Journal
Lessons from land, materials, construction, and the closing table, written the way they were learned.
September 14, 2008 · Underwriting
Auditing canopy structure, dispenser equipment life, C-store merchandise velocity, and inline strip-center leases for a Texaco retail plaza in Houston.
September 10, 2008 · Underwriting
Walking the roof, auditing rooftop package chillers, electrical switchboards, and life safety systems for an operating Ramada hotel along the North Houston highway corridor.
August 28, 2008 · Underwriting
Executing pre-auction physical plant due diligence, county tax parcel verification, and Quality Inn PIP underwriting for a multi-building freeway hotel in Greater DFW.
August 20, 2008 · Underwriting
Auditing physical plant systems, building envelopes, and franchise conversion feasibility for a Super 8 hotel along the Northwest Houston highway corridor.
August 20, 2008 · Underwriting
Underwriting a 56-key La Quinta Inn & Suites along a North Texas freight corridor by auditing commercial room demand, housekeeping cost per key, and cap rate sensitivity.
August 15, 2008 · Underwriting
Cross-checking state Comptroller hotel tax filings against internal P&L ledgers and pricing a targeted repositioning PIP for a Ramada along the North Houston transit corridor.
August 14, 2008 · Underwriting
Underwriting the Chapter 11 bankruptcy acquisition of the 1.2 million square foot Sharpstown Mall, auditing tenant CAM pools, and unbundling reciprocal easement agreements.
August 12, 2008 · Underwriting
Valuing an urban core Super 8 property by underwriting in-place economy lodging cash flow alongside long-term high-density land redevelopment optionality.
July 31, 2008 · Underwriting
Managing acquisition due diligence, settlement statement prorations, and Wyndham PIP transition planning for an operating Days Inn in Central Texas.
July 23, 2008 · Underwriting
Underwriting physical plant conditions, central domestic boilers, and property tax valuation forensics for the 180-unit Whispering Oaks Apartments community in Southwest Houston.
July 17, 2008 · Underwriting
Underwriting industrial corridor commercial lodging feasibility, 108-room prototype spatial design, civil detention pond engineering, and heavy transit circulation for a Motel 6 development in the East Houston industrial corridor.
July 16, 2008 · Underwriting
Auditing multi-tenant commercial retail leases, restaurant grease trap MEP systems, and parking infrastructure for Plaza Del Rey Shopping Center in the Southwest Houston corridor.
June 20, 2008 · Underwriting
Buying an operating fuel station and C-store means underwriting two separate businesses under one roof: underground tank compliance and jobber rack spreads outside, paired with high-margin cooler and merchandise velocity inside.
June 19, 2008 · Underwriting
Broker offering memorandums project aggressive occupancy growth and minimal capex. Building a real five-year hotel pro forma means auditing STAR competitive penetration and pricing the actual PIP line by line.
June 17, 2008 · Underwriting
Auditing post-opening P&L stabilization, housekeeping labor ratios, and franchise fee structures for a 71-key La Quinta Inn & Suites along a Northeast Texas highway corridor.
June 12, 2008 · Underwriting
Auditing high-bay clear heights, structural slab floor load capacities, and commercial loading dock logistics for a hospitality furniture distribution facility in the Southwest Houston corridor.
June 12, 2008 · Underwriting
Structuring and underwriting a single-tenant absolute NNN sale-leaseback for a high-volume Valero fueling facility along the Texas Gulf Coast.
May 25, 2008 · Underwriting
Underwriting ground-up feasibility, heavy concrete diesel lane engineering, and workforce C-store layout for a Valero travel plaza in the Southeast Houston industrial corridor.
May 23, 2008 · Underwriting
Structuring an eight-lot commercial convenience store and fuel station acquisition in Kleberg County, Texas with interim contract-for-deed financing, environmental remediation indemnities, and a 15-year fuel supply buyout option.
May 22, 2008 · Underwriting
Underwriting a high-turnover Motel 6 in a Houston airport transit corridor by auditing county property tax assessments, exterior corridor structure, and 24-hour operating costs.
May 18, 2008 · Underwriting
Auditing the multi-million-dollar capital improvement budget, central mechanical plant, and convention ballroom modernization for a full-service Sheraton in Greater DFW.
May 15, 2008 · Underwriting
Underwriting the Magness Oil petroleum jobber and 20-plus convenience store portfolio in the Mid-South across multi-year fuel gallon trends, inside merchandise margins, and a 27-unit tanker transport fleet.
May 15, 2008 · Underwriting
Conducting civil engineering due diligence, geotechnical expansive clay analysis, and MUD utility capacity underwriting for a 9.45-acre townhome tract in the Southwest Houston corridor.
May 12, 2008 · Underwriting
Underwriting the acquisition, architectural space planning, and HVAC mechanical zoning for Regency Square, a multi-tenant suburban corporate office building.