Real Estate Case Studies

A Strong Track Record Across Multiple Asset Types

Capital has successfully managed assets across multiple classes. We pride ourselves on our flexibility, professionalism and industry knowledge. Below are several case studies, detailing previous successes and showing our broad experience and proven track record.

 

Japan


 
Type: Hospitality

City: Tokyo

Property Description: 12 story serviced apartment with 69 rooms

Services Provided: Rebranding, Repositioning, Disposition

Strategy: From inception, Capital was tasked with the design development of a newly built serviced apartment conveniently located in Tokyo’s famous nightlife district and implementing services to appeal to the foreign businessman/leisure travelers. From the selection of furniture, fixtures and equipment, to the amenities desired by the overseas market, Capital directed the Japanese management company in the selection of products and amenities to appeal to the foreign traveler. Marketing the property to foreign business travelers utilizing global distribution channels and numerous online travel agents, which was unheard of at that time in the Japanese market, gave it a competitive advantage. Capital also reviewed performance reports and financial statements and gave appropriate instructions to increase revenues and minimize expenses. This along with savvy yield management led to a substantial increase in ADR and occupancy. After increasing the property’s revenue, Capital helped with the disposition of the asset to a Singaporean investor.

 
 

Thailand


 
Type: Hospitality

City: Samui

Property Description: 5-star hotel, 70 rooms

Services Provided: Acquisition Support, Asset Management

Strategy: Capital assisted in the closing process on acquisition of the resort, managing the asset transfer, performing a physical check on the asset, and completing a fixed asset register. Capital reviewed and renegotiated / terminated existing agreements with 3rd party service providers. On taking over management of the property, Capital oversaw implementation of the business plan for the property, and monthly property operating statement reviews from the owner operator. Capital was responsible for oversight and review of all major contracts (e.g. major renovation work, but not regular maintenance). Capital conducted analysis on highest and best use of the property, and delivered monthly reports on property status and performance to the owner.

 
 

Singapore


 
Type: Hospitality

City: Singapore

Property Description: 4-star hotel, 398 rooms

Services Provided: Acquisition Support, Asset Management, Renovation Management

Strategy: A four-star hotel previously run by a Japanese operator, Capital provided employee management support and worked with the outgoing and incoming operators for a smooth handover with little to no impact on the operations and staff departures. Capital managed the renovation works and upgraded the physical appearance of the property to cater to the brand image of the new operator and the needs of its clientele. Initial scope of renovation was to renovate half of the 400 rooms, however, after weekly reviews of performance reports and financial statements, Capital recommended that the performance of the renovated rooms when compared to the non renovated rooms, justified an additional investment to renovate the remaining 200 rooms. Capital gave appropriate instructions to increase revenues and minimize expenses. After increasing the hotel’s revenue, Capital was pivotal in securing its disposal.

 
 

Japan


 
Type: Commercial

City: Tokyo

Property Description: Office / Retail Building

Services Provided: Asset Management, Disposition Support

Strategy: This commercial property was located in a prime retail area in Tokyo where the market rent was maintained at a high level. Capital negotiated with tenants for a rent increase as the average rent of the property was lower than the market standard. In order to justify the rent increase request, Capital managed building renovation work including exterior wall washing, and implemented improved building management practices. This increased the building’s revenue, which was a major factor in its profitable sale to a Japanese investor.
 
 

 

Thailand


 
Type: Commercial

City: Bangkok

Property Description: Two high-rise office buildings

Services Provided: Acquisition Support, Asset Management

Strategy: Capital assisted in the closing process on acquisition, and gave advice on the renovation project before monitoring the construction work. Capital managed the investor's investment relative to asset management, and performed investor accounting and cash control duties. After coordinating leasing offers and agreements with prospective customers and existing tenants, Capital was able to maintain occupancy at a high level while simultaneously increasing average rents.

 
 

Korea


 
Type: Commercial

City: Seoul

Property Description: 18 story office building

Services Provided: Acquisition Support, Renovation Management, Building Rebranding, Disposition Support

Strategy: After assisting the buyer in the acquisition process, Capital oversaw the renovation of the building over the course of two years, remodeling the interior to make it more attractive to foreign clients who demand the best quality office space. During this time period Capital provided monthly, quarterly and annual reports detailing the building’s performance to international reporting standards. After completion of the renovation works, introduction of new tenants and re-flagging of the building, Capital helped to negotiate the sale of the asset at a substantial profit.