As a facility's life-cycle comes to an end owners and operators must make critical decisions regarding capital improvements; refurbishments, renovations or expansions. Marathon's approach considers a broad life-cycle perspective where cost, investor expectations, building function and flexibility, security, occupant productivity and health, environmental and social impacts are considered collectively.
These benefits include a potential revenue stream increase as well as any program or staffing changes in the creation of a new pro forma of income and expense. This approach creates a financial feasibility study where project refurbishment, renovations or expansion costs are weighed against the potential creation in project value, cash flow, increased management fee and financing alternatives.