At the end of last month, the Palm Beach County Commissioners, County Administrator, decision-makers, community leaders and others in the region, assembled at the Palm Beach County Convention Center for a six-hour annual summit. The focus of the Palm Beach Housing Summit was to find a way to “reduce financial barriers, policy and regulatory barriers while exploring innovative tools and models that will provide the housing options that will keep pace with growth in our community.”
It was very productive for those with an interest in the maintenance of a sustainable community such as real estate employees, lenders, housing counselors, non-profits, etc.
One of the topics discussed was how to respond to the increasing challenge of providing affordable housing for youngsters. Crisis Housing Solutions executive director Craig Vanderlaan suggested the use of shipping containers to build more affordable housing as has been the case in London (for a shopping mall), Los Angeles (housing for veterans) and the Netherlands (student housing).
In today’s strapped economy, many struggling homeowners have difficulty selling their properties. Oftentimes, those in need of immediate cash flow will find themselves selling their properties at a substantial discount. The real estate research firm Radar Logic, for instance, estimates that the discount that sellers face at the moment averages approximately 40%-.
Helping those in need, companies like Transcendent Investment Management with Jordan Kavana offer a balanced strategy. While purchasing properties from banks, courts and other sources, TIM can purchase and sell single-family homes, condominiums and multi-family properties while also purchasing properties for rental.
As TIM explains, “This provides capital gains balanced with a stable cash flow from a portfolio of value-priced hard assets.” Transcendent earns its returns by serving as a capital provider for distressed properties and best in class investment manager across the country. Their knowledgeable team finds high absolute return investments in real estate that show fundamental value, a favorable risk-return profile and an identifiable exit.