This entry treats adaptive reuse from the institutional capital-deployment angle: significant capital deployed to acquire and convert obsolete commercial buildings, principally office, into residential or mixed-use at scale, often through funds or large development platforms, to earn returns...
Log in to followMy firm does owner's representation and MEP coordination on renovation work. Last month we closed out our first conversion at real scale, a 1979 mid rise, 186,000 gross feet, 140…
I wanted income without a second job, and preferred equity in a conversion looked like the version of this room I could actually own. 11 percent current, 4 percent accrued, one as…
This closed out last month so I can finally write it up. Early 2023 I put $50k into a single-asset deal, a 1970s eight story office building in a mid-size southeast downtown, goin…