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
- Jackie Todesco, SVP – Asset Management, AvalonBay Communities
- Peter Wilson, President, PTLA Real Estate Group
Powered by GreenPearl
Private Label Conferences
We believe in the magic that happens when the smartest, boldest minds come together resulting in business growth and industry evolution. We build high-value events that foster relationships, tap into intellectual wisdom, promote authentic interaction and create success for our clients.