docBuilders` Business Breakfast
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Builders` Business Breakfast
CONTRAVEST Builders' Business Breakfast March 8, 2016 CONTRAVEST Agenda • • • • • About ContraVest Our Process Pipeline Why apartments? The Addison at Windermere CONTRAVEST Owners / Developer Builder Property Management CONTRAVEST Owners / Developer Builder Property Management CONTRAVEST Owners / Developer Builder Property Management CONTRAVEST About Our Company Privately owned 30 year History Over 27,500 units built and developed Operated in 6 states CONTRAVEST About Our Company Develop and Build Market Rate Luxury Apartment Communities Over 94 projects completed Always successful in completion CONTRAVEST CONTRAVEST CONTRAVEST CONTRAVEST CONTRAVEST CONTRAVEST Integrity Accountability Responsibility Culture of Discipline Innovation, creativity and personal growth Profitability CONTRAVEST ContraVest Builders MISSION STATEMENT To provide professional construction services to our clients through excellence in: timely completion, meeting or beating the prescribed budget, building to the highest standards of quality in the industry, and adhering to the principal of “safety first”, without exception. CONTRAVEST ContraVest Process Working with the Owner/Developer on the Planning Process (Design Dev., CD’s, Permitting) Sync – Arch, Structural, MEP&S (3D modeling) Estimating Project Team Buy-Out Construction Start Building / Unit Acceptance Construction Finish CONTRAVEST Top 5 1. Budgeting 2. Scheduling - Estimating, Buy Out, GC’s, CO’s, Fee -Historical Data, Forecasts, Updates 3. Administration - Document, Document, Document! 4. Quality - This is not an action, it’s a Habit 5. Safety - Lead by example, Every Day, All Day CONTRAVEST Pipeline % Probability Name Units Date of Start GC/Dev Location 100 % Tampa Oaks 264 10/2014 Dev Tampa, FL 100 % Randal Park II 300 01/2015 GC Orlando, FL 100 % Santa Fe 299 08/2016 GC Gainesville, FL 100 % Millenia 292 03/2016 Dev Orlando, FL 95 % Windy Hill 284 05/2016 GC Atlanta, GA 98 % Windermere 316 06/2016 Dev Orlando, FL 95 % Universal II 345 01/2017 Dev Orlando, FL 95% Selwyn 48 06/2016 GC Charlotte, NC 50% 70th Ave 247 01/2017 Dev St Pete, FL CONTRAVEST Why Apartments? CONTRAVEST Benefits of Multifamily RE • • • • Who in this room has ever lived in an apartment? Stability – cash flow People need a place to live in good and bad times Demographics nationally drive the demand – Echo Boomers (27.5% of population, born ’82-’95) – projected to be larger demographic than baby boomers – 3% drop in homeownership (68% high to 65% nationwide) equates to approximately 3 million more renters – Estimated to go to approx. 55% home ownership • Preferred asset class for institutional investors CONTRAVEST Our Greatest Industry Opportunity Leadership CONTRAVEST CONTRAVEST Leadership • We solve problems – ID the problem • Don’t solve the wrong thing – Gather information – Develop/Discuss solutions – Recommend/Implement the solution CONTRAVEST Leadership • • • • Stick to the basics Meet’em, Greet’em, Read’em Follow up, Follow up, Follow up M4 – Manage, Maintain Major Milestones CONTRAVEST Modeling Process CONTRAVEST CONTRAVEST CONTRAVEST CONTRAVEST CONTRAVEST CONTRAVEST Next Projects to Start • Windy Hill – Atlanta (bid now, May 1st start) • Addison at Windermere – Orlando CONTRAVEST CONTRAVEST • • • • • 316 Units $32,625,000 15 acres 6 three story buildings – Wood Frame Typical market apartment amenities: – pool, fitness center, business center, pet wash, demo kitchen, gaming, elevators, park areas. • High end finishes: – Granite, stainless/black appliances, hard flooring (select), balconies with screens. CONTRAVEST • Start site work June 2016 – April 2016 accepting bids – 20 month build out – Expect first units online in 12 months • Current Status – Financed – 98% plans of plans – Awaiting final approvals on schools CONTRAVEST CONTRAVEST Contact Information • Dave Cruse – Senior estimator – 407 936 7175 – [email protected] • Gregg Hendershot – VP of Construction – 407 936 7150 – [email protected] • Steven Ogier – Pres of Construction – 407 936 7153 – [email protected] CONTRAVEST Thanks for your time and attention. Questions?
