Adaptive reuse projects are a popular way to revitalize communities and cater to a new generation of consumers but there are factors to consider that may not be present in traditional ground up development projects. Here is what you should consider when evaluating whether or not your project is financially feasible.
The way you and your consultant address red flags encountered during the due diligence process can have a great impact on the success of your deal. Frank Romeo discusses some proactive and reasonable approaches that will allow you to get in front of red flags and adequately manage risks and liabilities while increasing certainty of closure.
Whether you are looking to acquire a single piece of real estate or 300 pieces of real estate, keep in mind that you could be buying more than the physical improvements.