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Development


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Development


 

Exeter Group is known for creating distinctive residential, retail, office, and other projects in the Twin Cities.

  • The company has years of experience with ground-up development which requires extensive planning and design, neighborhood input, and entitlement efforts.
  • More recent projects have focused on renovating and re-positioning existing buildings for new uses.  These developments typically utilize historic rehabilitation and new market tax credits and tax increment financing programs, which involve complicated review and approval procedures by local, state and federal agencies.
  • The company pursues a diverse range of real estate product types and development strategies in various locations and each project undertaken has its own unique characteristics.

 
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Financing


Financing


 

Exeter Group draws upon long-standing relationships for project financing.

  • Equity capital comes from a network of high net worth individuals, family offices, and private equity firms.
  • Local and state grants are secured for environmental cleanup, green technology, and other unique project needs
  • Tax increment and other specialized municipal financing tools are utilized whenever available.
  • Third party joint ventures – with private equity funds, real estate investment trusts, public pension funds, public agencies, and even other developers – are used to create advantageous capital arrangements for complicated transactions.
  • Construction financing is typically provided by local banking institutions and permanent debt usually comes from insurance companies and agencies like Fannie Mae.
  • Projects are owned by separate bankruptcy-remote ownership vehicles. 

 
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Marketing


Marketing


 

The company has in-house capabilities and personnel for marketing, leasing, and managing projects but also relies on experienced third party real estate firms and consultants for these services. 

 
 

 

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Asset Management


Asset Management


 

Exeter Group has experience delivering asset management and disposition services to banks, loan servicers, and other third party real estate owners with non-performing, undervalued or distressed real estate assets. These services include evaluating real estate assets; stabilizing assets by removing defaulting tenants and arranging necessary repairs; coordinating sales strategies, dispositions, and closings; and providing secure cash management and comprehensive reporting. 

 
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Investment Funds


Investment Funds


 

Over the years, Exeter Group has originated and managed a series of core, value-add, and opportunistic equity and debt funds for high net worth individuals, family offices, private equity groups, and public institutional investors. To date, the company has sponsored nine separate programs involving more than $100 million.