Unlocking $57M in value across a legacy office development

Leading executive leadership to next-generation investment strategy

An owner/operator with a 25+ MM square foot portfolio of office assets distributed over a variety of sunbelt markets, was realizing average performance and returns. Their goal was to unlock the Company’s intrinsic value but had been unsuccessful.  Adaptiv helped to underwrite the offering and facilitate a divestiture to an offshore private equity firm achieving stakeholder objectives.

A principal of Adaptiv consulted alongside client executive team on brand positioning and growth strategy during a unique recapitalization moment for the business.  Adaptiv was central to reorienting the business ahead of major fundraising efforts and developing key growth strategies for both the supply and demand segments of the client's business.

Adaptiv was selected by the WaaS operator with the largest Series A round in history and who was recognized nationally as “one to watch” by Bisnow, CBRE and Reuters, to lead the program development and management of its US expansion.  The Adaptiv team led all facets of the expansion process from market analyses and comparisons, to on-the-ground surveying, to coordination with operator's design team, and designing and negotiating a combination of traditional leases, revenue shares and management agreements that best aligned with operator's financial position. The results of the work expanded their portfolio into 500k square feet across 16 new MSA's and advised on the tiered product solutions for asset owners, enterprise companies, and businesses of all sizes.

Adaptiv worked with an offshore-based WaaS operator seeking to expand its presence in North American markets. A variety of key MSAs were evaluated and underwritten, eventually baking out the deployment plan for key first, second and third phase markets, and target assets/owner relationships located in each market that would best serve their strategic objectives. The work informed expansion strategy currently underway by the client.

This profitable operator sought to divest its operations levering traditional investment banking channels. Adaptiv was able to redevelop the market positioning and narrative, bringing in new interested merger and potential buyers. This work led to a successful divestiture to an operator seeking to expand its footprint in the US. This transaction unlocked maximum value for shareholders.