:: RERC Projects - Financial Analysis ::

In today’s rapidly changing real estate development marketplace, the determination of a project’s success depends on the timeliness and accuracy of the data utilized during each phase of the project’s planning, development and implementation process. RERC has structured its services for real estate developers, government agencies, and investors in such a way that it can provide analytical techniques, information and advice which are both timely and thorough.

The Legends at Sparks Marina

Client: City of Sparks, Nevada

Real Estate Research Consultants (RERC) was retained by the City of Sparks, Nevada to estimate the taxable sales generated by the proposed Legends at Sparks Marina, a 1,300,000 Square Feet retail project in the Reno area anchored by Scheels All Sports, Target and a casino hotel. These taxable sales represent the primary revenue stream available to secure $83,290,000 in publicly issued debt associated with this project. The bonds were successfully issued and sold in July 2008. [more]

Manhattan Downtown Redevelopment District Financing

Client: City of Manhattan, Kansas

As in many other projects around the country, Manhattan, Kansas is crafting a public-private partnership using committed sales tax and property tax revenues to support long term debt. RERC was retained to validate the key operating assumptions, evaluate the context, and to project sales and property tax revenues used to retire the anticipated bond debt associated with a redevelopment project in the downtown area. [more]

Bahia Mar Resort and Marina

Client: Blackstone and LXR Resorts

RERC has been working with LXR Resorts, a subsidiary of Blackstone, one of the nation’s largest private equity groups to restore the aging but famous Bahia Mar Hotel, located between the intracoastal waterway and the Atlantic Ocean. In the current plans, the refurbished and upgraded hotel would be marked with the flag of a major hospitality chain. In addition to the hotel, the existing marina would continue to operate, and several hundred new residential units would also be constructed. Collectively these improvements are seen as a means to reestablish and reposition this stretch of Ft. Lauderdale’s beach. [more]

The Legends at Village West

Client: Unified Government of Wyandotte County/Kansas City

RERC was retained by the Unified Government of Wyandotte County/Kansas City, Kansas to estimate the taxable sales generated by the proposed The Legends at Village West, 1,500,000 Square Feet retail and entertainment project in the Kansas City area. These taxable sales represent the primary revenue stream available to secure several million dollars in publicly issued debt associated with this project. The Legends is another major entertainment project implemented by RED Development, who is also the owner of the proposed Legends at Sparks Marina in Sparks, Nevada. [more]

The Highlands

Client: Ohio County Development Authority, West Virginia

Like other projects in the country, the Ohio County Development Authority crafted a public-private partnership using committed sales tax and property tax revenues to support long term debt. RERC was retained by the Authority to validate the project’s key operating assumptions, evaluate the project’s context, and to project sales tax and property tax revenues used to retire the anticipated bond debt. [more]