Schools, hospitals, offices, factories, and other defunct properties can be great opportunities to develop senior housing, but there are some things to consider before you do that.

Some of those considerations include local demand, access, zoning, cost per unit and licensing requirements, according to Multi-Housing News.

There are also a lot of aspects to repurposing an existing structure to accommodate senior tenants. For example, former hotels have the rooms and space to create assisted living, independent, and even hospice-care rooms. They also already have a kitchen and other amenities you would otherwise have to finance and construct. Hopitals, schools, and other public buildings often already possess the spaces those seeking senior housing will likely need.

For a more finance-forward and in-depth analysis, click the link below to read the full article.

Over the years, our team has arranged financing for our clients to build, renovate, and effectively manage their real estate investments.

Here are a few examples of how we have helped our clients through creative debt and equity solutions:

Do you have a project in mind? Contacting us is the first step to receiving the creative capital you need.

Commercial real estate is a relationship-driven business, and those relationships are instrumental in driving business.

"Over time, the efforts you put in today will lead to increased loyalty, positive client experiences, and most importantly - word-of-mouth recommendations," says BuildOut

In fact, 82% of advisors say getting referrals is the most effective way to prospect new business.

And the best way to maintain those relationships? 50% of those surveyed said they found that phone calls are most effective in creating lasting connections. Email is a great tool as well, but most people you know, whether professionally or personally, aren't likely going to their email inboxes to create meaningful and multi-faceted conversations.

Another tip for optimizing those CRE relationships is through cleaning up your CRM. For these and other helpful insights, read more by clicking the button below.

Second-tier cities are recovering from the effects of the pandemic faster than bigger cities, and many people are taking advantage of this big city feel without the big city problems and prices. Here are some second-tier city trends to watch.

• The ability to work from anywhere allows for more diverse living choices. Gone are the days when you have to move to the place with the highest population to score the best jobs.
• Second-tier cities like Atlanta, Austin, Charlotte, Dallas, Denver, Miami, Nashville, and Raleigh are seeing 10-year population growth in the 15%-30% range.
• The movement of people accelerated during the pandemic.
• Two-thirds of respondents in a recent survey hope to "leave their global city for a lower-cost, smaller city that offers a high quality of life and lower cost of living," according to NAIOP.

Click the link below for more insights about second-tier cities.