K-RML, Inc. is a firm that provides Development Management and Construction Management services to it's clients. Our goal is to provide value added service for our clints by maximizing the value of each dollar spent on real estate and identifying and effectively managing risk.

The company has a client-driven focus to enable it to maintain long term relations with users and owners of real estate. Satisfaction for a job well done is achieved when the company has:

  • Met the client's objectives
  • Has added value in monetary terms, that is in excess of the fees paid to K-RML, Inc.
 
 

Development (Read More)

  • Development Management
  • Development Advisory

Construction Management (Read More)

  • Construction management
  • Scheduling
  • Budgeting
  • Value Engineering
  • Monthly Reporting

Land Development (Read More)

  • Acqusitions
  • Sale / Leasebacks
  • Entitlements
  • Land Valuation

Real Estate Finance (Read More)

  • Real Estate Development Proformas & Feasility Studies
  • Sensitivity Analysis
  • Net Present Valuations
  • Internal Rate of Return Analysis

Contracts (Read More)

  • General Contractor Contract Negotiations
  • Architect Contract Negotiations
  • Tenant Work Letters

Development Investment Management (Read More)

  • Capital Raising
  • Transactions Sourcing
  • Asset Management



Development Manager

Development Management covers all aspects of developing a property, from land acquisition, zoning, entitlements, planning, design, permitting, public hearing process to construction.

These services are contracted for with the client on a menu basis and are generally directly proportional to the time involved in the project. The fees are also measured and checked against a percentage of managed costs.


Development Advisory

Development Advisory services provides clients with real estate development feasibility services for office, industrial, retail and mixed use developments, together with assisting clients for acquisition, disposition or development of real estate assets.

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Construction Management

The company provides its clients with a full range of construction management services. The company adds the most value when its advise is sought at the early stages of the project when flexibility and changes to materials, means, and methods, as well as schedules have the most positive and the least negative impacts to the outcome of the project. Construction Management services range from assisting in the selection and negotiations with general contractors to managing the project with Owner’s representatives.

Fees for Construction management are negotiated with the client and are based on staffing roles with a validation check to make sure the total fee has a market relationship to the cost of construction.


Land Development

For clients wishing to own land or clients who own a portfolio of land, the company can provide advisory service to determine not only the value of the land but also the highest and best use.

For Owner’s who want to retain their land holdings, ground lease analyses are provided by the company to show clients how to generate revenue without disposing of the real asset.

Fees for these services are negotiated with the client and are based on hourly management rates.

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Real Estate Finance

The company provides very detailed real estate asset valuation for clients wishing to purchase or sell real estate. Valuations, are completed for a variety of purposes, including acquisitions, dispositions and debt and equity financings.

For new “ground up” development, the company will provide a comprehensive development proforma from land acquisition, to the entitlement process, design, construction and substantial occupancy.

Sources and uses of funds are matched against time constraints and lending criteria.

The firm provides Sensitivity Analysis to create feasible boundaries for its estimates. All of this is then distilled to let the client know the rate of return on its invested equity.

Net Present Value Analysis is also done to give the client a ranking of alternate real estate
financing investment options.

Fees for these services are negotiated with the client and are based on hourly management rates.


Contracts

The company is very familiar with Construction and Architectural contracts used in the industry and will advise its clients on the various contracts available and assist in the business negotiations relating to the contracts.

Tenant work letters are the agreements reached between clients and the landlord from whom space is being leased. Our firm can advise clients in negotiating these work letters as they may contain provisions different from what the Tenant may have understood was being provided by the Landlord.

Fees for these services are negotiated with the client and generally based on hourly management rates.

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Development Investment Management

The firm seeks opportunities to finance viable development projects in sound markets with experienced development partners. Acting as an intermediary, the three functions that the firm provides are to raise capital, source transactions and manage the development process.

The firm locates land or development projects and then seeks clients with opportunistic equity and partners with them on a fee and residual equity percentage to develop the projects. It then acts as the partnership's development manager. For these services, the firm takes an equity position and a fee for management.

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