Development Management Group has a special expertise in the management of financially troubled real estate properties. DMG’s principals have personally managed the successful turnaround, workouts and disposition of real estate companies and properties of all sizes and scope.
DMG applies its own proven techniques, derived from years of hands-on, bottom-line experience, to identify the underlying causes of the problems a company is experiencing. It then formulates strategies and tactics to address and solve these issues. And, most importantly, DMG manages the implementation of these solutions.
Typically, a principal of Development Management Group is engaged to act as the CEO and/or President of an organization reporting to its Board of Directors, permitting the authority to implement change as solutions are structured.
Turnaround is often associated with “cleaning house” and the dismissal of all previous management. However, Development Management Group is usually able to use a less draconian approach in its turnaround process and, as a result, produce significantly improved employee performance and better results for clients. Development Management Group has found that most employees want to do a good job and are motivated to improve their job performance with the benefit of good management and mentoring. Often, talented employees may simply be in the wrong position or are working in the wrong direction. As a result, their skills are being underutilized. DMG’s methodology permits the retention of an organization’s historical knowledge and valuable current detail. This approach to the turnaround process has proven to have a less disruptive impact on staff morale throughout the entire operation.
Quite often, as a turnaround is in the process of being implemented, a client determines that it wishes to dispose of the remaining assets of the particular enterprise for which the turnaround is being performed. The value of the enterprise is being increased by the turnaround effort, and the client may now be in a position to dispose of the assets profitably. Development Management Group has often made this pivot and has managed the disposition of billions of dollars of real estate and commercial assets on behalf of its clients throughout the United States and abroad.