Real Estate
Practical Knowledge for Complex Analyses
Econsult Solutions' real estate practice marries academic-level rigor with real world experience to provide government and private sector clients with a wide range of analyses, advice, planning, and presentation.
The Latest Insights
Property Value and Impact Studies
Crucial to determining the underlying value of assets is a deep understanding of dynamic real estate markets coupled with the analytical capabilities to model data and identify economic trends. Going beyond the traditional appraisal process, we leverage property transaction data and statistical techniques to identify property value, to evaluate the implications of an investment decision or policy change on future property values.
The Economic and Societal Impact of Project HOME
Project HOME, a venerable community organization that has grown and expanded over the past thirty years, engaged to ESI to complete an in-depth analysis of its impact on the Philadelphia and the Pennsylvania economies to bolster its quest for continued support.
Property Value Impact of Proposed MD355 BRT
To establish the market value premium on real estate resulting from a new Bus Rapid Transit route in Montgomery County, MD, ESI analyzed a variety of locale-specific real estate data to determine population growth rate and development potential.
The Economic and Fiscal Impacts of the Redevelopment of the Boxwood Site
When the owners of Boxwood, a former automotive plant turned brownfield site near Wilmington, DE, proposed redevelopment, they turned to ESI to quantify the positive economic impact that the fully repurposed site would have on surrounding property values.
The Economic and Revenue Impact of Data Centers in Pennsylvania
If the Commonwealth of Pennsylvania were to provide location incentives to attract the data center industry, would they stimulate economic growth? ESI analyzed the potential for increased workforce opportunities and fiscal impacts for municipalities and the state.
Market Studies and Development Feasibility
Real estate development requires a unique combination of economic, demographic, land use, and financial considerations. Econsult Solutions' expert analytical services provide property owners, developers, and investors with the market knowledge they need to make business decisions. These real estate advisory services include market studies, financial feasibility evaluation, financing analyses (including Tax Incremental Financing (TIF), value capture, and Qualified Opportunity Zone (QOZ), and tax policy impacts.
Market Analysis for the Sharswood Affordable Housing Redevelopment Project
Econsult Solutions has completed a series of market studies/housing needs assessments for the multi-phase affordable housing redevelopment project, Sharswood, to ensure it meets PHA's Choice Neighborhood mission.
1300 Fairmount
ESI completed an initial and updated market analysis of a mixed-use, transit-oriented, in-fill development project informing the unit type, target tenant mix and rental range.
Commercial Real Estate Investment and Tenant Mix Evaluation
Market analyses help determine optimal end use and tenant mix for a commercial real estate project. For Select Properties' proposed development in Montgomeryville, PA, Econsult Solutions provided an evaluation of local market demand.
Financial Hardship Analysis
ESI completed a redevelopment feasibility study of the historic Boyd Theater in accordance with the financial hardship requirements of the Philadelphia Historic Commission. Expert testimony before the commission was also delivered in support of relief.
Opportunity Zone Advisory Services
We provide a comprehensive suite of advisory services for Opportunity Zone (OZ) investments. We offer development strategies, investment strategies, communication services, and impact evaluation. With our advanced quantitative skills and first-hand local government experience, we offer unique insights.
Opportunity Zone Investment and Development Strategy for Wilmington, DE
ESI worked with the City of Wilmington's Office of Economic Development to build a communication and marketing strategy that would attract Opportunity Zone investors and developers.
Retail
We understand the full complexity of the retail industry and the importance of appropriate retail development to support the growth and revitalization of corridors and communities. Our ongoing work in retail, marketing, planning and economic development enables us to stay at the forefront of trends impacting retail shopping and sales, investment, and even store design.
Transforming Regional Economics of Neighborhood Development (TREND)
For the City of Chicago, ESI designed a comprehensive web-based survey that collected data about shopping patterns. Committed to understanding all neighborhoods in Chicago, our team employed innovative, neighborhood-based approaches to capture underrepresented geographies and populations in the city.
2021 State of North Broad
ESI, in partnership with The North Broad Renaissance, released the 2021 State of North Broad report, which highlights demographics and development within the North Broad census tracts, and the impacts the COVID-19 pandemic has had on the corridor.
Historic Preservation
ESI understands the true value of preserving and revitalizing the rich history that fills the country. We provide comprehensive analyses and evaluations to help support and encourage the further investment and development of historic conservation. This includes not only quantitative analyses but also qualitative impacts that can supplement project planning and evaluations.
