Development Advisory
Development Advisory
Donald N. Bernards
CPA
Principal
Todd Carpenter
Managing Principal
Garrick Gibson
CPA
Principal
Establish, refine and deliver your real estate project on time and on budget with experienced consultants that manage every phase of the development process. From new builds to expansions or consolidations — we’ll help you identify feasibility, obtain funds and execute your next project.
Real estate development experience
Real estate development is a complicated process that requires a creative vision and robust knowledge and experience to bring it to life. It involves the organization of many interrelated tasks performed by many highly specialized professionals over a long period, which can often be a drain on an organization’s resources.
Keep your staff focused on your core business and outsource your development process to Baker Tilly. Our team of specialists will serve as your development consultant, providing the leadership needed to move the development process forward in a controlled and coordinated manner.
We leverage robust development experience combined with deep industry knowledge to manage projects from concept to completion, with extensive experience providing planning for:
- Public housing authorities (PHAs)
- Private not-for-profit and for-profit developers
- Public-private partnerships
- Strategic partnership ventures
- Municipalities
- Institutions
We work across all industries on a variety of projects, including:
- Commercial, office and industrial
- Healthcare
- Higher education
- Historic rehabilitation/re-use
- Independent and assisted living
- Land development
- Lodging and other hospitality
- Manufacturing plants and distribution sites
- Mixed-use
- Municipal facilities
- Residential
- Retail
- Social services
- Sports facilities
Our project management approach consists of five steps that help you accomplish your goals:
We will perform a strategic review of any preliminary studies, planning and diligence information that will result in a financial framework for your development. We will also aid in establishing business, site and program principles to develop a custom financing package.
- Site selection, analysis and evaluation
- Market and due diligence assessment
- Entitlement and zoning analysis
- Preliminary financial structuring, budgeting and modeling
- Evaluate project viability
We will formalize the vision for the project by establishing goals for the design, budget and timeline as well as a marketing strategy that positions the project for long-term success.
- Project design and financial programming, visioning and master planning
- Budget and schedule development
- Land acquisition strategy
- Marketing strategy development
- Third-party vendor management
Utilizing design oversight as a tool to ensure project goals are achieved, we will assist in the selection of consultants that share the design and budgetary vision.
- Design team procurement and oversight
- Zoning/entitlement/permitting assistance
- Deliver method guidance
- Budget refinement and schedule
- Design scope of work refinement
We will assist in construction partner selection; finalize budget certainty, debt and equity financing, scheduling and permitting; and work as an integral part of the construction observation team to ensure a timely completion within budget.
- Construction partner procurement selection
- Constructability review
- Cost, budget, schedule, quality assurance and quality control (QAQC), document controls
- Day-to-day project management including owner-architect-contractor (OAC) relations
- Owner and contractor draw request
- Value engineering management
We will collect and turn over product operations and maintenance manuals, coordinate staff training and oversee marketing and business plans to prepare the development for long-term operation.
- Construction contract closeout management
- Construction loan closeout management
- Regulatory review management
Client success stories
LIHTC Year 15 Exit Planning Resource Center
As Low-Income Housing Tax Credit (LIHTC) properties approach their fifteenth anniversary, general partners must decide how to move forward with them after the initial LIHTC compliance period. Visit our resource center to learn more.
Not only does Baker Tilly provide us with valuable development consulting services, but they help us grow our business. Team members regularly introduce us to their network contacts, which helps us to do more deals. This is an instrumental part of our relationship, and one not commonly found with other firms.– Menachem Rapoport, VP, Crown Court Properties, Ltd.
By the numbers
