In dense urban districts and other settings where land values are high and prime development sites are increasingly difficult to find, many real estate leaders see the latent potential of property owned by nonprofit institutions such as universities, hospitals or religious organizations.
Institutional leaders, too, often recognize the value of utilizing their landholdings for private development that can generate much-needed revenue. But while a successful deal holds real benefit for both parties, the process of working with an institution is rarely simple and brings a unique set of considerations that development teams should recognize.
Continue reading on Commercial Property Executive to learn some of the most important factors that contribute to success.