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Preserve or Sell? Or Something In-Between: Evaluating Your Real Estate and Your Options
September 26, 2023 3:00 PM - 4:30 PM
It is a tough time for mission-oriented owners of affordable housing. Owners are faced with enormous operating challenges at both the portfolio and organizational levels.
Should they raise rents? Cut resident services? Evict nonpayers? Self-insure? Draw down reserves? All of these choices are unpalatable. At the same time, many markets have demand driving up the sales value of properties, and additional funds could help shore up an organization or resource services. Yet, these affordable units are hard-won and a critical treasure!
Now, more than ever, it is crucial to properly value your properties and consider your options.
Join us on Tuesday, September 26 2023 from 3:00pm-4:30pm EST for a virtual panel discussion about the techniques and parameters used to evaluate these imminent choices. You will hear first-hand reports from organizations that chose to sell or restructure assets, discover what they negotiated, how they did it, and learn how to apply it.
The panel will be moderated by:
Harold Nassau, CHAM Board President and Senior Director of Asset Management, NeighborWorks America
Beth Mullen - Partner & Affordable Housing Industry Leader, CohnReznick
Matt Kurzmann - Senior National Director, Affordable Housing Advisors
Alfred Arzuaga - President, The Orlando Neighborhood Improvement Corp