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
Well, now we know. Speculation on when the long bull market, economic expansion and real estate boom would come to an end has been answered. While the official statistics lag behind reality, it is hard to imagine that we have not entered R20 – Recession 2020. The COVID accentuated slowdown will impact the real estate market and […]Read More
Econsult Solutions, Inc. (ESI) used data on single-family house transactions over the 2005 to 2012 period in Bucks, Chester, Delaware and Montgomery counties to estimate the property value premium that results from being located close to a Regional Rail station. Using a hedonic regression model, we found that proximity, service frequency and commuter parking all contribute […]Read More
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 detect 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.
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.
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.
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.
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 a business decision. 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.
Econsult Solutions completed a market study that examined the unique opportunities and challenges of a planned redevelopment of the 645-unit Sharswood Choice Neighborhood of Philadelphia.
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.
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.
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, municipalities, and states with their efforts and continue to provide crucial data and analyses that affect public policy and community development. 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.
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.
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.
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.
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.
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.
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.
- Interest rate determination.
- Bankruptcy proceedings.
- Business interruption claims.
Select Real Estate Clients
- Arcadia Properties
- Brandywine Realty Trust
- Carlyle Group
- Concordia Group
- Covington & Burling
- Delaware REALTORS Association
- DePetro Real Estate Organization
- 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
- Project HOME
- Radnor Property Group
- Romspen Investment Corporation
- Scannapieco Development Corporation
- Shift Capital
- Southern Company
- Tower Investments
- Wexford Science + Technology
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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.