In a tight property market, adaptive reuse is an appealing strategy for real estate investors. The search for underperforming or misaligned properties to revitalize often leads to historic properties. Whether they’re in poor condition due to lack of maintenance or equipped with outmoded facilities and systems, historic properties sometimes require a significant investment to restore them to beneficial use.
In this GlobeSt. article, John Gajewski discusses the benefits of rehabilitating a historic building, Historic Tax Credits, and assembling a team to navigate the challenges of the project.