Recap designs and executes transactions to maximize property and portfolio value and our clients’ mission objectives. Since our founding, we have completed over $2.7 billion of transactions on more than 750 properties from coast to coast, including affordable, mixed-rate and market-rate properties. We focus on every detail of each transaction to ensure a successful outcome.

Refinancing & Restructuring

Recap helps clients capitalize on financing and restructuring opportunities created by the ever-changing economic environment and helps create the opportunity for significant capital improvements and reinvestment. We have successfully structured transactions for hundreds of properties across the nation over the last two decades.

• Initial assessment of physical, financial, and operational issues
• Project feasibility analysis, including timing and sequencing issues
• Development of a transaction plan
• Preparation of funding applications, as appropriate
• Due diligence coordination and management
• Identification, analysis, and thorough comparison of potential debt sources
• Assistance with development of recapitalization scope of work, as appropriate
• Negotiation of loan terms and financing commitment
• Preparation of proposal to key stakeholders for approval
• Transaction closing

Acquisition

Recap provides skilled acquisition management for properties with challenging capital structures, high public visibility, and/or significant regulatory restrictions. When the situation requires more than an off-the-shelf execution, owners and investors turn to Recap

• Preliminary evaluation of candidate properties
• Analysis of pricing
• Letter of Intent and Purchase Agreement negotiation
• Negotiation of debt and equity terms
• Due diligence coordination and management
• Identification, analysis, and thorough comparison of potential debt sources
• Subsidy contract negotiation as appropriate
• Preparation of funding applications, as appropriate
• Transaction closing under direction of client counsel
• Post-closing support

Disposition

Recap assists clients in the sale of individual assets or portfolios while maximizing value and/or mission objectives for the seller. We specialize in complex assets encumbered by significant regulatory restrictions or operating in high-visibility environments.

• Portfolio evaluation, including option and pricing analysis
• Development of disposition plan
• Solicitation process design and customized offer structuring
• Marketing, including online Virtual Document Room
• Evaluation and negotiation of purchase offers
• Assistance to general partners in fulfilling fiduciary duties of disclosure and fairness
• Transaction closing