As an investor in multifamily properties, do you want to:
- Perform comprehensive due diligence?
-
Avoid unexpected expenses after the sale is
complete? -
Fully understand terms of existing contracts with
telecommunication service providers?
If you’re like many of our investor clients, the answer is a
resounding “yes.” InfiniSys can help.
Whether you’re an institutional investor, a real estate company
or a broker, the goal is the same: to find solid investment
opportunities that will yield a high ROI. In today’s multifamily
industry, technology can significantly impact a building’s value;
however, it’s often overlooked by investors during due diligence
… which can lead to unexpected costs.
Having conducted technology assessments on hundreds of
multifamily buildings, InfiniSys has gained valuable first-hand
experience and insight. We know how technology-related issues –
such as infrastructure and contracts – can impact a potential
investment.
We’re familiar with your concerns, and we can help. For example:
“I want to make sure we’re making a wise investment.”
Buyers beware: An uninformed decision can lead to a bad
investment. In the “digital” age – where residents expect
high-speed Internet and high-definition TV – technology
infrastructure is integral to an investment’s success. At
InfiniSys, our team of experts is trained to assess the
condition of the technology infrastructure. Understanding the
“big picture” is the only way to protect your investment.
“Contracts are already in place governing the telecommunication
services.”
InfiniSys will work with your legal team to review existing
service provider contracts to determine if they need to be
renegotiated or improved. Keep in mind that many provisions
specified in older contracts are now considered unenforceable.
Before contacting service providers directly, work with
InfiniSys to identify “gray areas” and potential issues.
“Our inspector told us the infrastructure looks fine. Isn’t that
enough?”
A building’s technology infrastructure is rarely – if ever –
inspected as part of the standard due diligence process. Only
specially trained experts know what to look for when it comes
to the electrical and communications wiring that make up the
backbone for technology. You need to take into account the
expense to properly wire your multifamily development. If the
building requires significant upgrades to provide high-speed
Internet, HDTV, in-home networking or other technology
amenities, is the asking price still a worthwhile investment?
That’s why we recommend a comprehensive assessment, which
includes:
- Contract reviews – What contracts are in place? Do the
existing contracts limit your ability to provide quality services
to residents? What options are there for contract renegotiation
or cancellation? - Site evaluation – While many older buildings have outdated
cable that needs to be properly examined, newer buildings also
require close scrutiny – starting outside, where telephone and
cable services enter the site. InfiniSys also assesses data
distribution points and in-unit functionality. - Security review – Safe communities are valuable commodities.
What precautions have been taken – and what systems need to be
updated – to protect the building and your residents? - Scope of work – InfiniSys provides investors with scopes of
work to design and install the necessary infrastructure, cabling
and electronics.
The question is: What do you do? The answer: Include InfiniSys on
your team and expect innovation, experience and cost-efficient,
sustainable solutions.
