Updated about 3 years ago on . Most recent reply
To Sell or To Develop… That is The Question
My partners and I own an 86 unit property in IL that has good bones. We are trying to figure out if we should sell the property or dig our heels in and develop it into a Residential Care Facility for the Elderly (previous use of the building prior to us purchasing it) … any advice from experienced BP members is appreciated!
86 units
10+ acres with a pond
Development costs approx $3.5 million