Meridian Realty Consultants

Description

Minimum Rent Percentage Rent Real Estate Taxes Common Area Maintenance or Operating Expenses Insurance Marketing/Media/Promotion Charges Utilities Charges Termination Rights Cotenancy Requirements Operating Covenants Etc. - The requirements summarized can vary greatly by project/client, including the level of detail for each condition. -Recognize and abstract covenants that are critical to a property's financial condition or operation even when not specifically required to abstract the specific issue. -Calculate each of the financial covenants abstracted. While many conditions are straightforward, our consultants are expected to identify, understand and have the ability to calculate the most complex issues, such as: How an anchor's recapture can affect an inline tenant's CAM The effect of a CPI increase or rent abatement on a natural breakpoint How a cumulative vs. non-cumulative cap can significantly affect future cash flows How a property's definition can greatly affect tax and CAM rates The list of complex issues is endless, often with calculations that may be unique to a specific property or tenant. While the calculation may not have been performed by a consultant previously, our consultants are expected to have the ability to identify these one-off scenarios -Once calculated, compare the correct calculations and specifically identify why a client's calculations need revision. -Clearly and concisely describe any revision for the benefit of the client so that the client can issue a revised invoice to its tenant. - Work within various property management software. -Identify potential improvements in our clients' processes, procedures and systems. -Identify potential improvements in Meridian's own processes, procedures and systems. -Interact effectively with our clients at all levels within their organization. Every consultant is expected to have the skill set reflected above. However, some consultants have the following additional responsibilities: Prepare cash flow analyses and/or identify why revisions may be needed to a seller's cash flow

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