Ameritus is a full service operating platform organized to acquire, operate, and capitalize commercial real estate for its partnerships and third party clients. The firm and its principals have been involved with over $2B of investments through property acquisition, development, sale and finance, and have arranged over $750M of lease transactions. With this experience, strong local market knowledge, and its full service real estate management platform, Ameritus is not an asset allocator, but a true operating partner that can maximize investment value.
The principals of Ameritus have deep relationships in its target markets which contribute to identifying on and off-market investment opportunities. Once identified, Ameritus is capable of performing comprehensive due diligence including the marshaling of contractors and consultants with expertise in all aspects of the physical and operational components of real estate ownership. Owning property locally and being active market participants allows us to quickly analyze rents and expenses while identifying ways to exploit value creation. Once acquired, equity and debt partners have comprehensive on-going reporting requirements. Ameritus utilizes a refined internal process and state-of-the–art commercial software to meet the reporting needs of investors on a timely basis.
Ameritus manages all properties it owns. This direct oversight is essential to implementing asset business plans and adjusting them to market factors. Ameritus manages all building-level personnel and is experienced in working with union employees and their unique human resource requirements.
Ameritus has full in-house leasing capabilities through its tenant representation practice, and also performs investment sales for third party clients. These capabilities give Ameritus primary knowledge of market conditions, and allow it to create a unique marketing plan for each building in its portfolio.
Ameritus has successfully managed tens of millions of dollars in construction projects including tenant improvements, mechanical replacement, facade and roof repair, lobby renovations, and building expansions for its own portfolio and third party clients.
Through its deep relationships and experience, Ameritus has the capabilities of structuring a transaction for its partners and third parties. From deal structuring, to the capital formation of debt and equity, to determining exit options and workouts, Ameritus can offer strategic options and execution to its partners and clients.
Ameritus pioneered the office condominium concept in downtown Chicago. The firm’s conversion of 211 West Wacker Drive from a rental property to office condominium exploited a new market niche which maximized returns to its investors. Ameritus manages office condominiums, consults with banks on commercial condo REO, and can evaluate if such a structure is right for an owner.