Our Workflow

Flow of Projects

Through a broad and dense network to Real Estate broker firms, banks, users of Real Estate (retail chains, home builders...), and through own research into land usage trends in areas where Jupiter has conducted business already, the company has a constant flow of project opportunities.

Preselection

Project opportunities are scanned according to states, counties and cities, which, according to Jupiter's internal analysis, should experience a rebound / further growth of economic and construction activity. Particularly important are data on demographic development, local areas of growth, intentions of city boards, development needs in traffic infrastructure, implementation of magnets for the general public (shopping malls, points of interest, etc.), research centres, airports etc.

Detailed Analysis

Projects retained for deeper analysis are analysed with data of the micro positioning, with deeper view into rental income, rent expiration dates (if any), past development of the project etc. Jupiter will conduct background checks at that stage.

Profound Analysis and Negotiation

If the results of the preceding analytics are positive, Jupiter will enter the negotiation phase. If this leads to a basic agreement also on purchase price and conditions, Jupiter will sign a "Letter of Intent", starting work on the purchase contract. At this point in time, Jupiter would want to have the financing Joint Venture Partner at its side, being comfortable with the project and starting to give input.

Purchase Contract and Due Diligence

Some 3-4 weeks later the purchase contract is signed, which has the satisfactory completion of a due diligence as precondition. While Jupiter and maybe external experts work on the detailed analysis of all legal, planning and engineering information pertaining to the property, the Joint Venture Partner is fully informed about the progress and findings. It is important to value findings together to include the Partner's view concerning the project. At the same time Jupiter is working on finding debt financing partners (most importantly local banks) to provide the leverage part of the project, if required.

Closing

Only if all participants are satisfied with the results of the due diligence phase will closing on the property take place. Ownership of the property is transferred to the Jupiter Special Purpose Limited Partnership according to the pre-discussed ownership schedule between the Joint Venture Partner(s) and Jupiter and its principals. Budgeting and Reporting Together with the Joint Venture Partners a budget is developed and agreed that serves as the guideline for the implementation of the steps necessary to the development of the property.

Decisions in the Joint Venture

Important decisions in the Joint Venture company are prepared by Jupiter either from their own findings or according to the wish of the Joint Venture Partner(s). In nearly all cases the Joint Venture Partner(s) hold the majority vote and can determine how decisions are taken. This is why Jupiter advocates always having fewer rather than more parties involved as Joint Venture Partner(s) so that the partners come to a clear decision more easily.