President and Principal
Michael Hankins, CCIM is the President and Principal of Hankins Development. As an honors graduate of Tulane's AB Freeman School of Business, Mr. Hankins has been involved in real estate development, financing, and investing for almost 15 years.
His experience includes development of single tenant retail buildings as well as anchored and unanchored multi-tenant strip centers, medical office space, government leases, multifamily housing, and raw land development across the Gulf South from Texas to Florida.
Mr. Hankins has been involved in the acquisition, financing, and development of over $100 million dollars of real estate projects. A partial list of tenants and clients include, Dollar General, Family Dollar, Starbucks, Vitamin Shoppe, Eyemart Express, Newk's Eatery, O'Reilly Auto Parts, Hibbett Sports, AT&T, The Cash Store, Sanders Pediatric Dentistry, The Pediatric Center of SWLA, Volunteers of America, and the General Service Administration.
Garrett Carter joined Hankins Development in 2015 and is a graduate of McNeese State University in Lake Charles. He completed his Bachelor's in Business Management and his Master's in Business Administration. Garrett is a Certified Lean Six Sigma Green Belt and has extensive knowledge and experience in the hospitality industry focusing on operations, process improvement, and financial analytics.
At Hankins Development, Garrett is responsible for preliminary real estate assessment, project feasibility and site acquisition. Garrett has worked with various national retailers to bring company projects to reality.
Hankins Development can research and locate sites for your development and then analyze factors including infrastructure, demographic, traffic, and factors to compare all potential sites. This process allows owners to understand not only what the strengths and weaknesses are of each site, but to also compare sites based off of these elements and compare the costs to come up with a solution that is best for the project.
Hankins Development is experienced in handling all aspects of permitting and design during the preconstruction process. This includes obtaining architectural/engineering plans, adhering to municipal and state property restrictions, obtaining all necessary licenses, approvals and permits to begin construction. Every municipality and state has different standards and requirements that will affect your design and the process to get a building permit. Hankins Development specializes in navigating this process through any market.
Your project is complete and you now have a successful commercial property to your name. What's next? Should you sell it and put your money back to work? Should you hang onto it for the cash flow it provides? There is no one simple answer to these questions. Many factors such as management intensity, equity levels, your tax bracket, special tax deductions associated with the property, and other things in your financial situation will answer this question. We are here to get to the bottom of this issue and figure out the best move for you.
Hankins Development can provide financial analysis of a proposed real estate transaction based off of project design, demographic information, market analysis and projected construction costs. Financial analysis is the most important feasibility study a project will undergo and experts at Hankins Development have analyzed hundreds of millions of real estate transaction over the past ten years. Every class of commercial real estate from multifamily housing to neighborhood strip centers have a specific set of financial nuances and circumstances that must be considered in these analyses.
The construction of your project is very important to the success of a long term investment. A poorly constructed building can undo months and even years of hard work to a successful project. Hankins Development handles construction management so you don't have to. This process includes site visits and checks against building plans, construction draw approvals, verifying payments to subcontractors, obtaining lien waivers, and much more. A construction manager on your job will insure things are done right and can avoid major financial pitfalls in your project due to poor construction or bankruptcy/theft during the construction process.