A Partnership - Every Step of the Way

Explore each point of the real estate cycle below to see how our partnership works:

Sourcing of Acquisition Candidates

We maintain a highly skilled and licensed marketing staff. From creating high quality marketing materials to handling postings and mailers, the support from the marketing team enables our leasing agents to be fully dedicated to leasing your property.

Ciminelli's qualifications:

  • Extensive market knowledge
  • Established relationships with active investment sales brokers
  • Bank and special servicer clients

Underwriting

We utilize our comprehensive knowledge of the market alongside our state of the art software to underwrite your prospective investment.

Ciminelli's qualifications:

  • First hand in depth knowledge of market dynamics
  • Proficiency in Argus discounted cash flow analysis

Due Diligence Assistance

Our team of experienced experts will assist with all the steps necessary during the due diligence process.

Ciminelli's qualifications:

  • Highly skilled and detailed lease abstraction practices
  • Proficient at assessing and benchmarking vendor contracts/operating costs
  • Ability to tap vendor relationships for quick and cost effective reports (PCA, Phase I) and cost estimates (parking lots, roofs, HVAC, etc.)

Operations

Our accredited team will run the day-to-day operations & management of the asset, initiating value enhancing methods from day one.

Ciminelli's qualifications:

  • $750M+ Management/Leasing portfolio in Florida
  • Comprehensive accounting and work order management systems

Disposition

Once our team gets you where you want to be with your investment, we will take on the disposition of your asset and ensure you maximize on your return.

Ciminelli's qualifications:

  • Recognized with multiple awards including the William Dorsey Service Provider Award, Toby Award (BOMA), multiple Pinnacle Awards (FGCAR) and Office Deal of the Year (NAIOP)
  • Repeat clients include Starwood Capital, CW Capital & Crow Financial Holdings

Ciminelli Qualification Highlights

RECOGNIZED AS AN ACCREDITED
MANAGEMENT ORGANIZATION

Ciminelli is 1 of 537 firms worldwide who have met the strict requirements necessary for the AMO accreditation.

OPERATIONS IN 4 STATES -
4 OFFICES THROUGHOUT FLORIDA

Nationwide in FL, NY, PA, MA. Offices in Tampa, Ft Lauderdale, Tallahassee, & Orlando.

PORTFOLIO OF OVER 6 MILLION
SQUARE FEET IN FLORIDA

Ciminelli's client base also includes over 16M sf of commercial space across the Eastern United States.

 

ACCREDITED MANAGEMENT TEAM

Management staff all possess, or are candidates for, the Certified Property Manager® (CPM®) or Real Property Administrator (RPA®) designations

CERTIFIED COMMERCIAL
INVESTMENT MEMBER DESIGNATIONS

Agents all possess or are candidates for the Certified Commercial Investment Member (CCIM) designation

THE CIMINELLI ENTERPRISE CARRIES
A TRACK RECORD OF 60+ YEARS

Ciminelli has been in Florida for 20 years, with our two Principals having 60+ years combined commercial real estate experience

Successful Partnership
with Creative Repositioning

South Tampa Medical Center
508 S Habana Avenue, Tampa, FL 33609

Property: 60,000 sq ft, Class A, medical office building located in Tampa, FL
Objective: Overcome competition from condominium construction and rebuild property value

Challenges

  • 40% of tenant base vacating
  • Increased vacancy resulting in negative cash flow
  • Increased competition from adjacent new medical office development

Actions

  • Maximize the building’s potential by capitalizing on leasing and sale opportunities through condominium conversion
  • Aggressive sale and lease initiatives targeting the medical community
  • Thorough review of operations to identify key areas of costs savings

Results

  • 30+% premium over purchase price as a result of the condominium conversion
  • 12% decrease of 1st year annual operating expenses
  • Awarded the TOBY award by BOMA as a result of Ciminelli’s management team
  • Stabilized property to 100% occupancy

What makes the Ciminelli Team unique?

We operate from an owner's perspective and guide our Investment Partners through the entire real estate cycle to achieve maximum returns. When it comes to choosing a firm to handle your investment, make sure their goals align with yours. Let's talk so we can show you that ours do!

Ciminelli is the missing piece you've been looking for!

Contact us for more details.

 

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