Eden Housing Case Study
Eden Housing Case Study
Eden Housing, Inc. Seeks Commercial Broker to Assist With Property Purchase for Development (Acquisitons case study)
CHALLENGE
Select appropriate site suitable for development of affordable housing within the City of Fremont that adheres to the Housing Element and Community Character Element of the General Plan.
STRATEGY
Demonstrate site control of the selected property through execution of a purchase agreement.
SOLUTION
Complete appraisal, perform due diligence analysis, negotiate price and initiate escrow to hold the property until the anticipated date of purchase.
RESULTS
Project cancelled because the City of Fremont and the Fremont Redevelopment Agency awarded the $7.9M funds to a competing affordable housing developer.
