When an existing property falls out of character with the surrounding land use, it no longer represents the property’s highest and best value. Take for example, an industrial facility located downtown and in a city that’s in desperate need of affordable, multi-family housing and mixed-use development. This was the situation in December 2021 when Beyond partnered with the development team at Relevant Group on a redevelopment project in Downtown LA that would transform a one-story industrial facility into a 16-story, mixed-use building with apartment units over street-level retail. Beyond carefully selected Relevant Group, based on their long history of successfully completing development projects in Los Angeles, and provided the capital needed to acquire the property and complete all the required predevelopment activities to entitle it with approvals. By the end of 2023, Beyond’s capital had been repaid, allowing us to provide our investors with an annualized internal rate of return of 30.4% and an equity multiple of 1.7x over a 24-month holding period, which equates to an appreciation of 70%. These favorable results were possible due to the power of the “highest and best use” concept. To learn more about the successful redevelopment project, the value of remaining selective when choosing development partners, and the reason why a fully entitled development site is worth more than the same property without entitlements, watch Beyond Lenders latest YouTube video. https://lnkd.in/gfUfERdX #CommercialRealEstate #CRE #LandEntitlement #BestLandUse #Redevelopment #BeyondLenders #BeyondWealth #BeyondInternational #AlternativeInvestments
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Serial Entrepreneur & Real Estate Investor. Featured in Gary Vaynerchuk's "Crushing It" | Currently Developing Luxury Single Family Homes and Unique Stay Boutique Hotels.
With over $25 million in gross revenue in just seven years, I've witnessed firsthand the potential of well-executed real estate ventures. But ground-up developments are one of the most underrated investments in today’s market. Some of the (many) factors that work in their favor: - A significant shortfall in housing supply has led to increased demand in suburban and rural areas, marking a pivotal shift in market trends. - Interest rates, while fluctuating, present a strategic window for securing financing on favorable terms. - Sustainable building practices are desirable and increasingly becoming the norm, pushing the envelope on what it means to build from the ground up. With all of this working in their favor, it adds up to a formidable case for single-family ground-up developments! #groundupconstruction #realestateinvestment #rei #construction #realestate
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Boston's Influential Agent | Founder of The Turco Group | Global Property Consultant | Industry Speaker & Trainer
Amazing news in the #BostonRealEstate scene! Lincoln Property Company recently received a whopping $68.33m in financing from Rockland Trust for an innovative project – transforming a 177k sq ft office tower into a 154-unit apartment building in the heart of Boston. This strategy presents a more cost-effective solution than the average $400k it takes to construct each apartment from scratch. Simultaneously, it adds density to Boston's urban core, a key challenge facing developers. Great to see solutions that embrace efficiency and affordability! Let’s take a moment to reflect on our strategies. Are we exploring all possible avenues to maximize real estate value? Are we overlooking opportunities that capitalize on existing structures rather than building new ones? There’s potential for untapped value right here in #Boston. Feel free to reach out and discuss how we can better navigate the dynamic Boston market and devise strategies that leverage all resources. Let's rethink #BostonRealtor solutions and make informed decisions for maximized returns. Always here to provide expert advice with the #TurcoGroup at #eXpRealty! #BostonCondo #BostonHome #MovemetoBoston
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An excellent first acquisition of 2024 and a very exciting repositioning project in the City.
Delighted to have partnered BauMont Real Estate Capital Limited on the purchase of Old Change House, in the City for around £23 million. The deal provides us with an outstanding opportunity to completely refurbish the building to create “best in class” CAT A specified offices with enhance ESG credentials. We believe this will have strong appeal to city occupiers at a time of a shortage of top-quality offices in the City market. Read more about it here. https://lnkd.in/ezHbPjyS #LondonOffices #CityProperty #refurbishment #ESG
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This week’s #OpportunityZone Outlook, a Cleveland, Ohio Opportunity Zone project called the Treehouse Apartments is going before the city’s Planning and Design Committee. The project aims to bring 43 new units and over 5,000 square feet of retail space to a growing community in Cleveland. In other news, Novogradac & Company LLP released an interesting analysis explaining how there are varying definitions of “rural,” according to the government. For future Opportunity Zone legislation involving a “rural” requirement, failing to standardize the meaning of “rural” could potentially limit the policy’s reach. Lastly, mark your calendar for March 7, 2024. OpportunityDb is hosting their Spring Pitch Day for high net worth investors to learn about Opportunity Zone projects and funds. I look forward to sharing my thoughts on evaluating OZ deals! To read: https://lnkd.in/eMXAkENC To subscribe: https://bit.ly/JillOZNews #OpportunityZones #OpportunityFund #OpportunityFunds #RIA #realestate #development #familyoffice
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If you think real estate development is just about finding a property and flipping it for profit, think again. The true essence of real estate development lies in creating value where others see none, in turning challenges into opportunities, and in transforming communities one project at a time. As developers, we're not just investors; we're visionaries who see the potential for growth and impact. We navigate through zoning laws, community plans, economic cycles, and environmental considerations. Each project comes with its own set of challenges, but also the potential to lay down the foundations for a thriving community. Let's remember that at the heart of each development is a commitment to improving lives and making a lasting impact. Real estate development isn't just about buildings; it's about building futures. #RealEstateDevelopment #CommunityImpact #EconomicGrowth #SustainableDevelopment #VisionaryLeadership
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Investing in real estate isn't a one-size-fits-all venture. With Nest Commercial Group, you can EGGspand your horizons and your earning potential to include the best options for you! Whether you prefer single family rentals, mobile home parks, retail shopping centers, medical offices, industrial buildings, vacant land for large developments and more, Nest can help you SOAR! Give us a call at 225-603-0610. #soarwithnest #investing #earningpotential #soar #realestateinvestment
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Focused on increasing access and diversity in Boston’s #commercialrealestate industry.
