MMI Development, Inc. is dedicated to the philosophy that tangible value, above and beyond the acquisition price, can and should be created in each real estate transaction. A prospective project must be able to create additional returns on investment, over and above the apparent return indicated by simply "crunching the numbers" of income in place.
Added value is created by:
- Maximizing rents and delivering to the tenants a feeling of value received.
- Reducing expenses, with the critical view of not undercutting service to the occupiers or diminishing the physical value of the asset.
- Investing in the long term value of an asset by applying the most cost effective maintenance programs for a given asset's life cycle. Repairs should be made once, correctly, and with a view that the money spent should be spread over the longest term possible.
- Aquisitions must have under-utilized assets (e.g. vacant land, large vacancy factory) which when put into production, create additional value.
Sound, proactive management applied with a sense of ownership and pride maximizes value like nothing else.
1350 N. Orange Avenue, Suite 288, Winter Park, FL. 32789.