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In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Applying zoning strategies may be helpful in certain situations or scenarios.</span> An organization could be interested in developing commercial properties in residential zones, or a company’s next commercial property could be too close to an industrial zone. A single property could also have multiple zoning classifications, such as when a company has a parcel of land that is half commercial use and half residential, but it wants the entire parcel to be commercially zoned.</p>\n<p>Below are a few <span style=\"font-weight: bold;\">ways zoning ordinances</span> can be adjusted in your favor.</p>\n<h2>6 CRE Zoning Strategies to Consider</h2>\n<p>Understanding commercial zoning ordinances is vital to securing property in locations that best suit your business and customers. Additionally, failing to abide by zoning regulations can be expensive, time-consuming, and potentially disastrous.</p>\n<p>Often, the opportunities for CRE owners to leverage zoning expertise and increase value are hidden in regulatory gray areas.</p>\n<h3>1. Rezoning</h3>\n<p>Rezoning involves reassigning property to a different category of use and development restrictions. Landowners usually need to <span style=\"font-weight: bold;\">petition to have their district rezoned</span>. Requests are more likely to be successful in areas where the district has undergone significant change.</p>\n<h3>2. Use Codes</h3>\n<p><span style=\"font-weight: bold;\">Accessory use codes</span> control what elements a property may include, like a solar power collector, fuel tank, or storage area. <span style=\"font-weight: bold;\">Ancillary use codes</span> permit uses of a property that may be outside of the exact zoning codes but align with the needs of the surrounding area.</p>\n<p>A corporate real estate owner may obtain an accessory use code if adding an accessory structure. For example, a detached garage may be considered accessory to the greater property because it is part of the same land but is subordinate and incidental. It’s important to note that the accompanying principal structure must be established before accessory use is considered lawful.</p>\n<h3>3. Zoning Variances</h3>\n<p>A <span style=\"font-weight: bold;\">zoning variance</span> is a discretionary, limited waiver that modifies the zoning regulations. This type of request concerns the owner’s land and not the district at large.</p>\n<p>For example, if a corporate real estate owner wants to deviate from zoning laws by building an addition to an existing building or changing what a building is used for, they need to seek a variance.</p>\n<h3>4. Conditional Use Permits</h3>\n<p>A <span style=\"font-weight: bold;\">conditional use permit (CUP)</span> may be granted given that the project is beneficial to the community. Upon receiving a CUP from local authorities, the project can proceed regardless of violating the known zoning violations. Some examples of CUP recipients in residential zones include convenience stores, schools, and churches. In industrial zones, CUP recipients include restaurants and gas stations.</p>\n<h3>5. &nbsp;Subdividing</h3>\n<p>An option for funding commercial development may include <a href=\"/articles/key-considerations-for-subdividing-excess-cre-or-land-lot-splits\" rel=\"noopener\"><span style=\"font-weight: bold;\">subdividing</span></a> previously purchased property and selling part of it. Owners need permission from their local zoning board before proceeding with subdivisions.</p>\n<h3>6. &nbsp;Planned Unit Development</h3>\n<p>A <span style=\"font-weight: bold;\">planned unit development</span>, or PUD, is a property that has been zoned for both residential and commercial uses. PUDs may also make other zoning ordinances more flexible, including setback rules or maximum building size.</p>\n<p>While it’s important to consider the costs and impacts to the surrounding area, using these strategies to adjust commercial zoning ordinances may offer an opportunity for you to add value to your <a href=\"/articles/3-ways-to-eliminate-unsupportive-owned-real-estate-assets\" rel=\"noopener\">CRE assets</a>.</p>\n<h2><strong>Get More Tips On How to Add Value to Your CRE Assets &nbsp;</strong></h2>\n<p>Zoning strategies aren’t the only way to increase the value of your CRE portfolio, of course. To uncover more ways to improve your portfolio, take the <a href=\"/cre-score\" rel=\"noopener\">CRE Score</a>.</p>\n<p>The CRE Score is designed to help you evaluate your real estate strategy on a deeper level. Based on your unique answers and ratings across five core areas, our algorithm generates a custom report filled with actionable insights and relevant resources. <a href=\"/cre-score\" rel=\"noopener\">Take the assessment now</a> and receive instant results.&nbsp;</p>\n<p>{{cta('7a1e5bae-4b44-4053-8ea6-ba7f75026ccd')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","post_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style=\"font-weight: bold;\">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"></p>","blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":0,"rss_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style=\"font-weight: bold;\">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Applying zoning strategies may be helpful in certain situations or scenarios.