Case Studies
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Case Study: Highest and Best Market Reuse of Vacant Downtown Office Building
Real Estate EconomicsOffice to Residential ConversionRCLCO calculated the residual land value of the various reuse scenarios to determine which path would result in the optimal economic outcome for the ownership group...
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Case Study: Market Analysis and Development Recommendations for the Conversion of Office Space into Rental Apartments
Real Estate EconomicsOffice to Residential ConversionAfter assessing the economic and demographic trends in the overall market, RCLCO turned to the competitive landscape, identifying other rental properties in the area that provided a useful comparison to the subject site to provide insight as to what th...
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Case Study: Supply & Demand Analysis for Conversion of Existing Office Buildings into Live/Work Residential
Real Estate EconomicsOffice to Residential ConversionTo ground the analysis, RCLCO first examined the key drivers of rental housing demand in the market, the evolving impact of remote and hybrid work, as well as the long-term economic outlook....
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Case Study: Evaluating Portfolio Performance & Assessing Organizational Capabilities
Portfolio Analysis/OptimizationManagement ConsultingPortfolio StrategyCapital StrategyOrganizational ConsultingDespite a strong track record of development, a family office’s recent projects suggested that the robust economic results may have been the result of market movement more so than value creation. ...
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Case Study: Building a National Organization Poised for Growth
Public SectorManagement ConsultingOrganizational ConsultingRCLCO was retained to help diagnose the advantages and challenges associated with the company’s unique structure and design an organizational roadmap to support the company’s growth ambitions....
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Case Study: Developing a Plan to Enter a New Market
Management ConsultingPortfolio StrategyStrategy PlanningGeographic ExpansionOne of Britain’s largest investment managers had successfully developed a model of investing in large scale mixed-use developments within major urban centers throughout the UK in partnership with local government and private developers. ...
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Case Study: Implementing a Focused, Growth-oriented Geographic Strategy
Management ConsultingPortfolio StrategyStrategy PlanningGeographic ExpansionIn 2016, IRET (now Centerspace) pivoted from a multifaceted real estate company with a mix of commercial assets, to a single-purpose multifamily REIT. ...
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Case Study: Understanding Residents and Creating Real-time Insights
Management ConsultingConsumer InsightOperational StrategyAn expanding multifamily owner and operator was interested in better understanding the composition of their renter base in order to inform property operations and guide future investment decisions....
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Case Study: Post-merger Support for National REIT
Single-Family RentalsManagement ConsultingCapital StrategyOrganizational ConsultingConsumer InsightOperational StrategyFollowing a large-scale acquisition, a national residential REIT ($10B+ market cap), approached RCLCO to identify opportunities to optimize the corporate cost structure while growing ancillary revenues and launching tactical initiatives to deepen custo...
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Case Study: Building a Rationalized Real Estate Process
Public SectorManagement ConsultingOrganizational ConsultingStrategy PlanningOperational StrategyA municipality with land-holdings totaling 10 square miles in one of the nation’s densest and fastest growing metropolitan areas engaged RCLCO to improve its real estate management processes and rationalize a complex organizational structure stretchi...
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Case Study: Resort Residential Market Analysis for Kukui`Ula Master-Planned Community
Real Estate EconomicsSecond Home / Vacation HomeIn late 2021, the partially developed Kukui’ula master-planned community was sold to Brue Baukol Capital Partners for $183.5M, and RCLCO’s market study was used as support for the transaction. To date, about 280 house lots have been sold, and about...
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Case Study: Steamboat Springs Resort Employee Housing Needs Assessment
Real Estate EconomicsSecond Home / Vacation HomeUsing RCLCO’s analysis, Steamboat Ski & Resort Corporation was able to thoughtfully anticipate the resort’s future workforce housing needs that would result from the increased visitor capacity....
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Case Study: Consumer Research Regarding Architectural Preferences for Home Shoppers Ages 55+
Consumer InsightA Residential Developer specializing in active adult communities was interested in attaining product intel that would help them optimize the marketability of its next generation of products. To do so, they desired a third-party analysis of their target...
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Case Study: Market & Submarket Opportunity Analysis for Real Estate Operating and Development Company
Real Estate EconomicsGeographic ExpansionRCLCO was chosen by a Real Estate Operating and Development Company to determine expansion potential and help with specific future development opportunities. ...
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Case Study: Geographic Expansion Analysis for Residential Developer
Real Estate EconomicsGeographic ExpansionA Residential Developer engaged RCLCO to assist in evaluating market expansion opportunities beyond their high-cost, East Coast metropolitan area....
