA's seasoned development professionals can provide guidance and expertise in the following areas:

Pre-development analysis and testing

TRA can provide the market research and financial feasibility analysis that is critical to making an informed decision on whether and how to proceed with a development project.

Repositioning property for development

Some assets need to be looked at differently. Developing an intelligent repositioning strategy is an effective means of maximizing the future returns of an asset. The principals and senior staff of TRA are development professionals who are expert in realizing the highest value of a property.

Design and use guidelines

Public solicitation for development projects often needs to include general guidance on how the project will look and what uses will be permitted (or excluded) on the site. As professionals who are familiar with operating in the public environment, TRA understands that development in the public realm needs to be sensitive to the community in which it takes place.

Stakeholder analysis

Public property is owned by the citizens. As such, TRA is sensitive to those who are most impacted by development in their locale and is expert in building consensus among stakeholders.

Solicitation management

TRA understands the public procurement process and is capable of ensuring an open and transparent process that will help realize project objectives. TRA is skilled at drafting and marketing solicitation documents and objectively analyzing responses so that an informed decision can be made.

Owner's representation

TRA can help you get more out of your real estate assets by identifying compatible uses for operating facilities, surplus properties, and joint development opportunities. Unlike simple brokerage, TRA acts as an owner's representative by performing the following functions:

• Analyzing the asset
• Performing due diligence
• Determining potential bidders
• Crafting the request for proposals
• Managing the public bidding process
• Negotiating documents
• Closing the transaction