Private Asset Management Services

Written By Amy Hatfield

Because of our 20-plus years of experience in family enterprise, and our work helping families develop sound governance and resilient financial infrastructure, we approach private asset management as stewards. Our unit of value isn't assets under management. It's complexity managed.

Private assets create human complexity, but effective processes and a strong operating system create sustainable operating rhythms for our clients.

That's i3's approach to private asset management. Here are the services we offer.

1. Strategic Asset Oversight 

  • Develop and execute the asset's business plan. 

  • Establish annual and multi-year performance objectives. 

  • Evaluate market conditions, competitive properties, and emerging opportunities. 

  • Recommend strategies to enhance asset value and investment returns. 

  • Align property operations with ownership goals. 

2. Financial Performance Management 

  • Review and approve annual budgets and forecasts. 

  • Monitor property-level financial performance against budget and underwriting. 

  • Analyze operating expenses, revenue trends, and net operating income (NOI). 

  • Identify opportunities to increase revenue and reduce expenses. 

  • Review financial statements and key performance indicators (KPIs). 

3. Capital Planning and Improvements 

  • Develop and oversee capital expenditure (CapEx) plans. 

  • Prioritize capital projects based on return on investment and property needs. 

  • Review and approve significant capital expenditures. 

  • Monitor project budgets, timelines, and expected outcomes. 

  • Evaluate asset enhancement and repositioning opportunities. 

4. Property Manager Oversight 

  • Provide strategic direction to property management teams. 

  • Review property manager performance against established objectives. 

  • Approve major operational initiatives and policy changes. 

  • Ensure property managers are implementing approved business plans. 

  • Hold regular asset review meetings with property management. 

5. Leasing and Revenue Strategy 

  • Review leasing performance and occupancy trends. 

  • Approve significant lease transactions or concessions based on delegated authority limits. 

  • Analyze rent growth opportunities and market positioning. 

  • Monitor tenant retention and renewal strategies. 

  • Evaluate marketing and leasing initiatives. 

6. Reporting and Ownership/Advisor Communication 

  • Prepare and present asset performance reports to ownership. 

  • Communicate significant risks, opportunities, and variances. 

  • Provide recommendations regarding asset strategy and investment decisions. 

  • Maintain periodic asset review and portfolio updates. 

7. Risk Management and Compliance 

  • Monitor significant operational, financial, and market risks. 

  • Ensure adequate insurance coverage is maintained. 

  • Review compliance with loan requirements, ownership policies, and major contractual obligations. 

  • Escalate material legal, regulatory, or operational concerns to ownership. 

8. Hold/Sell Analysis and Investment Decisions 

  • Evaluate acquisition, disposition, refinancing, and recapitalization opportunities. 

  • Perform hold-versus-sell analyses. 

  • Develop recommendations regarding asset disposition timing. 

  • Support due diligence activities for acquisitions and sales. 

9. Stakeholder Management 

  • Coordinate with ownership, lenders, investors, legal counsel, and third-party consultants. 

  • Manage relationships with joint venture partners where applicable. 

  • Facilitate decision-making among stakeholders. 

 

Amy Hatfield