Hampstead has developed a strong reputation and
gained valuable experience related to development
and repositioning of existing properties. Market
participation in this area is limited by the fact
that such development requires the assemblage
of complex, multi-layered financing and that developers
must be prepared to address the issues associated
with existing partnerships in order to purchase
assets for such redevelopment. Another complexity
has to do with the overlay of various regulatory
constraints related to the many financing pieces.
Every bit as important as purchasing properties
and financing them is completing the rehab on
budget and successfully operating the properties
post rehab.
HP often joint ventures redevelopment efforts
with both new and existing owners as well as non-profits.
Whether it’s affordable housing, market
rate housing, or condotels Hampstead is continually
in the market to acquire properties.
Hampstead often ventures with existing owners
or general partners as well as community-based
nonprofits and housing authorities related to
repositioning affordable housing properties and
communities.
The firm has a long history of assisting owners,
developers and lenders to understand the opportunities
and issues associated with building and repositioning
housing assets. Such consulting activities include:
Developmental services related to repositioning
older expiring use or troubled properties
Valuation and partnership opportunity assessments
Partial interest assessment and dispositions
HUD workouts
OMHAR restructurings and subsidy renewals
Sec. 236, “IRP Decoupling”
Bond and Tax Credit financing, allocations
and recapitalization
The Arcadia offers architectural design, assessment,
specification and construction supervision services
to the multifamily repositioning industry at large.
Exclusive and focused attention related to rehabilitation/redevelopment
projects has provided the team with the specialized
experience and knowledge necessary to assess,
specify, bid-out and supervise such projects in
a way so as to:
Provide means to minimize and accurately estimate
rehabilitation costs
Select and specify replacement systems
Make it possible to efficiently compare construction
proposals
