LightHouse
LightHouse
The Ivy Group Represents San Francisco Non-Profit Organization Lighthouse for the Blind and Visually Impaired, Inc. to Turn Vision into Dreams and Reality in the East Bay (Acqusitions and Tax Benefits to Seller case study)
CHALLENGE
Lighthouse for the Blind and Visually Impaired, Inc. desired to purchase a manufacturing property located near transit-oriented destinations to expand its “Blind Leaders Program” to build on previous blind employment efforts and to turn the facility into the single largest employment site for the blind in California.
STRATEGY
Through collaboration and community resources, The Ivy Group employed a propriety technique to identify and engage property owners, and then swiftly secured the optimal property with a negotiated purchase contract. During the contractual phase, The Ivy Group assisted in resolution of critical exceptions revealed in the preliminary title report.
SOLUTION
Devised a realistic schedule to resolve issues related to environmental inspections, property repairs and escrow deadlines.
RESULTS
The diligent efforts of The Ivy Group resulted in Lighthouse taking possession of the building in 3 weeks, avoiding the need to extend its existing lease at a separate rental facility in Oakland, CA, that would have resulted in an increase in the rent being doubled.
