Feasibility studies
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Zalloum real estate group is a leading supplier of Because of our knowledgeable backgrounds and expertise Zalloum real estate group is one of the premier firms nationally in terms of its experience in the appraising real estate projects. We are able to provide special insight in these highly technical valuations.
Zalloum real estate group is familiar with many of the nation’s Qualified Allocation Plans and prepares market feasibility studies to conform with these requirements.
We understand that the results of our market studies are typically used by our clients to report rent and occupancy characteristics of the primary market area where their project will be located, therefore, we report our estimate of income qualified renter demand for the same area. In addition, other information we include in our market feasibility studies includes:
· Delineating the market area from which the property will most likely draw its tenants. We describe the property’s location relative to nearby employment cens, educational and medical facilities, recreational facilities and municipal transportation links within the market area.
· Reporting local and regional economic demand generators and their influence on household incomes in the market area.
· Calculating the number of income-qualified renter households for the predetermined year in the market area using census data and other demographic services. We also estimate projections of income qualified household growth in the market area using census data and other demographic analysis.
· Reporting demand for public housing for based on conversations with public housing authorities in the market area.
· Reporting on the potential supply of new (competing) units over the next year.
· Describing the demand for housing based on existing and potential household growth within the market area. This will be compared to the supply of apartments within the market area. We will then calculate demand rates and absorption rates for the subject property.
· Analyzing and report occupancy rates of comparable properties similar to the subject property.
· Reporting, and contrasting the rent and amenity packages of the comparable properties to the planned property.
· Describing the impact of the planned property on the existing affordable housing properties in the market area
Thank you
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