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Case Study: Preliminary Market Assessment for Build-for-Rent Community
Real Estate EconomicsSingle-Family RentalsRCLCO focused its efforts on Willow Creek Manors, a planned 148-unit higher-density single-family detached rental development in Tomball, Texas....
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Case Study: Achievable Rent Analysis for Build-for-Rent, Single-Family Home Community
Real Estate EconomicsDevelopment FeasibilitySingle-Family RentalsIn this engagement, NexMetro was seeking to develop a new Avilla lifestyle community in Grand Prairie, Texas, situated in the middle of the Dallas-Fort Worth metroplex. In evaluating the development potential of this new community, NexMetro retained RC...
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Case Study: Retail Repositioning for NewMark Merrill Companies
Real Estate EconomicsDevelopment FeasibilityRetailValue-Add & RepositioningNewMark Merrill Companies, Inc. (“NewMark”) was considering redevelopment and repositioning opportunities, including a retail center in their portfolio. The company engaged RCLCO to help determine whether the center would be appropriate to redevelo...
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Case Study: Strategic Market Analysis for Electric Works
Competitive-Edge StrategiesDevelopment FeasibilityFiscal & Economic ImpactPublic-Private PartnershipValue-Add & RepositioningRTM engaged RCLCO to provide a quantitative, fact-driven assessment of the market opportunity given the large scale of the site, location just removed from the current activity hub, and adaptive reuse nature of the project....
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Case Study: University Trust Land Assessment for Arizona Board of Regents
Real Estate EconomicsAnchor Institution SupportPortfolio Analysis/OptimizationABOR engaged RCLCO to update an analysis done in 1996 for ASLD, which had identified 37 parcels that were ready or capable of development with significant revenue production at that time....
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Case Study: Strategic Market Analysis for Purdue Discovery Park District
Real Estate EconomicsAnchor Institution SupportDevelopment FeasibilityMultifamilyRetailOld Town Companies retained RCLCO to conduct a quantitative market analysis for the residential uses, which are envisioned in a Traditional Neighborhood Development (“TND”) format....
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Case Study: Strategic Development Direction for Anaheim Stadium District
Real Estate EconomicsAcquisition UnderwritingFiscal & Economic ImpactSports District DevelopmentAngels Baseball and Brooks Street, the team’s real estate advisor and development partner, engaged RCLCO to provide consulting services in support of their attempt to purchase Angel Stadium, along with the surface parking lots surrounding the stadium...
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Case Study: Economic Development for Point of the Mountain State Land Authority
Real Estate EconomicsFinancial Modeling & Optimization AnalysisPartner SelectionPublic SectorRCLCO began its work focused on the Point’s two greatest challenges: how to achieve the state’s economic development goals with development on site, and what role POMSLA ought to play in future real estate development. ...
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Case Study: Rental Apartment Development During the COVID-19 Pandemic
Real Estate EconomicsDevelopment FeasibilityMultifamilyRCLCO updated the forecasts in our initial study 60 days after the initial report was delivered to take into account all of the latest information and the latest outlook from the COVID-19 Downturn....
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Case Study: Land Redevelopment and Project Implementation of Connor’s Creek Power Plant
Real Estate EconomicsAcquisition UnderwritingFinancial Modeling & Optimization AnalysisPartner SelectionRCLCO worked with DTE to develop a collective point of view on the level of market support, the achievable character, and the scale of development the site can support, as well as a framework for discussing the risk that might be accepted by the develo...
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Case Study: Palmetto Bluff Strategic Development & Segmentation Strategy
Real Estate EconomicsCompetitive-Edge StrategiesDevelopment FeasibilityRCLCO was retained by Crescent Communities to provide strategic recommendations and a detailed segmentation strategy for the master-planned community of Palmetto Bluff in Bluffton, South Carolina. At the time the community, like the industry overall, w...
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Case Study: Market Opportunity Analysis for Sacramento City Center
Real Estate EconomicsCompetitive-Edge StrategiesDevelopment FeasibilityRetailSports District DevelopmentWith the Sacramento Kings poised to build a new arena in Downtown Sacramento, the time was ripe for land owners around the planned stadium to explore changes in market conditions driving development from the improvements that the arena would catalyze....
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Case Study: Re-Use Plan and Real Estate Strategy for Landmark Mall
Real Estate EconomicsPartner SelectionRetailValue-Add & RepositioningLandmark was a mid-1960, 675,000 square foot regional shopping center with Macy’s (originally Hechts), Sears and Lord & Taylor (originally Woodward & Lathrop) anchors. Originally an open air center, it was enclosed in the 1990s to improve its competi...
