Adaptive Re-Use: A Guide to the Real Estate Industry's Latest Trend

Adaptive Re-Use: A Guide to the Real Estate Industry's Latest Trend

It’s no secret that the modern industrial style of architecture and design has been widely adopted in the commercial real estate industry. Easily recognizable by its brick walls, cement floors, exposed timber beams, high ceilings and sleek lighting, the style is nearly impossible to miss these days. Restaurants, hotels, apartments, offices and retail shops alike are increasingly focused on “industrializing” their space in order to create an authentic and nostalgic ambiance.

While the trend is booming and becoming ever-present in today’s society, it is far from a new concept. The first spaces to pilot this type of style were the result of a strategic type of re-development called adaptive re-use. This is the process of retrofitting an old building with underutilized space to an entirely new use that fits the needs of present-day occupants.  In other words, the building maintains its form while changing its function to meet today’s standards.

Adaptive re-use can be an excellent strategy for building owners looking to revitalize their real estate investments, especially when based upon a strong vision, creative solutions and careful execution.

Click below to understand why adaptive re-use is a sustainable real estate strategy and the challenges to consider when taking on this type of project.

Opportunity Zones & Funds – A High Level Overview For Real Estate Investors

Opportunity Zones and Opportunity Funds were introduced in December of 2017 as a part of the Tax Cuts and Jobs Act with goal of fostering capital investment in areas of the country where capital investment has lagged behind.  The Opportunity Zone legislation was a scant 2 pages which required that the IRS further define the details of how Opportunity Zones would work – The IRS continues to provide guidance, with update released in October of 2018, more guidance is expected in Q2 2019.

Click below to learn more about opportunity zones and the benefits of investing in them.