Rehab: Updated Value-Add Strategies to Rethink the Buy-Fix-Sell Game
Class B and C properties, have in many areas, been hit hardest by unemployment and nonpayment of rent, and with cessation of the $600 per week unemployment stimulus payment, the situation appears to be getting worse. The typical Value-Add strategy involves buying up B and C properties and upgrading them, if not to Class A, at least to a higher quality product that attracts higher paying tenants. How has the pandemic changed all that, and what is the outlook for the value-add rehab model in Texas?
- How are buyers finding and funding new deals in North Texas today?
- In what ways has the risk profile of acquiring older properties changed?
- How has the pandemic affected value-add construction projects?
- Will we see a wave of distressed selling and, if so, how big will it be?
- How has the crisis changed the rehab business plan? Are social amenities now less valued?
- Which contactless technologies suddenly make a lot more sense to incorporate into newly refurbished properties?
- Tony Whitaker, President, FSI Construction
- David Cohen, Managing Director, Ready Capital
- Christine DeFilippis, CIO, American Landmark Apartments
- Kaylee McMahon, Founder, The Apartment Queen
- Cross Moceri, Co-Chief Executive Officer, Presidium Group
- Carlos Vaz, CEO, Conti Organization
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