</span> An organization could be interested in developing commercial properties in residential zones, or a company’s next commercial property could be too close to an industrial zone. A single property could also have multiple zoning classifications, such as when a company has a parcel of land that is half commercial use and half residential, but it wants the entire parcel to be commercially zoned.</p>\n<p>Below are a few <span style=\"font-weight: bold;\">ways zoning ordinances</span> can be adjusted in your favor.</p>\n<h2>6 CRE Zoning Strategies to Consider</h2>\n<p>Understanding commercial zoning ordinances is vital to securing property in locations that best suit your business and customers. Additionally, failing to abide by zoning regulations can be expensive, time-consuming, and potentially disastrous.</p>\n<p>Often, the opportunities for CRE owners to leverage zoning expertise and increase value are hidden in regulatory gray areas.</p>\n<h3>1. Rezoning</h3>\n<p>Rezoning involves reassigning property to a different category of use and development restrictions. Landowners usually need to <span style=\"font-weight: bold;\">petition to have their district rezoned</span>. Requests are more likely to be successful in areas where the district has undergone significant change.</p>\n<h3>2. Use Codes</h3>\n<p><span style=\"font-weight: bold;\">Accessory use codes</span> control what elements a property may include, like a solar power collector, fuel tank, or storage area. <span style=\"font-weight: bold;\">Ancillary use codes</span> permit uses of a property that may be outside of the exact zoning codes but align with the needs of the surrounding area.</p>\n<p>A corporate real estate owner may obtain an accessory use code if adding an accessory structure. For example, a detached garage may be considered accessory to the greater property because it is part of the same land but is subordinate and incidental. It’s important to note that the accompanying principal structure must be established before accessory use is considered lawful.</p>\n<h3>3. Zoning Variances</h3>\n<p>A <span style=\"font-weight: bold;\">zoning variance</span> is a discretionary, limited waiver that modifies the zoning regulations. This type of request concerns the owner’s land and not the district at large.</p>\n<p>For example, if a corporate real estate owner wants to deviate from zoning laws by building an addition to an existing building or changing what a building is used for, they need to seek a variance.</p>\n<h3>4. Conditional Use Permits</h3>\n<p>A <span style=\"font-weight: bold;\">conditional use permit (CUP)</span> may be granted given that the project is beneficial to the community. Upon receiving a CUP from local authorities, the project can proceed regardless of violating the known zoning violations. Some examples of CUP recipients in residential zones include convenience stores, schools, and churches. In industrial zones, CUP recipients include restaurants and gas stations.</p>\n<h3>5. &nbsp;Subdividing</h3>\n<p>An option for funding commercial development may include <a href=\"/articles/key-considerations-for-subdividing-excess-cre-or-land-lot-splits\" rel=\"noopener\"><span style=\"font-weight: bold;\">subdividing</span></a> previously purchased property and selling part of it. Owners need permission from their local zoning board before proceeding with subdivisions.</p>\n<h3>6. &nbsp;Planned Unit Development</h3>\n<p>A <span style=\"font-weight: bold;\">planned unit development</span>, or PUD, is a property that has been zoned for both residential and commercial uses. PUDs may also make other zoning ordinances more flexible, including setback rules or maximum building size.</p>\n<p>While it’s important to consider the costs and impacts to the surrounding area, using these strategies to adjust commercial zoning ordinances may offer an opportunity for you to add value to your <a href=\"/articles/3-ways-to-eliminate-unsupportive-owned-real-estate-assets\" rel=\"noopener\">CRE assets</a>.</p>\n<h2><strong>Get More Tips On How to Add Value to Your CRE Assets &nbsp;</strong></h2>\n<p>Zoning strategies aren’t the only way to increase the value of your CRE portfolio, of course. To uncover more ways to improve your portfolio, take the <a href=\"/cre-score\" rel=\"noopener\">CRE Score</a>.</p>\n<p>The CRE Score is designed to help you evaluate your real estate strategy on a deeper level. Based on your unique answers and ratings across five core areas, our algorithm generates a custom report filled with actionable insights and relevant resources. <a href=\"/cre-score\" rel=\"noopener\">Take the assessment now</a> and receive instant results.