benton habitat for humanity

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Conser CommercialA subsidiary of Conser Realty & Associates

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Benton Habitat for Humanity

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Client Needs• More space to house, inventory, office, and affordable housing

builder operations was a necessity for growth.

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Client Needs• More Enclosed and Covered Space to protect and preserve Habitat’s ReStore

inventory from Oregon’s wet weather.• Stay within the land-constrained City of Corvallis, OR

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Client Needs• Existing Location was a Long-Term Liability; It had significant

soil contamination, and cleanup issues resulting from previous use as a dry cleaning location and had very limited Parking for customers.

6Solution

Matthew Conser, CCIM Suggested and orchestrated a land “Swap Agreement” for Benton Habitat for Humanity. Leveraged this economic cycle to Habitat’s advantage; Trade up to a bigger/better property before it sells.

7Challenges

1. Structure a cash-free land-swap amenable to all stakeholders.

2. Complete a “Prospective Purchaser’s Agreement” with the DEQ.

3. Make it happen, before the preferred property sells to another…

8Cash-Free Swap

1. Kept all stakeholders engaged.

2. Overcame Bank and Private Lender resistance.

3. Convince the Habitat Board.

4. Utilized a DEQ regulation to Habitat’s advantage, the P.P.A.

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Prospective Purchasers Agreement

1. A PPA is the “Gold” standard for acquiring a previously contaminated site.

2. All parties benefited, including the Oregon Dept. of Environmental Quality (DEQ).

10Results

1. Moved from 2.13 acres to 3.3 acres with abundant parking.

2. At the corner of a State Highway with traffic signals.

3. Left behind 1940’s era buildings for 1980’s and newer buildings.

4. Increased from 12,000 sq. ft. covered area to 22,000 sq. ft. covered area.

11Benefits

Habitat will thrive and grow with more retail space. Both “Swap Properties” can now be put to more productive use. Habitat can continue their mission of providing more affordable housing to those in need. A win-win-win deal.