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The
Gannon Realty Group is a collection of companies, partnerships and
limited liability companies engaged exclusively in the development,
management and ownership of realty investments for the principals of
Gannon International and its affiliated entities, as well as selected
partners. While members of The Gannon Pacific Group develop realty
investments abroad, The Gannon Realty Group focus is solely upon the
United States market, primarily in multi-family rental communities. Management
services for The Gannon Realty Group Properties are provided by The
Gannon Management Company of Florida and The Gannon Management Group
of Missouri (collectively, “Gannon Management”). Collectively,
The Gannon Realty Group members provide the entire range of services
and expertise necessary for the acquisition, development and
management of realty investments. Click
here to view the Florida Portfolio. The
Gannon Development Company
The
Gannon Development Company (“Gannon Development”) has an
established system in place, with the team to manage this system, for
identifyin This
core team, in conjunction with an extensive network of brokers,
lenders and other professionals, is able to identify, analyze,
negotiate, acquire and design/build or renovate such properties. Lease
up and management is then entrusted to Gannon Management. Beginning in the year 2001, Gannon, through its affiliates, has embarked upon a substantial repositioning of its multi-family portfolio acquiring numerous quality, newer developments in Missouri, central Florida, and southern Florida and selectively selling older properties so as to modernize the portfolio. New
Construction Realty Development The
design and construction of multi-family residential developments
requires a great degree of experience and knowledge to correctly
balance the many divergent considerations. Decisions made on the
drawing board, and in the field by the contractor, will have long
lasting impact upon the performance of the facility, often determining
its fate.
Value
Added Realty Development Gannon
Development is considered a premier organization for "value
added" realty development. The Gannon Development organization
has a well documented capacity for analyzing an existing facility,
determining the extent to which financial performance can be enhanced,
determining the costs and resources necessary for such enhanced
performance and then achieving this enhanced value. There
are numerous examples of this value added capacity.
The
Gannon Development Company Team While
the Gannon Development team relies upon a cadre of third party
professionals and organizations, the principal officers of Gannon
Development are:
The
Gannon Management Companies
Gannon
Management, first formed in 1983, provides all of the services (often
in conjunction with its affiliated companies) necessary for the
maximization of performance and the preservation of the realty assets
of the constituent members of The Gannon Realty Group. It
is an intense, "hands-on" management team, keenly aware of
and constantly looking for opportunities to enhance the resident base
and to improve the Gannon
Management has one focus, the assets entrusted to it. It recognizes
that a commitment of capital to real estate must be constantly
measured against the cost/benefit ratios of other investment
opportunities. Gannon
Management takes great pride in continually demonstrating the wisdom
and benefit of entrusting capital with The Gannon Realty Group. The
Gannon Management Team The
continual enhancement of a realty portfolio requires a spirited,
coordinated team. While the Gannon Management team is in excess of 140
strong, the principal officers and supervisory personnel within the
respective Gannon management companies are:
The
Gannon Realty Group Capability Statement
The
collective capabilities of The Gannon Realty Group create a powerful
force, permitting the realization of substantive commercial objectives
at a remarkable yet efficient pace and with highly attractive yields. These
capabilities include:
This
"all inclusive" approach affords The Gannon Realty Group
tremendous advantages, permitting immediate, prudent response to any
issue or opportunity and the capacity to maximize yields upon all
realty assets. |
g and developing, either through new construction or the
value added acquisition of existing
these decisions.
The design and construction of a facility by Gannon Development
includes, in addition to its engineers, contractors and investment
bankers, the participation of both the marketing and maintenance
supervisory personnel of Gannon Management. Every single material and
design feature is considered from the perspective of cost to
construct, cost to maintain and impact upon marketing. 
ti-family community for
$7,900,000, infused $9,500,000 in further capital for extensive
renovation and additional amenities, and resold the facility after
lease up thirty months later for $22,000,000. The internal rate of
return upon equity funds for this project was 30.2%.
marketability and performance of the asset. It
strives through 
