Delegar Partners

What We Do

Hands-on expertise across
the full lifecycle of a project

Delegar Partners is not a back-office provider. We are operators — principals who have run institutional real estate companies, managed assets through every credit cycle, and operated from both sides of the table.

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What separates Delegar from advisory-only firms is our experience and ability to execute – negotiating with lenders, restructuring partnerships, and making operating decisions and recommendations – not just producing reports about them. When you engage Delegar, you get senior principals doing the work.

Pillar 01
Asset & Portfolio Management — Hands-On Execution
Active operations  ·  NOI improvement  ·  Lender and Partner relations
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We do the work that protects and grows asset value, whether the portfolio is performing, underperforming, or in distress. This is not oversight from a spreadsheet. Our principals take direct operational control — attending property management meetings, driving leasing strategy, and holding management accountable to budget.

Property-Level Execution
  • Revenue optimization — rent survey, loss-to-lease analysis
  • Leasing strategy & occupancy recovery
  • Capital expenditure prioritization & project management
  • Property management evaluation, oversight & replacement
  • Tenant, lender & partner relations — direct engagement
Portfolio-Level Oversight
  • Portfolio NOI improvement — Revenue and expense review
  • Operational risk identification & mitigation
  • Asset-by-asset hold, recapitalize, or sell strategy
  • Monthly senior leadership reporting & KPI tracking
  • Insurance program optimization (master policy conversion)
  • Lender covenant compliance monitoring
Distinction
Our asset management is principal led. Senior Delegar professionals — not junior analysts — engage directly with property managers, attend site visits, and make operational recommendations. We run the asset, not just a dashboard.

We serve as the operating partner when situations go wrong — developing the restructuring strategy, negotiating directly with lenders and special servicers, and managing the asset through to a defined resolution. Our track record includes arranging rescue equity and completing stalled projects, delivered stabilized to all stakeholders.

Workout & Restructuring
  • Rescue equity sourcing & capital stack restructuring
  • Loan modification & forbearance negotiation
  • Deed-in-lieu & short sale advisory
  • CMBS special servicer liaison
  • Receivership & REO asset management
  • Partner & JV dispute resolution
Distressed Development
  • Construction stoppage assessment & restart
  • Cost-to-complete forensic analysis
  • Contractor replacement & performance management
  • Construction draw management & lender reporting
  • Completion guaranty advisory
  • Stabilization strategy post-completion
Representative
Arranged rescue equity, restructured the capital stack, and managed completion of a stalled $75M luxury multifamily development — delivered stabilized to lenders and investors.

With over $5 billion in financings negotiated across traditional debt, joint venture, private placement, and off-balance-sheet structures, our capital markets bench is institutional-grade. We produce the financial analysis and lender-ready reporting that moves acquisition and financing proposals forward — and we source the capital, negotiate terms, and administer the closing.

Capital & Transactions
  • Feasibility, underwriting & investment memo preparation
  • Full due diligence management
  • Capital sourcing — debt & equity
  • Joint venture structuring
  • Capital market relationships & deal structuring
  • JV formation, restructuring & new partner sourcing
  • Note sale & portfolio disposition advisory
Financial Reporting & Analysis
  • Property & corporate cash flow modeling
  • Budget variance & cost-to-complete analysis
  • Lender and partner reporting packages & covenant compliance
  • Corporate reporting
  • Joint venture & investor reporting
  • General ledger maintenance & financial statements
  • Tax and audit preparation
Track record
Principals have negotiated over $5B in corporate and project financing, including forming and capitalizing a privately owned apartment REIT comprising 90,000 apartments.

Development projects fail — budgets drift, contractors underperform, and lenders lose confidence. Delegar provides active, senior-level oversight of ground-up and value-add construction projects, from pre-development feasibility through certificate of occupancy. We have managed projects from $20M to over $100M and know exactly where the risk hides.

Project Execution & Controls
  • Owner's representative — active site oversight & GC accountability
  • Budget management & variance tracking against pro forma
  • Construction draw review, approval & lender submission
  • Schedule monitoring — milestone tracking & delay mitigation
  • Subcontractor & vendor performance management
  • Change order review, negotiation & cost containment
Distressed & Stalled Projects
  • Cost-to-complete analysis & independent validation
  • GC replacement — contractor sourcing, vetting & transition
  • Project restart strategy & lender re-engagement
  • Completion guaranty advisory & risk assessment
  • Pre-development feasibility & entitlement oversight
  • Stabilization strategy & lease-up planning post-completion
Track record
Principals have provided financial management and oversight for ground-up construction across residential and commercial projects ranging from $20M to $100M+, including managing project restart and completion of a $75M stalled luxury development.

$10B+

Real Estate Acquired & Managed

100K+

Residential Units Developed

$5B+

Financings Negotiated

8M

SF Commercial Space

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