We do it all under one roof!
Finance + Accounting
Our finance and accounting department, led by the CFO, is intimately involved in each phase of our projects. Finance works with operations and construction as initial proformas are created to determine financial viability. Once a project enters development stage, lengthy packages including market studies and budgets are assembled and provided to financial institutions to acquire construction financing. Our in-house accounting teams manage the payments to all sub-contractors and coordinate construction draws with the banks that we partner with.
As projects are completed, we enter a phase of obtaining permanent financing or package to sell, both rigorous and intense in terms of hours from the department in providing all documents and financial statements needed for a seamless transition. The assets that remain in the portfolio have ongoing management where accounting works directly with our operation partner to create budgets, prepare financial statements, and see that AR and AP are all up to date. Refinancing, investor relations and overall company strength is also all monitored and managed under this umbrella.
Architecture + Drafting
Gallaher Companies has a resident architecture and drafting team. All plans are generated in house. After the architectural style of the structure is decided upon the plans go to drafting to be detailed. Drafters need to understand state and local building codes and also be familiar with the specific parameters of a Gallaher project. They take the company vision and translate it into construction details that enable it to be built. They need to be able to work in two dimensions and envision three. How will a room of a certain size, with a specific ceiling height, and windows of various sizes and locations feel and function when built?
Drafters also work with various outside professionals: electrical engineers and structural engineers in addition to the internal design department to execute the detailed plans that will be sent to the field to be built. The entire team is needed to create plans that are aesthetically pleasing, functional, structurally sound, and with every detail noted for the construction team in the field.
A project begins with a piece of vacant land or just as often a piece of land that holds obsolete structures that need to be demolished. The identification of sites for future projects is a specialty that involves input from several departments but starts with the person or team who is out looking for land appropriate for different Gallaher products. These include multifamily housing, Senior Living communities and occasionally midsize shopping and retail centers.
There is a myriad of factors that have to be considered. Parcel size, cost, zoning and surrounding features and demographics are all critical elements. Assuming all the preceding elements are favorable and a purchase contract is enacted, the entitlement and permit process (often years long) begins. This involves meetings with the government agencies that regulate project development and meeting their various demands, all of which have to be satisfied before groundbreaking can occur. Discussion with and presentations to planning commission and city council, along with hosting neighborhood meetings are all common steps in the process. Parking requirements, environmental impacts, tree removal and mitigation and traffic impacts are all addressed.
An experienced and successful project manager works independently, has excellent communication and social skills and expertise regarding zoning law and familiarity with the specific project requirements.