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Benton Habitat for Humanity

Recaps Matthew Conser, Broker with Conser Commercial's work with the Benton Habitat for Humanity to assist them in a land swap transaction. This transaction greatly improved Habitat's ability to grow and continue to achieve its mission to provide affordable housing for those in need.

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Benton Habitat for Humanity

  1. 1. ConserCommercialA subsidiary of Conser Realty & Associates 1
  2. 2. Benton Habitatfor Humanity 2
  3. 3. Client Needs• More space to house, inventory, office, and affordable housing builder operations was a necessity for growth. 3
  4. 4. Client Needs• More Enclosed and Covered Space to protect and preserve Habitat’s ReStore inventory from Oregon’s wet weather.• Stay within the land-constrained City of Corvallis, OR 4
  5. 5. Client Needs• Existing Location was a Long-Term Liability; It had significant soil contamination, and cleanup issues resulting from previous use as a dry cleaning location and had very limited Parking for customers. 5
  6. 6. MatthewConser, CCIMSuggested andorchestrated a land“Swap Agreement” forBenton Habitat forHumanity.Leveraged thiseconomic cycle toHabitat’s advantage;Trade up to abigger/better propertybefore it sells.Solution 6
  7. 7. 1. Structure a cash-free land-swap amenable to all stakeholders.2. Complete a “Prospective Purchaser’s Agreement” with the DEQ.3. Make it happen, before the preferred property sells to another…Challenges 7
  8. 8. 1. Kept all stakeholders engaged.2. Overcame Bank and Private Lender resistance.3. Convince the Habitat Board.4. Utilized a DEQ regulation to Habitat’s advantage, the P.P.A.Cash-Free Swap 8
  9. 9. 1. A PPA is the “Gold” standard for acquiring a previously contaminated site.2. All parties benefited, including the Oregon Dept. of Environmental Quality (DEQ).ProspectivePurchasers Agreement 9
  10. 10. 1. Moved from 2.13 acres to 3.3 acres with abundant parking.2. At the corner of a State Highway with traffic signals.3. Left behind 1940’s era buildings for 1980’s and newer buildings.4. Increased from 12,000 sq. ft. covered area to 22,000 sq. ft. covered area.Results 10
  11. 11. Habitat will thrive and grow with more retail space. Both “Swap Properties” cannow be put to more productive use. Habitat can continue their mission ofproviding more affordable housing to those in need. A win-win-win deal.Benefits 11