Construction and Real Estate Advisors
Our Services
Owner Representation
Lacy & Company is one of Kansas City's most experienced providers of Owner Representation Services, having assisted clients with over $1 Billion in construction
Owner Representation is often referred to as Program Management or Development Management. It is the comprehensive oversight of a development or construction project on the Owner's behalf. Hiring an effective Owner's Representative saves the Owner time
and money, and results in a higher quality, more functional, and more efficient building.
Lacy & Company's Owner Representation services generally encompass the following:
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Site development, zoning, and permit approvals
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Budget, program, schedule compliance Rockhurst University-Sedgwick Hall
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Project organization/ decision-making 2019-2022
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Financing support
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Contract negotiation
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Management of activities of architect, general contractor, engineers, and consultants
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Invoice approvals/ project accounting/ cash flow projections
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Change order management
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Recommendations during planning, design and construction to add value
Lacy & Company can also help with feasibility studies, RFQ/RFP selection processes, furniture and equipment procurement, operating cost projections, board presentations, development incentive assistance, LEED certification, or other individual services that may be desired. Projects we manage for clients are highly organized and are completed on time and within budget. We add significant value, especially when retained early during initial planning. Savings are generally realized by the Owner significantly in excess of our fees.
Your organization has done much to expedite the progress of each project by bringing to bear on each owner, designer and contractor the need to make timely decisions if a schedule is to be maintained. It has also been apparent to me that your company is very knowledgeable about the construction process, as contrasted to many owners when this is a first-time process
— William H. Dunn, Sr.
Chairman Emeritus, JE Dunn Construction
Construction Loan Monitoring
Since 2006, Lacy & Company has been providing third party Construction Loan Monitoring services to Kansas City area banks and lenders. These services include the following key components:
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Pre-Construction Project Review
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Site Visits/ Photo Documentation of Construction
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Verification of Contract Documentation/Change Orders
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Evaluation of Work in Place/ Percentage Complete
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Conditional/ Unconditional Lien Release Tracking
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Construction Schedule Evaluation
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Review of Contractor's Applications for Payment and supporting documentation
Each month during construction, Lacy & Company prepares a thorough written report to the bank describing our findings and listing any discrepancies that should be resolved prior to the release of funds. Our reports are completed in a timely and professional manner, and our services are cost efficient.
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Consulting
Consulting services related to real estate, development, construction, and financing are provided on a fee for
service basis. We have provided consulting services for sophisticated clients and specialize in challenging
assignments:
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Land use / zoning
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Strategic master planning
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Troubleshooting building problems
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RFP's for Developers, Architects, Contractors
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Real estate pre-purchase due diligence
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Feasibility analysis for construction
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Distressed property solutions
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Permanent / construction financing assistance
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Tax increment financing/ compliance reporting
Real Estate Brokerage
Lacy & Company represents clients in buying and selling all types of investment real estate. We have also represented both landlords and tenants in lease transactions. Through market analysis, financial modeling, and risk assessment, we provide our clients with the tools needed to make informed decisions. We are skilled at negotiating the best value for our clients and handle every detail in the transaction.
Peter Lacy has been a licensed real estate broker in Kansas and Missouri since 1993.
