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1031 Exchange Series: Preserving History While Building For The Future

Adaptive reuse refers to the identification, acquisition, and renovation of existing structures and reestablishing them as assets to their communities. Thereu2019s a direct correlation between the number of abandoned buildings and crime rates, and abandoned buildings have a negative effect on the value of nearby properties. Demolition of older buildings wonu2019t make communities more inviting or affordable. Read more on https://bit.ly/3swDkKs

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1031 Exchange Series: Preserving History While Building For The Future

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  1. 1031 Exchange Series: Preserving History While Building For The Future Redevelop, Repurpose, Renew When certain properties are struggling, they can be addressed in one of three ways: 1. Improve the property based on new tenant/buyer demands

  2. 2. Modernize and make the asset more appealing to potential tenants or buyers using money and resources 3. Repurpose accommodate different usage property into something newer that would Adaptive reuse refers to the identification, acquisition, and renovation of existing structures and reestablishing communities. There’s a direct correlation between the number of abandoned buildings and crime rates, and abandoned buildings have a negative effect on the value of nearby properties. Demolition of older buildings won’t make communities more inviting or affordable. Plus, developers find a lot of potential in the location, environment, and aesthetic of these distressed properties. them as assets to their Although repositioning may seem pricey, developing from the ground up is often more expensive than repurposing an underused, abandoned, or obsolete property. Following the recession phase of the real estate cycle, there’s a small window of time before the recovery period where capital is available to purchase replacement cost, so investors can take this risk early in the cycle at a low-cost basis to reduce the chance of losing equity. projects for cheaper than the Read More: 1031 Exchange Series: Preserving History While Building For The Future Contact Details: 415-485-4500 Fund Accounting Service

  3. Read More Blogs: 1031 Exchange Series: Legislative Clarity & Emerging Alternatives Fund Accounting 101: What Is Fund Accounting?

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