In this Boston Business Journal op-ed, I highlighted how diverse real estate development teams drive equity. The built environment is more than a mix of buildings, roads, and open space; it is an opportunity to drive forward important goals for economic opportunity, inclusive spaces, and equity across our Commonwealth. ⭐️Read more of my thoughts and reflections here: https://lnkd.in/eGDp7K84 Accordia Partners, LLC Builders of Color Coalition
Commentary: Diverse real estate development teams drive equity - Boston Business Journal
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Embark on a journey of transformation with Platinum Ventures! #PlatinumRestoration We're excited to take you behind the scenes of our latest property restoration project in Dublin 8. Watch as we breathe new life into each unique space in this property, preserving the past while infusing modern elegance. What to Expect: -Exclusive Updates: Get the inside scoop on our restoration process, from initial assessment to final touches. -Before & After Reveals: Witness the incredible transformations and the meticulous care that goes into every detail. -Expert Insights: Learn from our team's expertise in architecture, design, and preservation. -Community Engagement: Join the conversation, share your thoughts, and be part of the Platinum Ventures family. Whether you're a history buff, design enthusiast, or just love a good makeover story, this series is for you! Stay tuned, engage with us, and watch as we unveil the beauty and potential of this property, one room at a time. Don't forget to like, share, and comment - your support fuels our passion! #PropertyTransformation #HomeRenovation #BeforeAndAfter #DesignInspiration #WeBuyOldHouses #CashForHouses #SellYourHouseFast #RealEstateInvesting #PlatinumVentures #RenovationProject #RealEstateInvestment #FixerUpper #Dublin #WeBuyHousesCash #Ireland #PropertyBuyers #Propertywanted #SellYourHome #OldHomes #Renovation #HomeTransformation #RenovationMagic #OldToNew #PropertyMakeover #HomeImprovement #DesignTransformation #BeforeAndAfter #Dublin8
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🏙️ Revitalizing Urban Areas Through Strategic Redevelopments 🏙️ Urban redevelopment is not just about transforming spaces; it's about revitalizing communities and unlocking new economic potential. Here are some key insights from our latest article: Benefits of Urban Redevelopment: 🚶♂️ Enhancing economic activity and foot traffic 🛠️ Generating construction and permanent jobs 🏠💰 Increasing property values and tax revenues 👥 Attracting businesses, residents, and visitors 🏛️🔒 Reducing crime and preserving historic architecture Impactful Redevelopment Projects Include: 🔄 Adaptive reuse of old structures 🏢 Façade improvements 🚶♀️ Streetscaping for enhanced walkability 🌳 Creating green spaces from vacant lots Case Study: 🏦➡️🏪 GAIN CRE transformed a former Chase Bank site, elevating the property value from $1 million to $2.8 million and contributing to community development. 🚨 Special Opportunity for Accredited Investors 🚨 GAIN Opportunity Fund II is offering a unique chance to be part of strategic redevelopment projects with strong upside potential. Here’s your chance to capitalize on the immense possibilities of urban revitalization. Contact us today to explore our robust pipeline: tad@GAINCRE.com. #UrbanRedevelopment #StrategicRedevelopment #UrbanRevitalization #EconomicGrowth #CommunityDevelopment #GAINCRE Sandy Lagestee
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So, the previous viewing in West Bridgford proved to be a non starter - the ‘space’ at the back turned out to actually be on the front! But I’ve 4 more viewings this week, in Arnold this time. Again, a good area, with good links to the city centre and University. I’m also viewing a commercial property on Friday, with a view to a conversion to resi. HMO might seem the better option for higher cashflow, but the area seems flooded with them and we prefer to convert and sell as individual apartments within the block. If it’s a goer, from the plans, it looks like it would be around 9 units, so a tasty project with potential for great investor returns and creating 9 homes out of a derelict office. A win-win! Watch this space… #investorswanted #propertydeveloper #commercialconversion #propertyjourney #creatinghomes
Jenny Zhan, Jason ZhongYuan YE, G. Evan Bennett, Jimmy Lam, Stuart Serpanchy, James Zhan