Stuart Hansen manages real estate investments and seeks investors from Asia. Before starting a historical restoration project, stakeholders consider the physical condition of the property, its competitive position in the local market, and demand. Developers must also ensure the restoration work complies with current codes and regulations regarding issues like lead, asbestos, accessibility, and fair housing to avoid negatively impacting historic elements or violating laws.

1. CONSIDERATIONS
BEFORE COMMENCING
A HISTORICAL
RESTORATION
PROJECT
Stuart Hansen

2. Introduction
• Stuart Hansen serves as a vice president of Marquee Asset
Management, LLC, where his responsibilities include managing real
estate investments and seeking investors from China, Japan and
other Asian countries. Shelter Asset Management, a division of
Marquee Asset Management under Stuart Hansen’s leadership, led
the renovation of numerous apartment complexes in theWestern
United States.
Before deciding whether to renovate or restore an apartment
building, stakeholders consider a variety of factors, such as the
site’s physical condition, competitive position and market demand.

3. Restoration
• In addition to evaluating the historical value and current state of a
property, developers also must ensure the rehabilitation or
renovation work complies with current codes. Issues such as lead
paint and asbestos should be addressed by an experienced
restoration professional to avoid adversely impacting historic
finishes. Renovation projects also must consider how to meet the
accessibility requirements of the Americans with DisabilitiesAct of
1990 with minimal changes to a historic building.A deep
understanding of Fair Housing Act is also of critical importance.