by dvmosomy | Thursday, October 3, 2024 | Affordable Housing
Services: Market Research and Absorption
Location: Holyoke, Colorado
THK prepared a market and economic feasibility study to assess the potential for LIHTC/CHFA rental apartments at a 0.85-acre property located adjacent to the existing Holyoke Housing Authority project in Holyoke, Colorado. The project was seeking a tax credit from CHFA and was targeted to low-income renter households. THK’s research included a projection of the market for rental apartment residential uses; an analysis of existing and proposed competition; and recommendations for the optimum rental rates by unit type. Unit absorption and a recommended development model for build-out were programmed. The recommendations also included estimates of the total units for which market support existed, amenities and parking requirements. THK ensured that the appropriate mix of rental rates met LIHTC/CHFA guidelines.
by dvmosomy | Thursday, October 3, 2024 | Affordable Housing
Services: Market Research and Absorption
Location: Sheridan Lake, Kiowa County, Colorado
THK assisted Kiowa County Economic Development Foundation (KCEDF) in determining the development feasibility and market potential of building affordable housing opportunities throughout Sheridan Lake, Kiowa County, Colorado. THK created an economic base analysis and displayed a thorough understanding of the surrounding supply and demand marketplace for affordable housing along with demand factors from a proposed $2B wind energy project . Data included interviewing key people and qualifying existing and proposed competitive developments, quantifying pent-up affordable housing demand today, and projected affordable housing demand over the next decade. (New Para) THK’s data on housing characteristics by affordability, unit-type, square footage, rental rate, and occupancy was used in conjunction with regional and local planning efforts to determine a suitable and receptive development. THK’s research projected affordable housing demand by unit type, rental rate, and size in order to recommend an appropriate development that blended seamlessly into the surrounding community. This was a CHFA certified market analysis.
by dvmosomy | Wednesday, October 2, 2024 | Appraisals
Services: Golf Course Operations Analysis and Appraisal
Location: San Francisco, California
The iconic Presidio property, once a military operation, offered a multitude of uses including a championship golf course. The golf course was managed by a private operator with a long-term lease. As the lease was nearing expiration, THK Associates, Inc. prepared an extensive golf course market analysis and valuation of the facility to assist the Presidio in negotiating a more favorable lease.
by dvmosomy | Wednesday, October 2, 2024 | Appraisals
Services: “As-Is” and “As-Redeveloped” Values
Location: Denver, Colorado
The Mullen Home property is owned by the Denver Archdiocese and was operated by The Little Sisters of the Poor for senior housing. After suspending operations for senior housing, THK provided an “As-Is” value and an “As-Redeveloped” value for the asset for planning purposes. The property is currently being used for affordable housing by The City and County of Denver and is slated for redevelopment for Senior Housing.
by dvmosomy | Wednesday, October 2, 2024 | Appraisals
Services: Estate Planning Appraisals
Location: Various States within the United States
THK assisted our client in appraising 34 properties across all asset classes in 10 states throughout the United States for estate planning purposes.
