Title: 1031 Exchange Series: Preserving History While Building For The Future (1) - PowerPoint PPT Presentation

Description: 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. Although repositioning may seem pricey, developing from the ground up is often more expensive than repurposing an underused, abandoned, or obsolete property. Read more on – PowerPoint PPT presentation