In the tough business of real estate, developing partnerships and building collaborations are essential to success. None of us can work in silos anymore, we must rely on partners at all levels to broker real estate deals that resonate with the community, regulators, and the occupants themselves. In the real estate development industry, the terms ‘social impact’ or ‘social purpose’ are gaining popularity. Social purpose real estate is property and facilities owned and/or operated by mission-based organizations and investors for the purpose of community benefit, and to achieve blended value returns. Often it involves redeveloping under-utilized land to meet community needs, including affordable housing, a daycare, or community office or program space. Municipalities are also recognizing the advantages of leveraging real estate assets to achieve social purposes. In Metro Vancouver, developers are collaborating with land-rich, cash-poor organizations such as churches and Legions, and these agreements are taking various forms: land deals, CAC deals, market and non-market joint-ventures and fee-for-service deals. Join us to learn more about this emerging trend!
Our panel of speakers will share their real-life examples and outline challenges, opportunities and lessons learned.
Come and discover the myriad of ways that your firm can get involved in this area of opportunity.