By bringing together all of the aspects of an option to maximize values, CPOS offers to the owner a complete program which the owner cannot accomplish efficiently themselves on a timely basis.

It also brings to the forefront tasks which should be done of which the owner just never managed to do so. It also emphasizes important issues which the owner has not had an opportunity to previously address. Thus, this approach is an excellent planning method.

The MOP for this project involved the full range of services available to the owner though CPOS. All of the options required consideration of costs required to upgrade the cosmetic appearance of the building property which was approximately $250,000.00 dollars. This included exterior work such as replacement of the T-111 exterior wood siding, painting, window replacements and resurfacing of parking areas. All these efforts are in response to the enhancement of a condominium regime.

MOP ARCHITECTURE FOR SAMPLE PROJECT (Possible Choices)

Direct Sale

CPOS offers to purchase the property on an appraised value basis for cash. This presents no solution to the owner in the creation of taxes and what to do with unneeded funds.

Joint Venture

CPOS offers a joint development agreement (JDA) to the owner whereby CPOS would provide the expertise and capital to make upgraded repairs and convert the building property into a condominium. All tenants were desirous of staying and remaining in their current premises and owning their space. The owner's accountant, attorney and insurance representatives working with CPOS evolved and shaped a program for the owner which included a Charitable Remainder Trust (CRT), generation "skipping trusts" and removal of the project from the owner's estate. Moreover, the owner benefits from a higher, realized value of the property and a division of the condominium sales proceeds.