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Berkshire
Pacific Ventures is dedicated to the enhancement of
the quality of life wherever we develop or acquire properties
by our commitment to setting new standards for quality
in our projects, to responding to our community, and
to building venues for success for our tenants.
Best Environments - Highest Quality
Services
Berkshire
Pacific Development's experienced leasing, management,
construction and financial professionals are trained
to think as first-tier service providers. All of our
employees understand that it is their job to ensure
that each Berkshire Pacific Development project offers
the highest quality business environment and occupancy
services in its marketplace.
We believe that the consistently high occupancy levels
in Berkshire Pacific Development properties is the strongest
testament to the validity of our operating philosophy
and the best evidence of our successful implementation
of that philosophy. Berkshire Pacific Development is
a leading commercial real estate acquisition, investment
and development company.
Berkshire Pacific Development employs creative, entrepreneurial
strategies in its real estate development and asset
management. Our goal is to create innovative real estate
solutions that meet the needs of today's businesses.
By designing and managing real estate with the tenant
in mind, we are able to help businesses improve operating
efficiencies, reduce their operating costs and can provide
real estate solutions that bring value to the tenant
and owner.
To create solutions that provide value to both tenant
and landlord, Berkshire Pacific Development utilizes
a market focused; investment based operating philosophy
that emphasizes:
Primary
Market Research - Extensive research into market
needs, emerging trends and lifestyles.
Customer
Focused Design - Designs that incorporate the results
of the primary market research and provide superior
solutions for the tenants.
Out- of-
the- Box Solutions - Creative design solutions,
acquisition structures and lease structures.
Investment
Based Decision Making - Market and investment analysis
are used extensively to ensure optimal investment decisions.
Creative,
Property Value Enhancement and Development - With
a foundation of solid investment analysis, a team of
regionally recognized design professionals synthesize
the project's investment objective to meet the needs
of the marketplace.
Comprehensive Asset Management
Beyond
the role of the traditional property manager, asset
managers utilize a comprehensive approach that combines
research and financial analysis with traditional management
skills to provide a product that better meets the needs
of tenants and investors.
More than Leasing - Value-Added
Services
Berkshire
Pacific Development operates based on the principle
that our tenants are not only leasing space in our buildings,
but additionally are seeking a broad range of occupancy
services to support and enhance their core business
operations. Delivery of a physical product that is maintained
and operated to the highest industry standard is only
the beginning. We strive to learn and remain abreast
of our tenants businesses in order to meet their
current needs, anticipate their future requirements
and be in a position to work cooperatively with them
in responding to unanticipated developments.
Superior Risk-Adjusted Returns
Through Superior Investments
Berkshire
Pacific Development seeks to generate superior risk-adjusted
returns through investments in high-quality commercial
and residential properties. We execute on this strategy
by combining sophisticated capital market, asset management
and investment expertise with the broad operating capabilities
and experience of Berkshire Pacific Development.
Recognizing and Responding
Quickly to Capital Flow Cycles
Real
estate is a cyclical business with its cycles determined,
in large part, by capital flows. A sound investment
strategy must recognize the importance of these cycles
and requires a willingness and an ability to move quickly
to sell into capital that is over-valuing real estate
and to buy when capital is under-valuing real estate.
Mitigating Risk through Asset
Quality and Tenant Service
In
selecting among investment opportunities, careful assessment
must be made of the risk profile of the various alternatives.
In commercial buildings, risk comes in basically two
forms: rental rate risk and vacancy risk, with the greatest
investment risk coming from the substantial costs that
are incurred through vacancy. We believe that both of
these risks are best mitigated by investing in under-valued
properties that, due to their location, physical quality,
amenities and other attributes, will always be preferred
business locations. These risks are then further mitigated
by operating these properties with an unwavering focus
on responsive and cost-effective service to tenants
so that opportunities to expand and retain tenants on
the most favorable terms are maximized.
In
summary, Berkshire Pacific Development believes that
attractive risk-adjusted returns can be consistently
achieved through an investment program that is focused
on acquiring and developing high-quality commercial
and residential properties at appropriate points in
the investment cycle, utilizing a conservative amount
of debt, operating these properties to produce a solid
and consistent cash return, then selling these properties
when capital is fully valuing the asset fundamentals.
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