Lease or Purchase: Navigating your Real Estate Options

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Location

Nonprofit Coordinating Committee of New York

135 West 36th Street

15th Floor

New York, NY 10018

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Event description

Description

The drivers of real estate projects are diverse: an upcoming lease expiration, a shift in mission, new leadership, evolving physical needs, and more. Coupled with the difficulties of securing affordable space, many nonprofits struggle to determine the right next move for their real estate. In this workshop, professionals from Denham Wolf will provide a nonprofit-specific overview of leasing and acquisition in New York City, including key differences in timing, financial impact, and extent of site control. To help illustrate these differences, the decision making process of two recent case studies will be mapped out using a live Excel model.

Workshop participants will gain a deeper understanding of the deal structures available to local nonprofits and will expand their capacity to assess the physical, financial, and organizational impacts of these options. Nonprofit professionals that have previously reviewed a term sheet, space program, capital budget, and/or other real estate-related documents will have the greatest opportunity to derive actionable insights from this workshop.

Key Takeaways:

  • Baseline information about nonprofit-specific leasing and purchasing processes in New York City.
  • Increased capacity to assess the unique real estate needs of the attendee’s organization.
  • A fuller understanding of mission-first approaches to real estate projects, and how to plan for a project that embraces that approach.


This workshop will be presented by Lauren Davis, Transaction Services Manager, and Paul Wolf, Co-President of Denham Wolf Real Estate Services.

Area of Excellence: Financial Management

Level: Intermediate Prior Knowledge (301 level): Attendees should have intermediate knowledge of the subject area before arriving. (Presenters will define words, as requested, but will generally assume that attendees understand most concepts presented.)


Please Note: This meeting is open to both current NPCC nonprofit members and non-member organizations and may be limited to ONE person per organization due to space constraints. If your organization is not a current nonprofit member of NPCC, you can visit http://www.npccny.org/membership/how-to-join/ for more information on joining NPCC.


Refund policy: Registrants who cancel their registration on or before 1 week will receive a full refund. Those who cancel on or before DAY PRIOR will receive a 50% refund. No refund will be made for cancellations made on or after DAY OF All cancellations must be submitted in writing.


Registration is required. Please be advised that by registering for this event, unless we hear from you otherwise, we will include you as part of our regular mailing list. By enrolling for this event, you hereby: (1) give consent for NPCC or any third parties to use your photograph or image in its print, online and video publications; (2) release NPCC, its employees and any outside third parties from all liabilities or claims that you might assert in connection with the above-described uses; and (3) waive any right to inspect, approve or receive compensation for any materials or communications, including photographs, videotapes, website images or written materials, incorporating photos/images of you. To revoke this waiver, please email Education and Training Manager, Joseph Taylor, at jtaylor@npccny.org.

Date and Time

Location

Nonprofit Coordinating Committee of New York

135 West 36th Street

15th Floor

New York, NY 10018

View Map

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