Real Estate Readiness Workshop Three Part Series
Join Community Vision for a three-part series designed for organizations who are considering, or are embarking on a facility project.
Date and time
Location
Various locations; check description
n/a n/a, CA 0000000About this event
*The August 11th Real Estate Readiness Session 3 workshop will be presented in person and via Zoom.*
Physical location:
Sobrato Center for Nonprofits Palo Alto
3460 W Bayshore Rd
Palo Alto, CA 94303
In this three part series you will learn how to assess your organization’s financial readiness, whether you should pursue leasing or buying, and how to get on the path to facility ownership. These workshops are ideal for executive directors, senior managers, and board members who are looking for real estate solutions for their organization. Executive directors and board chairs are strongly encouraged to attend together.
Session 1: Financial Readiness for a Real Estate Project
May 24, 10am-1pm
Sobrato Center for Nonprofits Redwood Shores
330-350 Twin Dolphin Drive
Redwood City, CA 94065
This session will help you look at your organization’s financial wellbeing in relation to a real estate project. Together, we will explore:
- How to use financial ratios to understand your organization’s financial health and stability
- How to look at the implications of occupancy costs on your budget and what you might be able to afford
- Strategies to establish a reserve to support a real estate project or other organizational innovation
Session 2: Lease Vs. Buy Considerations: How to Make the Best Decision for Your Nonprofit
July 17, 10am-1pm
Sobrato Center for Nonprofits San Jose
1400 Parkmoor Ave.
San Jose, CA 95126
This session will provide you with a decision-making roadmap on what space solution best meets your needs and will highlight:
- What you need to consider to get ready for leasing and buying
- What are the capital and operating considerations for each scenario
- Benefits and risks of leasing
- Benefits, responsibilities, and pitfalls of ownership
Session 3: Deeper Dive: Path to Nonprofit Ownership (in person and via Zoom)
August 11, 10am-1pm
Sobrato Center for Nonprofits Palo Alto
3460 W Bayshore Rd
Palo Alto, CA 94303
This session takes us deeper into what it takes to put your organization on a path to buying a building. Together, we will review
- How to get ready to buy
- The real estate development process and timeline
- Financing options and strategies (putting together your capital stack)
- Legal structures for shared ownership
- Best practices for assembling your development and governance teams: who helps and makes decisions and when
- Asset management and responsibilities of ownership