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Case Study: Downtown Revitalization and Masterplan for Tropicana Field
Real Estate EconomicsDevelopment FeasibilityPublic-Private PartnershipSports District DevelopmentRCLCO, as part of a vision planning team led by HKS Architects, was selected by the City of St. Petersburg, Florida to provide master planning services for the Tropicana Field site in Downtown St. Petersburg, currently home to the Tampa Bay Rays....
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Case Study: Economic Development and Neighborhood Revitalization Analysis for the Lafitte Corridor Greenway
Real Estate EconomicsFiscal & Economic ImpactPublic SectorPublic-Private PartnershipAs one of New Orleans’ signature revitalization projects in the wake of the devastation of Hurricane Katrina, the Lafitte Greenway was set to transform a former shipping canal and railroad right-of-way running through the heart of the city into a vib...
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Case Study: Financial Analysis and Transaction Strategy for Centennial Campus North Carolina State University
Real Estate EconomicsAnchor Institution SupportDevelopment FeasibilityFinancial Modeling & Optimization AnalysisThe Centennial Campus of North Carolina State University is a highly successful model of integrated research and academic facilities. The University administration retained RCLCO to help improve the park’s competitiveness and we recommended exploring...
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Case Study: Residential & Commercial Development Strategy for the Sienna Plantation MPC
Real Estate EconomicsCompetitive-Edge StrategiesDevelopment FeasibilityRCLCO was engaged by Toll Brothers to evaluate the remaining 3,700 acres of Siena Plantation, an established master-planned community in Fort Bend County, Texas, a suburb of Houston....
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Case Study: Competitive Advantages & Outlook for D.C. Submarket
Real Estate EconomicsCompetitive-Edge StrategiesDevelopment FeasibilityMultifamilyLCOR, a national real estate development, investment, operations, and asset-management company, was planning the development of a rental apartment community in the then pioneering new neighborhood called the Union Market District of Washington, D.C...
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Case Study: A History of Providing Analyses & Strategy Recommendations for Lakewood Ranch
Real Estate EconomicsCompetitive-Edge StrategiesDevelopment FeasibilityFinancial Modeling & Optimization AnalysisThe 8,500 acre Lakewood Ranch, part of the 28,000 acre Shroeder-Manatee Ranch, is one of the top selling master planned communities in the U.S. It is home to nearly 12,000 households and over 15,000 employees working at over 1,385 businesses. It is bei...
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Case Study: Residential Market Analysis for Hercules Bayfront Mixed-Use Development
Real Estate EconomicsCompetitive-Edge StrategiesDevelopment FeasibilityMultifamilyTraditional mixed-use neighborhoods and integrated transit located along the waterfront in Hercules, California is the foundation of Hercules Bayfront. Hercules is centrally located in the San Francisco Bay Area along the I-80 corridor and is within mi...
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Case Study: Economic Development Market Analysis for Sandy Steps
Real Estate EconomicsCompetitive-Edge StrategiesDevelopment FeasibilityPublic SectorSandy, Utah is an urbanizing suburb of Salt Lake City located about 15 miles south of downtown along the I-15 freeway. The city of approximately 90,000 is located with the Wasatch region’s desired corridor and grew rapidly as a “bedroom” communit...
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Case Study: Economic Impact Analysis and Metropolitan Growth Strategy for the Atlanta Beltline
Real Estate EconomicsFiscal & Economic ImpactPublic SectorDuring the past 20 years, metropolitan Atlanta’s growth has occurred in widely spread and disconnected pockets of development which have strained the region’s quality of life and economic growth...
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Case Study: Capitol Riverfront Business Improvement District
Real Estate EconomicsFiscal & Economic ImpactPublic SectorRetailThe Capitol Riverfront BID is well-situated in a downtown adjacent, Metro-accessible location, without the constraints of being built out on an FAR and zoning basis. However, in the District of Columbia, investment in locations along the Green Line—i...
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Case Study: Expert Witness Regarding Tousa, Inc., Bankruptcy
Legal SupportRCLCO actively provides consulting and litigation support services regarding real estate issues, including serving as expert witnesses as required. One very prominent case for which RCLCO provided extensive litigation support and expert testimony was...
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Case Study: Expert Testimony Regarding Bankruptcy Reorganization Plan
Legal SupportRCLCO was retained by a custodian of bankruptcy trust to opine on the validity of a bankruptcy reorganization plan. The case involved a large regional community land development and homebuilding enterprise that slipped into bankruptcy as a result of ...
