At Edge Development Partners we have a remarkable track record of success, in a wide variety of projects, from launching new developments to overcoming deficiencies at existing properties. Here are just a few examples of the type of results we achieve:
success stories
- Acting as General partner we purchased, redeveloped and expanded a 40,000 SF retail center in Houston – raising rates more than 40%, increasing occupancy to 100%, and generating over a 40% return for investors.
- Retained by McCord Development. Leased more than 500,000 SF of vacant space in less than 15 months. Assumed full responsibility of leasing McCord’s two Downtown Houston redevelopment projects with over 1,100,000 SF of high-rise office space. Responsibilities included all showings, lease negotiations, construction reviews with Construction Manager, developing marketing materials with Director of Marketing, developing pro formas, lease budgets and performing presentations to financial partners.
- Developed and implemented a new leasing strategy for a 90,000 SF building in Houston, Texas, which was losing its major tenant of 53,000 SF in November. Between March and November, we negotiated and executed new leases totaling more than 65,000 SF. This brought the occupancy level from 30% to over 90% prior to the major tenant vacating;
- Represented a Receivership on a 500,000 SF building in Austin’s Central Business district. Stabilized building by renegotiating over 38 leases for a total of 350,000 SF. Expanded and relocated more than 25% of tenants without any capital contributions. Collected more than 1.5 million in unpaid rent.
"I put my trust in Rich Endres to handle a very difficult situation with a large office portfolio in Downtown Austin, which had gone into a receivership. Rich’s creativity allowed him to keep most of the tenants, collect over $1.5 million in back rent, build-out new spaces for tenants that needed to expand, develop build-outs for new tenants, and pay brokers when we had no funds. If I ever had to deal with a difficult situation like this again, I know of no person who could handle it as well as Rich."
"As an equity investor, my portfolio has benefitted greatly from Rich Endres’ ability to acquire property at the right price, create value, and manage and mitigate financial risk."
"We bet on Rich to lease our Downtown Houston portfolio where we had been unsuccessful in the past. After retaining Rich’s services, his creativity and contacts allowed us to lease over 500,000 square feet in less than 15 months."
"We partnered with Rich to redevelop this project. Acting as the General Contractor, his expertise and contacts in design, construction and leasing allowed us to redevelop the project, retain and expand the existing tenant base and increase rents over 40%. This has produced over a 40% return to our investors."
"Joint venturing with Rich has provided us a more professional way to approach the medical profession, allowing us to expand our project by over 100%."
"In these times, the financial problems globally are so great that you really only want to deal and invest with someone who has integrity. And that’s personified by Rich Endres. He has an integrity and character that I respect and admire."
"We retained Rich to review a building we purchased through an acquisition, and found out that all the leases were expiring within 90 days. Rich took charge of the Leasing and Management of the building, overseeing all operations. Within six months Rich stabilized the building, suggested upgrades which we implemented, and re-leased 90% of the vacant space."
"Rich is creative, energetic, methodical, and not afraid to get in the weeds of his client's property needs to develop well thought out solutions. Rich is the guy you want on your side of the table."