&nbsp;</p>\n<p>{{cta('7a1e5bae-4b44-4053-8ea6-ba7f75026ccd')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","rss_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style=\"font-weight: bold;\">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"></p>","keywords":[],"tag_ids":[77269686336,77269686306,77269686345],"topic_ids":[77269686336,77269686306,77269686345],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"composition_id":0,"public_access_rules_enabled":false,"public_access_rules":[],"html_title":"How To Adjust Commercial Zoning To Increase Value","header":null,"password":null,"featured_image_alt_text":"people adjusting commercial zoning to increase CRE value","layout_sections":{},"enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":"Blog","campaign_utm":"Blog","meta_keywords":null,"meta_description":"Take a look at these strategies for adjusting your property’s commercial zoning to add value to your commercial real estate portfolio.","tweet_immediately":false,"publish_immediately":false,"security_state":"NONE","scheduled_update_date":0,"published_at":1674145020729,"past_mab_experiment_ids":[],"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":"","performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":13028929,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":false,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":95075453203,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg","featured_image_width":1920,"featured_image_height":1080,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyAsString={"use_featured_image":true,"post_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style=\"font-weight: bold;\">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Applying zoning strategies may be helpful in certain situations or scenarios.</span> An organization could be interested in developing commercial properties in residential zones, or a company’s next commercial property could be too close to an industrial zone. A single property could also have multiple zoning classifications, such as when a company has a parcel of land that is half commercial use and half residential, but it wants the entire parcel to be commercially zoned.</p>\n<p>Below are a few <span style=\"font-weight: bold;\">ways zoning ordinances</span> can be adjusted in your favor.</p>\n<h2>6 CRE Zoning Strategies to Consider</h2>\n<p>Understanding commercial zoning ordinances is vital to securing property in locations that best suit your business and customers. Additionally, failing to abide by zoning regulations can be expensive, time-consuming, and potentially disastrous.</p>\n<p>Often, the opportunities for CRE owners to leverage zoning expertise and increase value are hidden in regulatory gray areas.</p>\n<h3>1. Rezoning</h3>\n<p>Rezoning involves reassigning property to a different category of use and development restrictions. Landowners usually need to <span style=\"font-weight: bold;\">petition to have their district rezoned</span>. Requests are more likely to be successful in areas where the district has undergone significant change.</p>\n<h3>2. Use Codes</h3>\n<p><span style=\"font-weight: bold;\">Accessory use codes</span> control what elements a property may include, like a solar power collector, fuel tank, or storage area. <span style=\"font-weight: bold;\">Ancillary use codes</span> permit uses of a property that may be outside of the exact zoning codes but align with the needs of the surrounding area.</p>\n<p>A corporate real estate owner may obtain an accessory use code if adding an accessory structure. For example, a detached garage may be considered accessory to the greater property because it is part of the same land but is subordinate and incidental. It’s important to note that the accompanying principal structure must be established before accessory use is considered lawful.</p>\n<h3>3. Zoning Variances</h3>\n<p>A <span style=\"font-weight: bold;\">zoning variance</span> is a discretionary, limited waiver that modifies the zoning regulations. This type of request concerns the owner’s land and not the district at large.</p>\n<p>For example, if a corporate real estate owner wants to deviate from zoning laws by building an addition to an existing building or changing what a building is used for, they need to seek a variance.</p>\n<h3>4. Conditional Use Permits</h3>\n<p>A <span style=\"font-weight: bold;\">conditional use permit (CUP)</span> may be granted given that the project is beneficial to the community. Upon receiving a CUP from local authorities, the project can proceed regardless of violating the known zoning violations. Some examples of CUP recipients in residential zones include convenience stores, schools, and churches. In industrial zones, CUP recipients include restaurants and gas stations.</p>\n<h3>5. &nbsp;Subdividing</h3>\n<p>An option for funding commercial development may include <a href=\"/articles/key-considerations-for-subdividing-excess-cre-or-land-lot-splits\" rel=\"noopener\"><span style=\"font-weight: bold;\">subdividing</span></a> previously purchased property and selling part of it. Owners need permission from their local zoning board before proceeding with subdivisions.</p>\n<h3>6. &nbsp;Planned Unit Development</h3>\n<p>A <span style=\"font-weight: bold;\">planned unit development</span>, or PUD, is a property that has been zoned for both residential and commercial uses. PUDs may also make other zoning ordinances more flexible, including setback rules or maximum building size.