The hottest real estate trend, parcels in Opportunity Zones, has sent land prices soaring within the zones in the last few weeks. This is reflected in the largest metropolis across the country, as well as in smaller cities with ‘shovel-ready’ development projects. With this in mind, let’s continue our investigation
Old buildings offer untapped market possibilities for Opportunity Zone Funds, developers, brokers, property owners, and community stakeholders. After studying Vacant Land last week, my interest shifted to parcels within the Opportunity Zones that had existing buildings constructed before 1970. Speculating, I assumed these buildings were either in need of renovation
Opportunity Zones are the current hot real estate trend. Since our last update, we’ve seen an additional 32 funds register with NCSHA within the past 1.5 months. This brings the grand total to 105 funds. Of these, 46 plan to raise money in the range of $100M to $500M! Projected
Funds of $500M, and even $1B are being raised all over the United States to take advantage of government-initiated programs designed to provide capital for underserved communities. The U.S Treasury Department has certified approximately 8,700 census bureau tracts across the United States. We find it interesting that most funds are
Opportunity Zone (OZ) Funds have caused quite the stir in the investment and real estate development world. Approximately $15 billion is being raised by the top 72 funds across the country. Investors are being encouraged to put their money in the funds during 2019 in order to get the maximum
Density regulations shape our cities. They designate how many people will live in a specific area, which has implications on quality of life issues, especially at the ends of the spectrum. These include air quality, access to public transit, walkability, etc. There are multiple ways in which local governments control
Setbacks shape the pedestrian experience. They regulate whether a pedestrian will encounter ground floor shops and cafes as they walk down a street, or lawns that separate them from building activity, while providing privacy to building dwellers. Setbacks also control minimum building separation. A Setback is the minimum required distance
Heights are regulated in multiple ways, depending on the zone. Most zoning districts regulate building height, either as total number of floors or as a linear measure, and they also regulate the minimum and maximum dimensions of ground floors and typical floors. Below are some of the parameters we use,
Parking is a huge factor in development. Most zoning districts have some type of parking requirement by use, which not only shapes the way our cities look, but also the way people live and interact with one another. For example, the pedestrian experience in a city can be hugely influenced
Specific real estate market data: rent rates, hotel rates, vacancy, OpEx, condo unit sale price, land price, construction cost ($PSF) etc.
