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.
3. Client Needs
• More space to house, inventory, office, and affordable housing builder
operations was a necessity for growth.
3
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. 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. Matthew
Conser, CCIM
Suggested and
orchestrated a land
“Swap Agreement” for
Benton Habitat for
Humanity.
Leveraged this
economic cycle to
Habitat’s advantage;
Trade up to a
bigger/better property
before it sells.
Solution 6
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. 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. 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).
Prospective
Purchasers Agreement 9
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. Habitat will thrive and grow with more retail space. Both “Swap Properties” can
now be put to more productive use. Habitat can continue their mission of
providing more affordable housing to those in need. A win-win-win deal.
Benefits 11