Expertise
Government
Garfield Traub provides innovative solutions for essential municipal facilities, K-12/Higher Education and Healthcare campuses via single-source “turnkey” development and financial leadership.
Our team of principals have completed public and P3 facilities valued at more than $1 billion across the nation.
Essential facilities include courthouses, city halls, public safety facilities, municipal office buildings, K–12 schools, sports and entertainment venues, conference centers, convention centers and headquarters hotels, among many others.
Financing is accomplished through a variety of creative mechanisms, including but not limited to off-balance sheet lease-purchase structures and non-recourse revenue bond financing.
Hospitality
The hospitality experience of Garfield Traub and its executives includes the development, financing, operating, or asset management of more than 40 hotels and resorts. Garfield Traub has unmatched hospitality financing capabilities and resources for both privately and publicly owned hospitality properties.
In today’s difficult capital markets climate for hotel finance, choosing a hotel developer with financing expertise and deep capital markets resources is critical to achieving project success. As experienced hotel developers with an unparalleled background in both public sector and private sector finance, we have a national reputation for engineering creative structures to overcome impediments to hospitality developments.
Our firm provides a “turnkey” package of development services for the delivery of hospitality properties, including site identification, acquisition and entitlement, negotiation of documents and agreements, structuring and implementation of the financing, active participation in and oversight of design and construction, pre-opening planning, budgeting and purchasing of furniture fixtures and equipment (FFE), operating supplies and equipment (OSE) and information technology (IT).
Garfield Traub also provides asset management services required to oversee operations and ensure operator adherence to the standards of the operating agreement. Our leadership also extends to directing efforts of and collaborating with attorneys and hotel and convention consultants as required by each assignment.
Education
Garfield Traub provides turnkey development services to private and public colleges and universities and community colleges for the efficient delivery of essential facilities. Our innovative solutions can speed the delivery of student housing, garages, administrative office space, health centers, student unions, arenas and convocation centers, and conference centers and on-campus hotels, among other facilities.
In today’s challenging budget environment, both public and private colleges and universities are searching for ways to deliver essential facilities in the face of severe financial constraints. Higher education institutions are increasingly looking to the private sector to offer solutions. By creating private/public partnerships we enable institutions to enjoy the benefits of ownership while minimizing the impact on their balance sheet, credit rating, and bonding capacity.
Garfield Traub’s innovative approach to facility development can enable universities to implement their master plans, in many cases, years ahead of their current capital budgets. By finding alternative solutions to the delivery of these facilities we allow universities to retain their limited capital budgets for the delivery of their core educational facilities of libraries, classrooms and laboratories. Financing may be accomplished through a variety of mechanisms, including but not limited to off–balance sheet lease–purchase financing.
Entertainment
Garfield Traub’s Sports and Entertainment Program provides for the delivery and operation of concert halls, performing arts theaters, events centers, nightclubs, casinos, as well as arenas, stadiums, and baseball parks for professional, minor league and college and university sports teams.
Our principals have also developed a number of award-winning golf courses from coast-to-coast. With nearly $200 million of sports and entertainment venues under development from California to North Carolina, Garfield Traub provides “turnkey” services, from concept development and feasibility analysis through design, financing, construction, pre-opening staffing and marketing, operations and post-opening asset management.
Healthcare
Garfield Traub provides turnkey development services to not-for-profit, community, and public hospitals for the efficient delivery of essential healthcare facilities. Unlike private developers who build hospital facilities to retain ownership and operations for their own account, Garfield Traub offers a solution that enables healthcare institutions to enjoy the financial benefits of ownership, while minimizing the impact on their balance sheet, credit rating, and bonding capacity.
Our innovative approach to facility development can enable hospitals to implement their master plans, in many cases, years ahead of what their current capital budgets would allow. Our innovative solutions can speed the delivery of garages, administrative office space, ambulatory care facilities, conference centers, and power supply infrastructure. By finding alternative solutions to the delivery of these facilities we allow hospitals to retain their limited capital budgets for the delivery of their core healthcare facilities of bed towers, operating rooms, and laboratories.
Garfield Traub has shown hospitals that its development approach can provide a lease rate for a facility that is approximately 30 percent below that which a private developer would have to charge for the same size and quality facility. Equally important, throughout the process the hospital retains control of the design, construction, and operations of the facility, and upon the retirement of the debt, ownership transfers fully to the hospital.
Parking
Garfield Traub and its principals have developed, financed and operated thousands of spaces of structured and surface parking valued at more than $250 million from coast-to-coast. Turnkey services that are provided include parking feasibility analysis, site identification and acquisition, design and engineering, financing, construction and operations.
Our relationships include the leading national parking consultants, engineers and operators. Financing options range from private ownership and operation to nonprofit ownership and tax–exempt financing for qualifying clients. Financing may be accomplished through a variety of mechanisms, including but not limited to off-balance sheet lease-purchase financing or parking revenue bonds.