Probably one of the most critical challenges of owning investment real estate is the need to develop a Strategy for its ownership and use. In this case, we will refer to the term “Strategy” as a plan for the most efficient use of a parcel of real estate. This Strategy can and should embody the objective or purpose of owning the property from it acquisition through disposition. The process usually begins by the determination of the property’s Highest and Best Use. It is then followed up by how and when the property owner best takes advantage of the ownership of the property given its potential use. The development of a Strategy for a property also involves the resources and interest of the property owner. Development of a Strategy for a parcel of real estate should only be entrusted to a professional with the expertise to evaluate all of the options for the property and make recommendations as to which is best for the property owner.

ELLIOTT® is available to provide Strategy Development services for any property located anywhere. We serve all fifty states in the United States, as well as within other countries throughout the world. Contact our Client Service Department to learn more about how we may be of service to you.