The Economic Benefits of Historic Preservation Activities in PA
ESI was retained by the PA Historical Museum Commission and Preservation PA to show the economic benefits of investment in historic preservation.
Historic Preservation in Philadelphia
ESI performed an economic impact study of historic preservation in the city. The analysis included estimates on private real estate projects, rehabilitations by governments and non-profit entities, and residential conversions.
Affordable and Public Housing
As experts in urban planning, economics, and public policy, Econsult Solutions has supported cities and states with their efforts to increased housing options through data analytics and policy advice. We also work with developers to provide compliant market studies for their tax credit applications and to help them maximize the value of their credit allocation. Our affordable housing practice includes expertise in preparing housing market forecasts, housing needs assessments, economic and demographic trend analyses, housing policy assessments, and Tab 4 Market Studies for LIHTC submissions.
Housing Needs Assessment
For Presby's Inspired Life, Econsult Solutions completed a market study determining housing needs for the organization's Low-Income Housing Tax Credit (LIHTC) application.
NJHMFA: Compliance for Multifamily Affordable Housing
Econsult Solutions employs pro forma modeling and economic analysis in reviewing proposed project for compliance with the New Jersey state laws.
Mt. Laurel Affordable Housing Obligations in Mercer County, NJ
Econsult Solutions calculated the affordable housing obligations in accordance with the 1975 Mount Laurel Doctrine for a consortium of 565 municipalities across New Jersey.
Public Financing and Incentives
With insightful data-driven analytical capabilities and trusted experience, the support Econsult Solutions provides clients seeking funding and grant opportunities plays a significant role in their successful applications. Our clients have been awarded PA RACP program funding, and we have provided advisory services to municipalities on their Qualified Opportunity Zone programs.
Redevelopment Assistance Capital Program
We work with developers, business owners, nonprofits, and public agencies to help them review the requirement of RACP, if they meet those requirements, and position their project to show to what extent it will have positive regional economic impacts and achieve the desired outcomes of the RACP program.
Opportunity Zone Advisory Services
We provide a comprehensive suite of advisory services for Opportunity Zone (OZ) investments. We offer development strategies, investment strategies, communications services, and impact evaluation.
Tax Incremental Financing Analysis
Tax Incremental Financing (TIF) can stimulate development or redevelopment. To aid in understanding the fiscal impacts, we can calculate the tax increment for either an individual project for a TIF district. We can then calculate how much borrowing the annual TIF payment can support.
Litigation Support
We provide expert support for a variety of litigation matters. Our professionals have credentials in economics, urban planning, real estate, transportation, and community and economic development. Furthermore, they have the analytical capabilities to conduct the range of analyses required to develop defensible reports and testimony.
White Papers and Reports
We prepare objective, thorough, defensible reports based on high-level economic and statistical analysis, including:
- Economic and fiscal impact studies.
- Financial feasibility analyses.
- Due diligence reports.
- Market studies.
Expert Testimony
Our professionals have the experience and credentials to submit expert reports, depositions, and trial testimony, in a wide variety of disputes, including:
- Commercial damages.
- Real estate damage calculations.
- Valuation.
- Interest rate determination.
- Bankruptcy proceedings.
- Business interruption claims.
Select Real Estate Clients
- Arcadia Properties
- Brandywine Realty Trust
- Carlyle Group
- Chestlen
- Concordia Group
- Covington & Burling
- Delaware REALTORS Association
- DePetro Real Estate Organization
- Dranoff
- Gattuso Development Partners
- Goldenberg Group
- Harvey Hanna and Associates
- HFL Corporation
- Hill International
- Hunt Company
- Liberty Property Trust
- Mason-Dixon Resorts
- Meadowlands Management
- National Real Estate Development
- Oliver Tyrone Pulver Corporation
- Oren Brothers
- Parkway Corporation
- Pennrose
- PREIT
- Project HOME
- Radnor Property Group
- Romspen Investment Corporation
- Santander
- Scannapieco Development Corporation
- Shift Capital
- Southern Company
- Tower Investments
- Wexford Science + Technology
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Ready to Learn More?
Let us help you find a solution to your most pressing challenges. Our staff and advisory board consists of experienced professionals that provide the highest levels of technical expertise in economics, analytics, and thought leadership.
Peter Angelides
President & Principal
angelides@econsultsolutions.com
David Stanek
Director
Stanek@econsultsolutions.com