</p>\n<p>While it’s important to consider the costs and impacts to the surrounding area, using these strategies to adjust commercial zoning ordinances may offer an opportunity for you to add value to your <a href=\"/articles/3-ways-to-eliminate-unsupportive-owned-real-estate-assets\" rel=\"noopener\">CRE assets</a>.</p>\n<h2><strong>Get More Tips On How to Add Value to Your CRE Assets &nbsp;</strong></h2>\n<p>Zoning strategies aren’t the only way to increase the value of your CRE portfolio, of course. To uncover more ways to improve your portfolio, take the <a href=\"/cre-score\" rel=\"noopener\">CRE Score</a>.</p>\n<p>The CRE Score is designed to help you evaluate your real estate strategy on a deeper level. Based on your unique answers and ratings across five core areas, our algorithm generates a custom report filled with actionable insights and relevant resources. <a href=\"/cre-score\" rel=\"noopener\">Take the assessment now</a> and receive instant results.&nbsp;</p>\n<p>{{cta('7a1e5bae-4b44-4053-8ea6-ba7f75026ccd')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","post_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style=\"font-weight: bold;\">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"></p>","blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":0,"rss_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style=\"font-weight: bold;\">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Applying zoning strategies may be helpful in certain situations or scenarios.</span> An organization could be interested in developing commercial properties in residential zones, or a company’s next commercial property could be too close to an industrial zone. A single property could also have multiple zoning classifications, such as when a company has a parcel of land that is half commercial use and half residential, but it wants the entire parcel to be commercially zoned.</p>\n<p>Below are a few <span style=\"font-weight: bold;\">ways zoning ordinances</span> can be adjusted in your favor.</p>\n<h2>6 CRE Zoning Strategies to Consider</h2>\n<p>Understanding commercial zoning ordinances is vital to securing property in locations that best suit your business and customers. Additionally, failing to abide by zoning regulations can be expensive, time-consuming, and potentially disastrous.</p>\n<p>Often, the opportunities for CRE owners to leverage zoning expertise and increase value are hidden in regulatory gray areas.</p>\n<h3>1. Rezoning</h3>\n<p>Rezoning involves reassigning property to a different category of use and development restrictions. Landowners usually need to <span style=\"font-weight: bold;\">petition to have their district rezoned</span>. Requests are more likely to be successful in areas where the district has undergone significant change.</p>\n<h3>2. Use Codes</h3>\n<p><span style=\"font-weight: bold;\">Accessory use codes</span> control what elements a property may include, like a solar power collector, fuel tank, or storage area. <span style=\"font-weight: bold;\">Ancillary use codes</span> permit uses of a property that may be outside of the exact zoning codes but align with the needs of the surrounding area.</p>\n<p>A corporate real estate owner may obtain an accessory use code if adding an accessory structure. For example, a detached garage may be considered accessory to the greater property because it is part of the same land but is subordinate and incidental. It’s important to note that the accompanying principal structure must be established before accessory use is considered lawful.</p>\n<h3>3. Zoning Variances</h3>\n<p>A <span style=\"font-weight: bold;\">zoning variance</span> is a discretionary, limited waiver that modifies the zoning regulations. This type of request concerns the owner’s land and not the district at large.</p>\n<p>For example, if a corporate real estate owner wants to deviate from zoning laws by building an addition to an existing building or changing what a building is used for, they need to seek a variance.</p>\n<h3>4. Conditional Use Permits</h3>\n<p>A <span style=\"font-weight: bold;\">conditional use permit (CUP)</span> may be granted given that the project is beneficial to the community. Upon receiving a CUP from local authorities, the project can proceed regardless of violating the known zoning violations. Some examples of CUP recipients in residential zones include convenience stores, schools, and churches. In industrial zones, CUP recipients include restaurants and gas stations.</p>\n<h3>5. &nbsp;Subdividing</h3>\n<p>An option for funding commercial development may include <a href=\"/articles/key-considerations-for-subdividing-excess-cre-or-land-lot-splits\" rel=\"noopener\"><span style=\"font-weight: bold;\">subdividing</span></a> previously purchased property and selling part of it. Owners need permission from their local zoning board before proceeding with subdivisions.</p>\n<h3>6. &nbsp;Planned Unit Development</h3>\n<p>A <span style=\"font-weight: bold;\">planned unit development</span>, or PUD, is a property that has been zoned for both residential and commercial uses. PUDs may also make other zoning ordinances more flexible, including setback rules or maximum building size.