Partnership between non-profit and private sectors to achieve quality housing through adaptive reuse
Project Goal
A local non-profit agency had a need for interim housing in LA County that also featured a recuperative care component to best house and care for their clients.
Challenges
The need from the non-profit was timely and specific therefore an adaptive reuse strategy was required. In adaptive reuse, the current building conditions often can be a challenge to meet the current standards and specific population requirements. Creativity was required to maximize clients served while creating needed programmatic space.
Solutions
DAECO worked with a private market investor to acquire a 20-unit apartment building with the intension to renovate into a cohesive site.
With ownership, we devised a strategy and created a schematic design to renovate entire site and include critical program components not included in the original structure such as case management offices, dining rooms and enhanced ADA features.
Our serviced based approach included line of sight to exterior areas, providing a secure intake area and community spaces for clients. The result was a turn-key facility that houses 45 clients in an underserved location.
Special Assets
DAECO has extensive experience in non-traditional assets throughout the greater Los Angeles area. Our team is well versed in distressed assets and REO’s having conducted over 300 BPO’s for commercial lenders and sold over 16 lender owned properties. Our expertise includes Master Leasing and Non-Profit acquisitions for housing programs. This expertise translates to assisting investors in the private market that are focused on creating housing opportunities. Our clients also benefit from our in-depth knowledge in supportive housing and assisted living facilities (ARF’s & RFCE’s)
Buyer Representation
Our buyer representation services are best in class due to our ability to listen to our client’s needs, source opportunities from our network of owners/brokers and identify well-vetted options that match our client’s individual needs. DAECO is skilled in contract negotiations and has a proven track record of guiding our clients through competitive markets to present winning bids. Our experience representing sellers has helped inform and shape our offer presentations to achieve success for our buyers.
Seller Representation
In DAECO’s 18 years of real estate experience, we amassed significant experience in qualifying potential buyers, vetting offers and guiding our sellers through counteroffers and often-complicated escrow process. We offer our sellers a strong marketing campaign to advertise their assets, a large database of potential buyers & brokers and asset knowledge from our experience across many asset types (multifamily, mixed-use, commercial). Using our adaptive reuse experience, we can view assets for their potential beyond their current condition therefore our sellers can take full advantage of all market opportunities.
