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Our Solution
DeNovo purchases
or acquires distressed properties and subsequently restores them to
commercially viable property, providing a solution to distressed property to
garner US EPA, local and state government official, environmental group and
community approval. In many cases, the
transaction will protect previous owners and operators from future claims or
defaults, providing substantial benefit to those parties. Finally, prospective purchasers are able to
comfortably acquire desired property once the restoration process is complete.
The combination
of our Partners' financial and remediation expertise is uncommon and they,
together with our legal, real estate, consulting and regulatory partners, can
provide closure to your distressed property concerns.
DeNovo Properties and its affiliates buy:
- Environmentally distressed property
- Abandoned property
- Vacant properties
- Sale leasebacks
- Full property portfolios
- In bankruptcy sales
- To facilitate mergers and acquisitions
- With cash and close quickly
- As is
DeNovo Properties and its affiliates acquire your
distressed property and:
- Bring closure to ongoing and burdensome
liabilities
- Bring known and finite economic closure to a
historically variable and volatile problem
- Eliminate of property carrying costs including
legal, property taxes, security and regulatory costs, amongst others
- Improve your balance sheet and cash flow
allowing for enhanced use of capital resources
- Allow Board and executive management to focus on
value creating activities
DeNovo will also act as a lender for those seeking
to buy property that traditional lenders will not finance due to environmental
concerns. Who Wins? Everyone.
Federal, state and local officials benefit from the redevelopment through increased beautification of their communities, reduced local environmental contamination, reduced urban sprawl, new job creation and increased tax revenues once the land is returned to productive use. Local residents benefit from beautification, reduced contamination and increased property values in their neighborhoods. Companies benefit from the elimination of potential liabilities they increasingly must disclose to their investors.
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