</p>\n<p>While it’s important to consider the costs and impacts to the surrounding area, using these strategies to adjust commercial zoning ordinances may offer an opportunity for you to add value to your <a href=\"/articles/3-ways-to-eliminate-unsupportive-owned-real-estate-assets\" rel=\"noopener\">CRE assets</a>.</p>\n<h2><strong>Get More Tips On How to Add Value to Your CRE Assets &nbsp;</strong></h2>\n<p>Zoning strategies aren’t the only way to increase the value of your CRE portfolio, of course. To uncover more ways to improve your portfolio, take the <a href=\"/cre-score\" rel=\"noopener\">CRE Score</a>.</p>\n<p>The CRE Score is designed to help you evaluate your real estate strategy on a deeper level. Based on your unique answers and ratings across five core areas, our algorithm generates a custom report filled with actionable insights and relevant resources. <a href=\"/cre-score\" rel=\"noopener\">Take the assessment now</a> and receive instant results.&nbsp;</p>\n<p>{{cta('7a1e5bae-4b44-4053-8ea6-ba7f75026ccd')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","rss_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style=\"font-weight: bold;\">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>\n<p><span style=\"font-weight: normal;\">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>\n<p class=\"entry-content\"></p>","keywords":[],"tag_ids":[77269686336,77269686306,77269686345],"topic_ids":[77269686336,77269686306,77269686345],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"composition_id":0,"public_access_rules_enabled":false,"public_access_rules":[],"html_title":"How To Adjust Commercial Zoning To Increase Value","header":null,"password":null,"featured_image_alt_text":"people adjusting commercial zoning to increase CRE value","layout_sections":{},"enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":"Blog","campaign_utm":"Blog","meta_keywords":null,"meta_description":"Take a look at these strategies for adjusting your property’s commercial zoning to add value to your commercial real estate portfolio.","tweet_immediately":false,"publish_immediately":false,"security_state":"NONE","scheduled_update_date":0,"published_at":1674145020729,"past_mab_experiment_ids":[],"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":"","performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":13028929,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":false,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":95075453203,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg","featured_image_width":1920,"featured_image_height":1080,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyMap={tag_ids=[77269686336, 77269686306, 77269686345], featured_image_alt_text=people adjusting commercial zoning to increase CRE value, layout_sections={}, blog_publish_instant_email_retry_count=0, css={}, topic_ids=[77269686336, 77269686306, 77269686345], css_text=, featured_image_width=1920, featured_image_height=1080, featured_image=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg, html_title=How To Adjust Commercial Zoning To Increase Value, campaign_name=Blog, campaign_utm=Blog, generate_json_ld_enabled=true, has_user_changes=true, attached_stylesheets=[], composition_id=0, allowed_slug_conflict=false, enable_google_amp_output_override=false, blog_publish_to_social_media_task=DONE_NOT_SENT, cloned_from=95075453203, published_by_id=13028929}, keywords=[], label=How To Adjust Commercial Zoning To Increase Value, language=en, languageVariant=false, layoutSections={}, legacyBlogTabid=null, legacyId=null, legacyPostGuid=, linkRelCanonicalUrl=null, linkRelCanonicalUrlColumn=null, listTemplate=, liveDomain=allegrorealty.com, mab=false, mabExperimentId=null, mabMaster=false, mabVariant=false, majorVersion=0, metaDescription=Take a look at these strategies for adjusting your property’s commercial zoning to add value to your commercial real estate portfolio., metaKeywords=null, migratedLegacyPost=false, name=How To Adjust Commercial Zoning To Increase Value, nextPostFeaturedImage=null, nextPostFeaturedImageAltText=null, nextPostName=null, nextPostSlug=null, onlyIdSlug=false, pageExpiryDate=null, pageExpiryDateColumn=null, pageExpiryRedirectId=null, pageExpiryRedirectIdColumn=null, pageExpiryRedirectUrl=null, pageExpiryRedirectUrlColumn=null, pageRedirectedColumn=false, pageTitle=How To Adjust Commercial Zoning To Increase Value, parentBlog='Articles' blog (77566846315) of hub id 6374170, password=null, passwordColumn=null, pastMabExperimentIds=[], performableGuid=null, performableVariationLetter=null, permissionedObjectType=Optional[BLOG_POST], personas=[], placementGuids=[], portableKey=null, portalId=6374170, position=null, postBody=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>
    <p class="entry-content"><!--more--></p>
    <p><span style="font-weight: bold;">Applying zoning strategies may be helpful in certain situations or scenarios.</span> An organization could be interested in developing commercial properties in residential zones, or a company’s next commercial property could be too close to an industrial zone. A single property could also have multiple zoning classifications, such as when a company has a parcel of land that is half commercial use and half residential, but it wants the entire parcel to be commercially zoned.</p>
