Real Estate Market & Project Feasibility . Development Planning . Construction & Risk Analysis . Asset Consulting

Multifamily . Single Family Rental . Mixed Use & Residential . Single Family For Sale & Condominium

MRC is Unique. We provide the Intelligence, Expertise and the Experience Required for Investment Success

MRC is a respected leader in Real Estate Market Feasibility Studies, Development/Acquisition Planning and Existing Asset consulting. In addition, MRC is an expert in Construction consulting and the risk elements associated with construction. Since its founding in 1992, MRC has been involved in the underwriting/development of over 175,000 units and 750 unique projects totaling over $40 billion in real estate nationwide and has earned a best-in-class reputation for its unique knowledge, experience and results. Our spirit of innovation has transformed the multifamily industry by recognizing early-stage market opportunity ahead of the competition. MRC's fingerprint is found on most major innovations built over the past 35 years including leading the origination of the Single-Family Build to Rent product driving the market today.

The founder Bill Watts has GP sponsor experience on institutional grade (200+ unit) projects where he signed the guarantees, constructed the project and successfully managed the dynamic challenges that occur. MRC offers what the marketplace does not, a knowledgeable and experienced team that can understand all phases and challenges of the market and your project.

The need for an experienced team has never been so evident as with what the industry has experienced over the past five years. It has been a Master's course with challenges that have rewritten development feasibility, planning, underwriting and risk. Market Feasibility is now Project feasibility, and it requires expertise and skillsets only possible through development experience. While feasibility is step one, MRC's team is also capable of supporting step two, which is project execution where we provide the Owner/Developer the expertise to manage its risk during the construction process. MRC provides any size owner/developer with a unique team that can step in at any level of the project to support the process. With significant investment at risk, MRC provides an edge for the owner/developer.

MRC is unique in the services and benefits we offer, and we work with each client individually to deliver what they need today and in the future.

Multifamily

MRC is the expert in all multifamily product types.

Single Family Build to Rent

MRC was the innovator and first to market in the Single-Family Rental space.

Mixed Use and Mixed Residential

MRC has vast experience in the nuances of Mixed Use and is the leader in the specialties of Mixed Residential. This new Mixed Residential platform creates many opportunities for risk mitigation and profit maximization.

Single Family For Sale, Condominium & Resort

United States and Mexico

Complete Knowledge and Experience

In business for over 35 years, MRC has expertise in all areas of Market Feasibility, Underwriting, Development, Asset Management, Construction Management, and Business Legal Review.

Proven Results on a National Scale

MRC has experience in all 50 U.S. states including virtually all major metro markets, as well as having a deep portfolio of secondary and tertiary market experience. MRC's portfolio of work includes over 750 projects and a total portfolio value of over $18 billion dollars.

Lead Sponsor Development Experience

Our clients benefit from an expertise that exceeds academic. Our principals have large scale development experience as Development Sponsors with lead responsibility for site selection, entitlements, finance and legal, design, construction management, management and exit. We have signed the guarantees and fought the battles to create, finance, construct and lease the project. Our team understands the critical tasks and the risks. Our team can be a valuable partner to get your project to the closing table and to the end successfully.

Best In Class Industry Recognition

ULI, NMHC, NAHB, NAA

MRC is recognized for its expertise by the leading industry organizations, including ULI [Urban Land Institute], NMHC [National Multifamily Housing Council], NAHB [National Home Builders] and NAA [National Apartment Association]. MRC's founder, Bill Watts, served as a faculty member for ULI for its Multifamily Development, Market Feasibility, and Finance programs and a speaker for NMHC, NAHB, NAA, and other organizations.

Bill Watts - Founder

Market & Project Feasibility and Development

Bill has over 35 years of experience in real estate consulting and development. His work product is nationwide with owners, developers, lenders and municipalities. As a result, he is a recognized leader in this industry that companies rely on for his depth of knowledge, experience, innovation and understanding of all areas of development. Bill's involvement in the underwriting and development of over 175,000+ units and 750+ unique projects nationwide has exposed him to virtually all the challenges a project can experience. With this experience and knowledge, Bill is adept at quickly understanding a project, its market opportunity, risks and challenges and helping to establish a successful plan to succeed.

James Nichols - Construction Lead

Construction Management and Legal Review

James Nichols has over 20 years experience in the real estate development and construction industry and has a wide range of experience in acquisition, entitlement, construction, safety, legal, planning, and land use. He has directly managed construction and development of over 5 Million square feet of projects including commercial, adaptive reuse and remodel projects, new ground-up construction. James obtained a Juris Doctor (Law) from the University of Utah. He is a certified Project Management Professional, maintains OSHA 30 Hour Construction Safety and Health Training, and is a LEED Accredited Professional.

MARKET FEASIBILITY REPORTS

MRC is the leader in Market Feasibility. Required by lenders and investors, Market Feasibility is at the core of the underwriting risk in that it establishes the most basic element required for all real estate investments, which is market opportunity. MRC approaches every project as a unique assignment and situation. We are hands on providing complete review of the project. MRC is not a data aggregator or retailer. We are boots on the ground experts with consultant, equity, lender and sponsor level experience in development backed by over 35 years of successful underwriting nationwide.

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NEW MARKET OPPORTUNITY CONSULTING . DEVELOPMENT OR ACQUISITION

Intelligent planning of a next location for development or acquisition is essential. MRC can work with our clients to identify new opportunities based upon location, product and market analysis that meets the client's platform. The next step is site evaluation where our team can assist in the site analysis including critical factors such as market, site impact (engineering, etc.), entitlements and other cost and or time factors that can impact a decision.

DEVELOPMENT PLANNING & UNDERWRITING

As experienced Developers and Builders, MRC has a deep background in all aspects of the Development Process and can assist in all or specific aspects of the process. Team Assembly Proforma & Financial review Risk Review Capital Formation Process Checklist Best Practice Checklist

CONSTRUCTION ANALYSIS, PLANNING & MANAGEMENT

The MRC Team has deep experience in all aspects of construction. This service offers all levels of construction assistance from planning to actual construction management consulting. The complexity of construction can be overwhelming with so many factors of concern such as contract management, RFI's, submittals, construction review, OAC's, pay-aps and change orders. Contractors hide costs and owner exposure in qualifications and exclusions and unless an owner knows the details of construction, they have no idea what their exposure is. MRC assists clients by identifying potential issues early through red-line reviews and GC contract review, and then staying on top of this process during construction. This service can be tailored to meet the Developer's needs.

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CONTRACTING & BUSINESS RISK ANALYSIS

There is a difference between attorney legal process and business legal process. Overlooked in legal reviews is the practical business application of the GC contract. There are business areas where GC challenges will occur that a contract simply does not address adequately and as a result a Contractor leverages these ambiguities to their benefit. While the Contractor knows that your reading of the contract may be correct, they take advantage of the ambiguities in the language by knowing you have to file a claim to prove it, which due to time and money the owner is not likely to do. As a result, the owner is exposed to unnecessary costs and delays. MRC knows where these battles will occur and how to be prepared for them through a business review of the Contract.

EXISTING OR NEW ASSET CONSULTING

Given MRC's vast experience, our team is routinely asked to consult with challenging assets. These assignments normally focus on new Asset Acquistions, Underperforming Asset evaluations and/or market transition issues. Our team helps to identify key challenges, solutions and paths forward to protect the investment and plan for the future. This includes review of the product, the market and the leasing and management team/execution. MRC has a deep bench of vendor/consultant talent to bring into a project for specialized issues.