![]() Now, as Dilworth reminds, they’re practically necessities for premium rents. A new entrance, exterior cladding, smooth stucco, LED lighting, energy-efficient windows, and low-flow plumbing fixtures will give new life to this dwelling, as will a host of amenities that will enhance its appeal to the all-important young demographic.ĭog parks, fitness centers, barbecue grills, common space, plank flooring and granite countertops weren’t big concerns a few decades ago. In North Hollywood, California, there’s a Japanese client who has entrusted Cirrus to help adapt his property and liven up another tired old apartment building. “Or they weren’t able to adapt to changing times.” “Most of our work is deferred maintenance that our investors buy from mom-and-pop operators who didn’t manage their buildings very well,” says Dilworth, who joined the company in June 2015. It’s an ideal partnership, Dilworth says of Cirrus and Seacore. When repairs are complete, the entire roof system-not just the repairs-is warranted for up to seven years for both labor and material. Seacore’s tools-among them infrared cameras and laboratory facilities-accurately diagnose the remaining lifespan of almost any roof system, and target failing segments while leaving satisfactory sections intact. Its vendors include the San Clemente-based Seacore Industrial Inc., whose specialties include low-cost fiber emulsion coatings ideal for roofs that may be in fair condition but past their useful life. The company also manages projects and buildings for institutional and private owners as well as syndicated partnerships in Colorado, Washington, Wyoming and Utah, and expects to enlarge its footprint. There’s a benefit to being a value-add specialist, he likes to say, and there seems no shortage of such projects that Cirrus can invest in in its strongholds of California, Texas and Hawaii. It’s the kind of construction Dilworth seems to enjoy most, the before-and-after look offering tangible proof of Cirrus’ capabilities as an innovative property manager on the residential and commercial front. “But they’ll be the ones who will really appreciate what we’ve done.” An afterglow “The most challenging part of the operation is maintaining the property’s cash flow, and that means being respectful of the tenants,” Dilworth says. As for the tenants who are staying in place, Cirrus has been mitigating their inconveniences, covering and sometimes washing their cars when construction kicks up too much dust. Inside, the seven-story elevator is being updated and the 32 residential units renovated, the pace picked up when tenants depart. Faux wood cladding, a new paint scheme and modern windows on all four sides will make this look like new construction. ![]() Now past its midpoint, the renovation includes a new exterior that will better fend off the elements, maximize energy efficiency and be aesthetically pleasing to boot. “Just a couple emails and we’ve got the go-ahead on some cool projects that other companies might hesitate to take on.” “No big board of directors you have to deal with here,” the friendly Dilworth tells Blueprint late last year. The firm increased its portfolio allocation in CRUS by 7.44% over the last quarter.Gabriel Dilworth | Director of Construction ManagementĪn exterior and interior overhaul was long overdue, and with Dilworth in charge of construction management for the new owner-Los Angeles-based Cirrus Asset Management Inc.-the process that commenced in September 2019 has been proceeding as efficiently as possible. In it's prior filing, the firm reported owning 1,972K shares, representing an increase of 5.14%. Wellington Management Group Llp holds 2,079K shares representing 3.76% ownership of the company. The firm increased its portfolio allocation in CRUS by 8.26% over the last quarter. In it's prior filing, the firm reported owning 2,891K shares, representing a decrease of 17.88%. Mackenzie Financial holds 2,453K shares representing 4.44% ownership of the company. The put/call ratio of CRUS is 0.41, indicating a bullish outlook. Total shares owned by institutions decreased in the last three months by 0.20% to 56,883K shares. Average portfolio weight of all funds dedicated to CRUS is 0.20%, an increase of 18.49%. This is an increase of 50 owner(s) or 6.54% in the last quarter. There are 814 funds or institutions reporting positions in Cirrus Logic. The projected annual non-GAAP EPS is 6.57. The projected annual revenue for Cirrus Logic is 1,983MM, a decrease of 1.58%. See our leaderboard of companies with the largest price target upside.
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