    <p>Below are a few <span style="font-weight: bold;">ways zoning ordinances</span> can be adjusted in your favor.</p>
    <h2>6 CRE Zoning Strategies to Consider</h2>
    <p>Understanding commercial zoning ordinances is vital to securing property in locations that best suit your business and customers. Additionally, failing to abide by zoning regulations can be expensive, time-consuming, and potentially disastrous.</p>
    <p>Often, the opportunities for CRE owners to leverage zoning expertise and increase value are hidden in regulatory gray areas.</p>
    <h3>1. Rezoning</h3>
    <p>Rezoning involves reassigning property to a different category of use and development restrictions. Landowners usually need to <span style="font-weight: bold;">petition to have their district rezoned</span>. Requests are more likely to be successful in areas where the district has undergone significant change.</p>
    <h3>2. Use Codes</h3>
    <p><span style="font-weight: bold;">Accessory use codes</span> control what elements a property may include, like a solar power collector, fuel tank, or storage area. <span style="font-weight: bold;">Ancillary use codes</span> permit uses of a property that may be outside of the exact zoning codes but align with the needs of the surrounding area.</p>
    <p>A corporate real estate owner may obtain an accessory use code if adding an accessory structure. For example, a detached garage may be considered accessory to the greater property because it is part of the same land but is subordinate and incidental. It’s important to note that the accompanying principal structure must be established before accessory use is considered lawful.</p>
    <h3>3. Zoning Variances</h3>
    <p>A <span style="font-weight: bold;">zoning variance</span> is a discretionary, limited waiver that modifies the zoning regulations. This type of request concerns the owner’s land and not the district at large.</p>
    <p>For example, if a corporate real estate owner wants to deviate from zoning laws by building an addition to an existing building or changing what a building is used for, they need to seek a variance.</p>
    <h3>4. Conditional Use Permits</h3>
    <p>A <span style="font-weight: bold;">conditional use permit (CUP)</span> may be granted given that the project is beneficial to the community. Upon receiving a CUP from local authorities, the project can proceed regardless of violating the known zoning violations. Some examples of CUP recipients in residential zones include convenience stores, schools, and churches. In industrial zones, CUP recipients include restaurants and gas stations.</p>
    <h3>5. &nbsp;Subdividing</h3>
    <p>An option for funding commercial development may include <a href="/articles/key-considerations-for-subdividing-excess-cre-or-land-lot-splits" rel="noopener"><span style="font-weight: bold;">subdividing</span></a> previously purchased property and selling part of it. Owners need permission from their local zoning board before proceeding with subdivisions.</p>
    <h3>6. &nbsp;Planned Unit Development</h3>
    <p>A <span style="font-weight: bold;">planned unit development</span>, or PUD, is a property that has been zoned for both residential and commercial uses. PUDs may also make other zoning ordinances more flexible, including setback rules or maximum building size.</p>
    <p>While it’s important to consider the costs and impacts to the surrounding area, using these strategies to adjust commercial zoning ordinances may offer an opportunity for you to add value to your <a href="/articles/3-ways-to-eliminate-unsupportive-owned-real-estate-assets" rel="noopener">CRE assets</a>.</p>
    <h2><strong>Get More Tips On How to Add Value to Your CRE Assets &nbsp;</strong></h2>
    <p>Zoning strategies aren’t the only way to increase the value of your CRE portfolio, of course. To uncover more ways to improve your portfolio, take the <a href="/cre-score" rel="noopener">CRE Score</a>.</p>
    <p>The CRE Score is designed to help you evaluate your real estate strategy on a deeper level. Based on your unique answers and ratings across five core areas, our algorithm generates a custom report filled with actionable insights and relevant resources. <a href="/cre-score" rel="noopener">Take the assessment now</a> and receive instant results.&nbsp;</p>
    <p>{{cta('7a1e5bae-4b44-4053-8ea6-ba7f75026ccd')}}</p>
    <p style="text-align: center;"><!--HubSpot Call-to-Action Code --> <span class="hs-cta-wrapper" id="hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921"> <span class="hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921" id="bf95543d-915d-4128-b3e0-620ded7a5921" style="visibility: visible;" data-hs-drop="true"><a id="cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107" class="cta_button" href="https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b" cta_dest_link="https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/"></a></span>
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    <p class="entry-content"><!-- .entry-footer --></p>
    <!-- .entry-content -->, postBodyRss=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>
