Webinar Recap: Unlocking Real Estate Values

The webinar focused on strategies for unlocking real estate value for faith-based and nonprofit organizations. The key points covered included:

1. Real Estate Valuation Methods:

   • Sales Comparison: Comparing the property with similar properties to determine a fair market value.

   • Income Capitalization: Evaluating the income potential of the property.

   • Cost Approach: Assessing the cost to replace the property with a similar one.

2. Integral Components for Valuation:

   • Zoning and future land use.

   • Location specifics such as hard corners and frontage.

   • Size and functionality of the property.

   • Area demographics and excess land considerations.

3. Income Streams:

   • Utilizing underutilized spaces, extra land, education spaces, and additional meeting spaces to generate revenue.

4. Next Steps for Property Health Assessment:

   • Evaluating deferred maintenance, current tenants, reserves, debt, membership changes, endowment, operation costs, staff, additional revenue, and giving.

   • Making informed decisions about improving, selling, leasing, or buying properties based on the mission and property health assessment.

5. Mission Property Group:

   • Emphasizing that real estate decisions should align with ministry goals and not dictate the ministry.

   • Combining the church’s vision with market conditions and property values to guide real estate decisions that support ministry growth and operation.

Speakers:

• Carlin Beekman: Vice President, Foundry Commercial.

• Matt Messier, CCIM, SIOR: Partner, Managing Director, Foundry Commercial.

Download the Webinar Presentation

Download the Property Health Assessment

Third Party Property Usage Webinar