Carrick partners with some of the biggest and most respected industry players in the world to ensure your property portfolios are being managed to ensure the best possible outcome.
More than ever, in the current challenging financial landscape, investors want reassurance. “You want to know that you have chosen the right investments, that your portfolio is in good hands and, importantly, that you are dealing with someone who is committed to the profitability and stability of your investment,” says Anthony Palmer, Group Commercial Director at Carrick and member of the Carrick Property Investment Committee.
What does the Carrick Property Investment Committee do?
In a nutshell, the Committee interrogates the property developments to ensure they meet the extremely high standards that Carrick has set. The Committee has four members: Anthony Palmer, Group Commercial Director; Rashay Makan, Director of Operations; Bradd Bendall, Director of Sales; and Mike Fannin, Co-Founder and Non-Executive Director.
The Committee puts all property transactions and developments through a vigorous vetting process to ensure clients aren’t exposing themselves to any undue risk. Members meet monthly to access new deals in the pipeline and to review the relative and absolute performance of approved developments to ensure they are in line with their respective mandates.
“While our criteria are not cast in stone, we believe that this approval process is vital to ensure our client’s return expectations are met and that their risk is appropriately managed. Areas of interrogation include:
- Experience, depth, and breadth of a property developers management team
- Performance of prior projects and reputation in the market
- Length of time in business
- Balance sheet strength
- Fees charged
- Internal controls and risk management systems
- Mortgage partners
- After sales service
- Property management expertise
“Essentially, what we do is an exercise in complete transparency for all concerned,” explains Palmer. “Since the process is so rigorous, we are able to give our clients the well-researched information they need to make sound decisions and to build a safe, profitable property portfolio”.