    <p class="entry-content"><!--more--></p>
    <p><span style="font-weight: bold;">Applying zoning strategies may be helpful in certain situations or scenarios.</span> An organization could be interested in developing commercial properties in residential zones, or a company’s next commercial property could be too close to an industrial zone. A single property could also have multiple zoning classifications, such as when a company has a parcel of land that is half commercial use and half residential, but it wants the entire parcel to be commercially zoned.</p>
    <p>Below are a few <span style="font-weight: bold;">ways zoning ordinances</span> can be adjusted in your favor.</p>
    <h2>6 CRE Zoning Strategies to Consider</h2>
    <p>Understanding commercial zoning ordinances is vital to securing property in locations that best suit your business and customers. Additionally, failing to abide by zoning regulations can be expensive, time-consuming, and potentially disastrous.</p>
    <p>Often, the opportunities for CRE owners to leverage zoning expertise and increase value are hidden in regulatory gray areas.</p>
    <h3>1. Rezoning</h3>
    <p>Rezoning involves reassigning property to a different category of use and development restrictions. Landowners usually need to <span style="font-weight: bold;">petition to have their district rezoned</span>. Requests are more likely to be successful in areas where the district has undergone significant change.</p>
    <h3>2. Use Codes</h3>
    <p><span style="font-weight: bold;">Accessory use codes</span> control what elements a property may include, like a solar power collector, fuel tank, or storage area. <span style="font-weight: bold;">Ancillary use codes</span> permit uses of a property that may be outside of the exact zoning codes but align with the needs of the surrounding area.</p>
    <p>A corporate real estate owner may obtain an accessory use code if adding an accessory structure. For example, a detached garage may be considered accessory to the greater property because it is part of the same land but is subordinate and incidental. It’s important to note that the accompanying principal structure must be established before accessory use is considered lawful.</p>
    <h3>3. Zoning Variances</h3>
    <p>A <span style="font-weight: bold;">zoning variance</span> is a discretionary, limited waiver that modifies the zoning regulations. This type of request concerns the owner’s land and not the district at large.</p>
    <p>For example, if a corporate real estate owner wants to deviate from zoning laws by building an addition to an existing building or changing what a building is used for, they need to seek a variance.</p>
    <h3>4. Conditional Use Permits</h3>
    <p>A <span style="font-weight: bold;">conditional use permit (CUP)</span> may be granted given that the project is beneficial to the community. Upon receiving a CUP from local authorities, the project can proceed regardless of violating the known zoning violations. Some examples of CUP recipients in residential zones include convenience stores, schools, and churches. In industrial zones, CUP recipients include restaurants and gas stations.</p>
    <h3>5. &nbsp;Subdividing</h3>
    <p>An option for funding commercial development may include <a href="/articles/key-considerations-for-subdividing-excess-cre-or-land-lot-splits" rel="noopener"><span style="font-weight: bold;">subdividing</span></a> previously purchased property and selling part of it. Owners need permission from their local zoning board before proceeding with subdivisions.</p>
    <h3>6. &nbsp;Planned Unit Development</h3>
    <p>A <span style="font-weight: bold;">planned unit development</span>, or PUD, is a property that has been zoned for both residential and commercial uses. PUDs may also make other zoning ordinances more flexible, including setback rules or maximum building size.</p>
    <p>While it’s important to consider the costs and impacts to the surrounding area, using these strategies to adjust commercial zoning ordinances may offer an opportunity for you to add value to your <a href="/articles/3-ways-to-eliminate-unsupportive-owned-real-estate-assets" rel="noopener">CRE assets</a>.</p>
    <h2><strong>Get More Tips On How to Add Value to Your CRE Assets &nbsp;</strong></h2>
    <p>Zoning strategies aren’t the only way to increase the value of your CRE portfolio, of course. To uncover more ways to improve your portfolio, take the <a href="/cre-score" rel="noopener">CRE Score</a>.</p>
    <p>The CRE Score is designed to help you evaluate your real estate strategy on a deeper level. Based on your unique answers and ratings across five core areas, our algorithm generates a custom report filled with actionable insights and relevant resources. <a href="/cre-score" rel="noopener">Take the assessment now</a> and receive instant results.&nbsp;</p>
    <p>{{cta('7a1e5bae-4b44-4053-8ea6-ba7f75026ccd')}}</p>
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    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p> 
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>, postFeaturedImageIfEnabled=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg, postListContent=<div class="entry-header table"> 
