Redevelop, Repurpose, Renew | 1031 Exchange Series:

 When certain properties are struggling, they can be addressed in one of three ways: 

  • Improve the property based on new tenant/buyer demands 
  • Modernize and make the asset more appealing to potential tenants or buyers using money and resources 
  • Repurpose property into something newer that would accommodate different usage.

Adaptive reuse refers to the identification, acquisition, and renovation of existing structures and reestablishing them as assets to their communities. There’s a direct correlation between the number of abandoned buildings and crime rates, and abandoned buildings have a negative effect on the value of nearby properties. Demolition of older buildings won’t make communities more inviting or affordable. Plus, developers find a lot of potential in the location, environment, and aesthetic of these distressed properties.

Read More: 1031 Exchange Series: Preserving History While Building For The Future

Contact Details:

sales@phxa.com

415-485-4500

Private Equity Fund Accounting


Visit Reference Profile Websites:

2401 Kerner Blvd, San Rafael, CA 94901, United States

Comments

Post a Comment

Popular posts from this blog

PHOENIX AMERICAN ANNOUNCES NEW CLIENT PARTNERSHIP WITH CLEAR SKY CAPITAL.

Phoenix American is pleased to announce its new client partnership with investment management firm Clear Sky Capital (“Clear Sky”). Phoenix American will support Clear Sky with its industry leading investor services platform featuring the STAR-XMS investor management / transfer agent system as well as integrated fund accounting services . Clear Sky will benefit from Phoenix American’s combination of advanced technology, focus on customer service and long experience with the unique operational requirements of real estate investment funds. Based in Phoenix, AZ, Clear Sky Capital is an investment management firm specializing in the acquisition and management of private equity and value-add real estate investments. Founded in 2009, the firm has successfully completed 61 transactions valued at $846 million across car wash, manufactured housing, multifamily, self-storage and salon suites.  Clear Sky is currently raising equity capital for its manufactured housing series of funds – Beac...
Read more

ABOUT TIME EQUITIES, INC. | Phoenix American | Fund Accounting Service

Founded in 1966, Time Equities, Inc. (“TEI”) has been in the real estate investment, development, and asset and property management business for more than 50 years. TEI currently holds in its own portfolio approximately 33.6 million square feet of residential, industrial, office and retail property, including about 5,000 multi-family apartment units, approximately 800,000 square feet in pending acquisitions, and 1.1 million square feet of various property types in stages of pre-development and development. With properties in 33 states, 5 Canadian provinces, Anguilla, Germany, Italy and the Netherlands, the TEI portfolio benefits from a diversity of property types, sizes and markets. There are concentrations in the Northeast, Southeast, Midwest and West Coast of the U.S., and new markets around the world are always being evaluated.  Contact Details:    sales@phxa.com   415-485-4500 2401  Kerner Blvd, San Rafael, CA 94901, United States Fund Accounting Serv...
Read more

Phoenix American - Innovation Helping to Scale the Industry

 “Our goal is to make alternative investments as easy to own as a mutual fund,” said Bill Robbins, CEO at WealthForge. “Integrations with key participants in the investment process like Phoenix American are important steps toward creating a seamless experience and providing additional value to our users.” Phoenix American, an innovator in the alternatives industry, welcomes the added efficiency of the WealthForge integration. The company’s STAR-XMS transfer agent and administration system centralizes and streamlines back-office functions and data collection to support sales efforts. The integration of STAR-XMS with the Altigo platform, eliminating the need for manual entry of subscription information, further enhances the Phoenix American back-office process. Read More:  New Partnership: WealthForge Contact Details: sales@phxa.com 415-485-4500 2401 Kerner Blvd, San Rafael, CA 94901, United States Fund Administration Service Visit Reference Profile Websites: private equity fu...
Read more