The Money Pit: Updated Value-Add Strategies to Rethink the Rehab Game
Class B and C properties have in many areas been hit hardest by unemployment and non-payment of rent, and with cessation of the $600 per week unemployment stimulus payment, the situation may get 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?
- How are buyers finding and funding new deals in Northern California 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 refurbished properties?
- Steven J. Seligman, FVP & Regional Manager, Marcus & Millichap
- David Feinberg, CIO, Sack Properties
- Kevin Guibara, President, Silicon Valley Real Estate Investments
- Al Pace, CEO, Pacific Urban
- Peter Wilson, President, PTLA Real Estate Group
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