Due to the Pandemic, many companies are struggling financially. Some of these companies are finding it difficult to even make payroll and to pay their rent. Property owners and real estate investors who did not have a professional property management company working for them have ended up in some very difficult discussions with their tenants. […]
Let me preface by saying that I am absolutely and completely in awe of the strength and resiliency of the entire world working together on this humanitarian effort to bring an end to this pandemic. Those on the front lines who are fighting this war together will ultimately make our entire globe stronger and more […]
Located in the heart of one of Charleston’s fastest growing areas for expansion, Urban Core Advisors is proud to announce our newest retail shopping center development. The Shoppes at Carnes Crossroads features over 12,000 SF of retail space that will be ready for occupancy by the Fall of 2018. The site is located in Carnes […]
The current economic climate in the Charleston Region is as robust as I have ever seen it in my lifetime. As I have noted in a previous blog postings, Charleston is experiencing the most substantial and diverse economic expansion in its history. The Region is no longer just driven economically by the Tourism Industry. The […]
A commercial real estate professional in Charleston was recently quoted as stating that the Charleston Market is ‘On Fire’. My first reaction was “Is being On Fire a good thing or a bad thing”? Having been in commercial banking for 20 years and experiencing firsthand the real estate market collapse in 2008, I tend to […]
The key to increasing profits when investing in real estate is not only to maximize cash inflows, but also to manage cash outflows. In particular, I am referring to tax liability. In 1921, Congress enacted the like-kind exchange statute, often called a 1031 Exchange. Two of the primary purposes of this legislation were: 1) to […]
When I began developing this research project, my intent was twofold 1.) to get an accurate read on the national economy and 2.) to identify the regions within the US that are experiencing the most successful economic expansions post the Great Recession. So in Part 3 of my ‘boots on the ground’ research I traveled […]
As a real estate investor and advisor, it is critical to my success to know what is happening in the areas where I invest and the economic landscape of the local economy. It is also just as critical to understand the national economy and how what happens across the US and the World will impact […]
It has been my experience that if you try to get an accurate read on the economy from the media you will be left dazed and confused. One minute a reporter on CNBC is reporting on terrific economic data and then another starts talking about a recession. It seems as though they deal more in […]
The key to smart investing is sustainability. At Urban Core Advisors, sustainability is at the core of our investment strategy. Our mission is to provide clients with real estate investment opportunities that provide strong returns that have ‘staying power’ well into the future. When buying or selling commercial real estate in Charleston, South Carolina, our […]
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.