The New Normal: Updated Strategies to Rethink the Rehab Game
Class C properties have been hit hardest by unemployment and non-payment of rent, while Class A properties have thus far been unscathed, although a prolonged period of economic depression could change that. 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 the buyers finding and funding new deals in the SoCal 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 technologies suddenly make a lot more sense to incorporate into refurbished properties?
- Mike Rovner, CEO, Mike Rovner Construction
- Marshall Boyd, Chief Executive Officer, Interstate Equities
- Paul Kaseburg, CIO, MG Properties Group
- Ryan Somers, President & CEO, Benedict Canyon Equities
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