Bussiness Lines

Real Estate Revitalization Business

An

ARDEPRO purchases an used condominiums building or company housing structure, or a large number of units within a particular building. After renovation work, we sell the buildings or units to either individuals who will live there or to investors.
The structure is divided into separately owned units as necessary after completing an exhaustive due-diligence process.
After adding value through renovations, the establishment of a management association and other actions, we sell the property to complete the revitalization process.
In addition, ARDEPRO sells condominium units at new and existing buildings.


The used condominiums revitalization process

Information on available properties Evaluation of asset value
 
  • Many sources of information
    ARDEPRO has a nationwide network of 3 locations, including the head office, that gather information on available properties. This makes possible the timely procurement of properties in a manner that is closely linked to regional markets.
    The business domain includes commercial buildings, hotels and other types of buildings as well as investments in real estate development projects.

  • Thorough asset value appraisal
    ARDEPRO takes full advantage of its extensive know-how to determine an accurate asset value of a property. The appraisal process includes due diligence along with thorough legal studies and examinations of the building and its facilities.
    We obtain an engineering report to verify resistance to earthquakes and compliance with other laws and regulations.


Purchase and Addition of Value Quick sales
 
  • Creation of value

    ARDEPRO purchases only properties that meet its standards, based on the results of the asset evaluation process.

    To add value, we first perform a thorough examination of the building and the building facilities. Next, improvements are made to residential units and other private spaces as well as to common areas as needed. We can also perform registration procedures to divide ownership of a building, prepare for the establishment of management associations and provide other services. Through these actions, we extract the full potential asset value of each property.


  • A choice of exit strategies

    ARDEPRO moves much faster than its competitors. Typically, the time from a property's acquisition to its sale is less than four months. By comparison, the industry average is between 18 and 36 months.

    We started using the Internet to sell properties in the fiscal year that ended in July 2006. This step expanded the scope of the company's revitalization operations. Furthermore, we have been purchasing many properties that conform to the old earthquake resistance standards for the purpose of developing new buildings. With the option of selling properties either to future residents or to investors, ARDEPRO can hold its inventories to virtually nothing.


A Typical Project