Industry

Reznick Group practice professionals discuss key business issues, trends and ideas relevant to your industry.

Healthcare

As recently as 2007, lenders were willing and able to lend to healthcare facilities. Lenders were plentiful and money was relatively cheap. Not any more! This Reznick Group white paper discusses how developers can take advantage of HUD's 232 LEAN Program. This program provides mortgage insurance for FHA approved loans, specifically for construction or substantial rehabilitation of assisted living and other heathcare facilities.

Real Estate

The question for hotel owners and developers today: Is it worth the efforts to go green?  In Baltimore, hotels were required to go green as of  July 1, 2009. This Reznick Group white paper discusses the pros and cons of building a green-friendly hotel. 

Given the declining economic fundamentals in the residential and commercial real estate markets, and the end of once-plentiful debt and equity capital, the challenges faced by many real estate private equity funds are formidable. Reznick Group Commercial Real Estate Practice Leader Scott Farb discusses the issues and opportunities for real estate private equity funds in today's uncertain market.

Introduced in June, 2009, The Green Retrofit Program provided $250 million in loans and grants to encourage energy saving initiatives for multifamily housing. HUD property owners can qualify for $15,000 per residential unit to reduce energy costs and water consumption and improve indoor environmental quality. While funds were fully allocated under this innovative program by Fall, 2009, HUD is hopeful that additional funding will be made available.

Renewable Energy

Real estate is caught up in the "green" movement. The federal government and most cities now require new construction above a certain cost and size to be LEED (Leadership in Energy and Environmental Design). Construction companies, contractors and sub-contractors cannot be top-tier companies in today's business environment if they don't respond to the market's demand for "green" buildings and energy efficiency improvement.

With the increasing rise in environmental awareness, real estate development has permanently entered the realm of eco-friendly design and building practices. Now is the time for developers to embrace "green" building methods which also provide them with some significant benefits than can improve their bottom-line results.