It is three weeks of rent, on every unit in the package.
Run it against your own rate. It usually beats the spread between the bids you compared.
Unit turns, corridors and exterior CapEx for publicly traded apartment operators. $30 million delivered in three years, on buildings that never stopped operating.
NYSE-listed REIT
NYSE-listed apartment REIT
Investment management
Real estate investment firmMost corridor and turn packages are bid as though the building were empty. The six-week programme holds until week two: a stairwell stays open overnight, leasing walks a tour past a torn-out corridor, six weeks becomes nine.
The bid did not cost you the schedule. The sequencing did.
Run it against your own rate. It usually beats the spread between the bids you compared.
It re-competes next cycle, at next year's pricing.
Long after the punch list closes, and the retention report blames something else.
None of it appears on the bid. All of it lands on the asset.
Organised by the work an owner buys, not by trade.
Unit turns on the lease calendar. Corridors, lobbies and amenities phased so the building keeps operating. Exterior CapEx across multi-building sites.
Warehouse to office conversion, retail and office TI, shell finish-out. One contractor, not four.
Scope, budget and programme settled before signing, so the number you present is the number that holds.
Does Ruben take SB 721 and SB 326 work? Mandated, recurring, and the only service here people search by name.
One page per completed community, named for the property.
Showing all 6 project slots.
Lobby and hallway renovation across an occupied community.
Need: units, year, contract band, owner
A distribution warehouse converted to commercial office space.
Need: square feet, city, year, tenant
Whole-house renovation, structural work and hillside landscaping.
Need: address, year, scope valueAn anonymous quote is worth nothing. A named operator at a company you recognise is worth more than the rest of this site.
Name the scope, the dollar volume, and how the property ran during the work.
Philip KangWandery Capital · awaiting text
A REIT or large-manager operator, on occupied delivery.
Awaiting nameFormer Essex or equivalent · Phil to sourceA regional or property manager, on the day-to-day rather than the contract.
Awaiting nameOperator or property manager · Phil to sourceSend the scope. You get questions, a walk date and a number. Wait for the next budget cycle and you get next year's pricing.