313 Congress Street
Boston, MA 02210
C3 was engaged by an institutional owner of large commercial office properties to complete two separate assignments: develop five-year capital plans for a small number of properties, and review the capital budgets of third-party managers for other properties. For this second group of properties, we were also tasked with conducting follow-up reviews of the bidding and work during construction.
We collaborated with the owner to understand the hold period and investment goals for the properties. We then consulted with the third-party managers to gain their insight into the physical needs of the properties. Based on this insight, we prepared ground-up capital plans for specific properties, as well as reviews and recommendations of the capital plans prepared by others.
C3’s capital planning expertise provided a practical approach to preserving the asset, fully coordinated with the owner’s investment strategy. Our independent reviews of the third-party capital plans and budgets resulted in notable changes that incorporated our suggestions for more cost-effective, alternative approaches.