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Ensuring All In Investments' Project Success

Case Study  All in Investments  Article Hero  1536x1040

Owner Representative and Development Management Services

Improving Performance and Mitigating Risk

All In Investments was the majority equity partner in two development projects located at 599 Clement Avenue and 1145 Pacific Avenue in Kelowna, BC. As the project progressed, All In Investments felt they required additional development expertise to assess and improve overall management and performance, prior to construction. Furthermore, the client recognized that risk mitigation strategies needed to be implemented to maintain and control project performance metrics until completion.

Implementing Risk Control Measures and Best Practices

CIC was engaged by All In Investments to provide Owner Representative services. As an expert in development management, CIC began to forensically assess the projects’ performance with the goal of relaying the challenges  and implementing risk control measures that protected All In Investments’ financial return.  By reviewing all documentation, contracts, financing and historical communications, CIC was able to identify and convey to All In Investments where prior challenges in project management protocol had occurred and subsequently implemented best practices to safeguard the projects’ success. 

Services

Colliers has, and continues, to provide the following services:

  • Establish thorough financial controls, project reporting protocols as well as contract administration in order to better respond to equity and lender oversight obligations;
  • Continual administration of the development and construction by implementation of financial monitoring and coordination with the General Contractor, consultants and sub-trades; 
  • Oversee and close out remaining tendering;
  • Establish and monitor risk mitigation protocols and project management best practices to eliminate challenges prior to impacting critical path schedule and/or financial performance;
  • Administer of a competitive process to select a property management firm and create a lease-up plan to meet asset stabilization objectives.
Projects On Track, On Schedule and On Point

CIC introduced rigor, reporting and industry best practices as Owner’s Representative and Development Manager, leading to All In Investments’ restored confidence in the successful completion of these projects. Both projects are now on track to complete as scheduled, with risk mitigation protocols in place to protect All In Investments’ equity, as well as overall asset level financial performance.


For More Information, Please Contact:

Jaraad Marani

Vice President, Development Advisory

Vancouver

Jaraad joined the Consulting team in 2015 with a background in retail development.  He has a Masters of Urban Planning from the University of British Columbia.  Jaraad has a strong background working with municipalities, NGO's, non-profits, and private companies around achieving land use decisions that are mutually beneficial to all parties involved.  Jaraad's current role is as a Development Manager, working with both the United Church Housing Society and the Vancouver Freemasons on managing the redevelopment process of their respective properties.   

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David Bowden

Vice Chairman, Head of Strategy & Consulting Group

Vancouver

With more than 40 years of experience in the commercial real estate industry, including serving as CEO I Canada at Colliers International for 14 years, David assumed the role of Vice Chairman and Head of Strategy and Consulting I Canada on March 31, 2020. In this role, David integrates Colliers’ existing consulting practices into a national Real Estate Strategy & Consulting entity, building on operations to deliver the best real estate solutions for investors, institutions and corporate clients with significant real estate assets and portfolios.

David is highly regarded for his deep connections and innovative business perspective, providing strategy and guidance on best practices in corporate leadership, change management and innovation.

David holds a Bachelor of Commerce in Urban Land Economics from the University of British Columbia and is a member of REALPAC. Consisting of fewer than 100 members, REALPAC is the national industry association dedicated to advancing the vitality of Canada’s real estate sector. 

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