Delta Commercial Group is an enabler of the development of commercial real estate. Pursuant to this mission, we offer the following services.

Market Research

A significant component of Delta’s market research is preparation of the tenant leasing plan. The foundation for Delta’s tenant leasing plan is created through the company’s extensive database of retailers and corresponding “location maps” within all of the trade areas Delta serves. Utilizing these resources, Delta is able to identify major retailers that would be appropriate to stabilize the project. Delta also prepares a current study of competitive shopping centers in the trade area to determine appropriate rent levels for the project and to fine-tune the tenant leasing plan with respect to junior anchors, in-line shop tenants and out-parcel pad users. In certain situations, it might be necessary for Delta to prepare a demographic study of the trade area to include housing and population growth estimates.

Layout and Design

Delta prepares CAD site plans for all new projects. The preliminary site plan is a reflection of the information Delta gathers during its market research of the trade area, which includes identification of anchor tenant prospects and the type of retailers that might compliment those anchor tenant prospects. The site plan typically goes through many changes during the early stages as more detailed information is gathered concerning engineering issues and entitlement considerations. As “due diligence” questions are satisfied, the project engineer and architect assume responsibility for detailing the site plan and other project drawings.

Proforma Statements

Delta prepares comprehensive proforma statements and investment analysis reports for each project. These documents (which ultimately become the project’s P&L Statement) evolve throughout the development cycle. The statements and reports begin as financial “estimates and projections,” but they become more crystallized as architectural and engineering issues associated with the site plan are fine-tuned and Delta’s market research data is substantiated through a vigorous tenant leasing campaign. The architect, engineer and construction manager supplies detailed estimates of the building and construction costs, and the project manager provides supporting data on all indirect development costs. The proforma statements become the life blood of the project throughout the due diligence phase as hard decisions are made regarding the project's viability.  

Project Financing

The proforma statements are simply a pricing detail of the site plan layout & design … and the site plan layout & design is a reflection of the detailed tenant plan. Together, these three critical components of the project business plan serve as the basis for all project financing considerations. Through this effort, Delta will be able to determine the amount of equity capital necessary for the project and the amount of construction financing that will be required to take the project vertical. And, of course, the proforma statements will also include detailed analysis of various investment returns which will accrue to the owners at project stabilization and the cashflow to be expected after recording a permanent loan on the completed project.