Carwin Advisors Performed Analysis and Valuation of a Luxury Master Planned Community in Dallas, TX
Jan 30, 2010
(Dallas, Texas)The Tribute is a prestigious master-planned community in the northwest corridor of the Dallas/Fort Worth Metroplex. The community consists of 1,150 acres, five village communities, two golf courses, lakefront vistas, and high-end architectural details.
One of the joint venture partners sought Carwin Advisors expertise to assess future prospects for the community in the changing market, validate development budgets, and develop strategies to improve the velocity and profitability of the community.
Carwin Advisors utilized their deep understanding of golf-course communities to evaluate every operational aspect of the development. From this the Carwin team generated specific, actionable recommendations for the joint venture.
Patrick Vedra, Managing Director of Carwin Advisors, states, “Master-planned communities include many components such as golf, master infrastructure, amenities, multiple builders and price-points, retail, development agreements, restrictive covenants, and so on. These must all fit together to effectively drive profit and returns. When they don’t, it is obvious. What could be a cash-cow can quickly become a cash drain. That’s why experience, creativity and a relentless focus on operational efficiency and costs are a ‘must’ in master-planned community development.”
Carwin Advisors, a Winchester Carlisle Company, is a national full-service real estate advisory firm specializing in solving complex problems and working with multiple stakeholders in the restructuring, turnaround, management and disposition of residential, commercial, and mixed-use real estate assets, portfolios, and companies.