Lakes Realty Advisory Group, Inc. is a real estate consulting firm based in
Madison, Wisconsin. Our primary role is providing real property based consulting to
both public and private sector clients.
A Solid Foundation in the fundamentals of market research, development,
finance, governmental assistance programs and valuation techniques allows our staff to
respond creatively to challenging assignments.
Innovative Approaches to client service sets Great Lakes Realty Advisory Group,
Inc. apart from other consultants. We strive to find new, practical and
cost-effective solutions. We put ourselves in our clients shoes, listening carefully
and asking the right questions to identify and implement pragmatic and innovative
solutions to their real estate investment and disposition needs.
Railroads and Linear Real Estate
Great Lakes Realty Advisory Group (GLRAG) provides specialized valuation consulting to
Railroad Companies and certain public sector clients for linear real property such as
railroad, utility, pipeline and cable right-of-way corridors. Typically, these
services involve use of the Across-the-Fence, or ATF valuation methodology and
occasionally involve both market and liquidation valuation. Because of their
specialized nature, these types of assignments take us to regional and national
locations and allow us to interact with both public and private sector clients. One
example of a linear real estate valuation involves a transitional use from a former
railroad corridor to a recreational trail. We often act as intermediary between
parties to help set a price for just compensation, donation and/or purchase decisions.
See Projects for an example of these types of assignments. back to
Industrial Valuation and Redevelopment
Great Lakes Realty Advisory Group (GLRAG) provides valuation services to corporations,
individuals and financial institutions for industrial real estate. These assignments
usually involve a market value based decision for underwriting, finance, disposition
or property tax appeal. We serve the region, primarily Wisconsin and eastern Iowa,
providing valuations of owner-occupied 20,000-sq.-ft. buildings to
1.5-million-sq.-ft., multiple building properties.
Sometimes larger and obsolete industrial sites require full or partial redevelopment.
Our membership in The Lakeside Group offers access to a team of like-minded,
redevelopment specialists, including environmental engineers, planners, architects
and real estate specialists. We can properly assess the redevelopment potential
of industrial sites (including EPA designated Brownfields) and implement
a Redevelopment Plan to assist in working with local jurisdictions to help
establish entitlements, procure investors, financiers and developers. See
The Lakeside Group and Corporate Real Estate for further discussion about
these services.back to
Affordable Housing Consulting Practice
of new, management of existing and regulatory compliance for affordable housing
requires special skills, techniques, and relationships. Specifically, a thorough
understanding of the for-profit and non-profit organizations, public funding programs
and housing-related social service agencies that interact within this specialty to
produce affordable housing. We specialize in consulting to the affordable housing
industry and to the public sector for housing related funding. This includes: Section
42 LIHTCs administered by state agencies, and U.S. Dept. of Housing and Urban
Development (HUD) programs, guidelines, and administration of funding and resources.
Other services to this market niche include specialized valuation, Section 8 rental
market surveys, LIHTC application and federal grant funding application writing, fair
housing compliance and training and other non-market research services. Pricing for
these services may also vary considerably, but for standard reporting formats these
generally do not exceed $85 per hour. Training and development in management of fair
housing law, technical assistance, testing, grant writing and other specialized
services may be priced differently. back to top
Non Profit Consulting
We serve non profit
organizations, including religious organizations, affordable and special
needs housing providers and service providers to those in need. There is
a significant degree of overlap between our Affordable Housing and Non Profit
Consulting practices, also with less obvious clients such as corporations
and public sector clients. Because of this client and service diversity,
Great Lakes Realty Advisory Group, Inc. (GLRAG) can match needs with projects,
as well as help foster for profit and non profit partnerships.
Non profit organizations typically provide some form of housing,
but often the utility of this housing becomes obsolete or underutilized.
As demand changes, the need for repositioning emerges and understanding
market-based demand becomes critical. This is where we can help. Recently,
we assisted a large Catholic order of sisters reposition an underutilized
convent and attached high school from a liability to an asset. They were
able to relocate the remaining sisters living in the convent to another facility
and lease the former convent to the attached high school. The high school,
run by a separate non profit organization intends to eventually demolish
the building to make way for badly needed athletic fields. Please see
Projects and Clients for a listing of non profit owned projects and clients served.
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If you're intrigued by our approach to working with clients and your
decision-making could benefit from our counsel, we would like to listen to what you
have to say. Please contact us.
All Contents ?2000 - 2003 Great Lakes Realty Advisory Group, Inc.