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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    </div> 
    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p> 
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>, postListSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg, postRssContent=<div class="entry-header table"> 
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    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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     </div> 
    </div> 
    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p> 
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>, postRssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg, postSummary=<div class="entry-header table">
    <div class="cell"><!--
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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    --></div>
    </div>
    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>
    <p class="entry-content"></p>, postSummaryRss=<div class="entry-header table"> 
     <div class="cell">
      <!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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     </div> 
    </div> 
    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p> 
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>, postTemplate=AllegroHS/templates/single-articles.html, potentiallyStale=true, previewImageSrc=null, previewKey=hQcdTBfP, previousPostFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/InflationCREbuildout.jpg, previousPostFeaturedImageAltText=view of commercial real estate buildout, previousPostName=4 Ways Inflation Impacts CRE Buildouts, previousPostSlug=articles/ways-inflation-impacts-cre-buildouts, processingStatus=PUBLISHED, propertyForDynamicPageCanonicalUrl=null, propertyForDynamicPageFeaturedImage=null, propertyForDynamicPageMetaDescription=null, propertyForDynamicPageSlug=null, propertyForDynamicPageTitle=null, publicAccessRules=[], publicAccessRulesEnabled=false, publicAccessRulesEnabledColumn=false, publishDate=2023-01-19 16:17:00, publishDateLocalTime=2023-01-19T16:17Z, publishDateLocalized=com.hubspot.jinjava.objects.date.FormattedDate@78ed1aa3, publishDateLong=1674145020000, publishDateSnakeCaseLong=1674145020000, publishImmediately=false, publishImmediatelyColumn=null, publishTimezoneOffset=null, publishedAt=1674145020729, publishedByEmail=null, publishedById=13028929, publishedByName=null, publishedUrl=https://allegrorealty.com/articles/how-to-adjust-commercial-zoning-to-increase-value, requiresDeletion=false, resolvedDomain=allegrorealty.com, resolvedLanguage=null, rssBody=<div class="entry-header table">
    <div class="cell"><!--
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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    --></div>
    </div>
    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>
    <p class="entry-content"><!--more--></p>
    <p><span style="font-weight: bold;">Applying zoning strategies may be helpful in certain situations or scenarios.</span> An organization could be interested in developing commercial properties in residential zones, or a company’s next commercial property could be too close to an industrial zone. A single property could also have multiple zoning classifications, such as when a company has a parcel of land that is half commercial use and half residential, but it wants the entire parcel to be commercially zoned.</p>
    <p>Below are a few <span style="font-weight: bold;">ways zoning ordinances</span> can be adjusted in your favor.</p>
    <h2>6 CRE Zoning Strategies to Consider</h2>
    <p>Understanding commercial zoning ordinances is vital to securing property in locations that best suit your business and customers. Additionally, failing to abide by zoning regulations can be expensive, time-consuming, and potentially disastrous.</p>
    <p>Often, the opportunities for CRE owners to leverage zoning expertise and increase value are hidden in regulatory gray areas.</p>
    <h3>1. Rezoning</h3>
    <p>Rezoning involves reassigning property to a different category of use and development restrictions. Landowners usually need to <span style="font-weight: bold;">petition to have their district rezoned</span>. Requests are more likely to be successful in areas where the district has undergone significant change.</p>
    <h3>2. Use Codes</h3>
    <p><span style="font-weight: bold;">Accessory use codes</span> control what elements a property may include, like a solar power collector, fuel tank, or storage area. <span style="font-weight: bold;">Ancillary use codes</span> permit uses of a property that may be outside of the exact zoning codes but align with the needs of the surrounding area.</p>
    <p>A corporate real estate owner may obtain an accessory use code if adding an accessory structure. For example, a detached garage may be considered accessory to the greater property because it is part of the same land but is subordinate and incidental. It’s important to note that the accompanying principal structure must be established before accessory use is considered lawful.</p>
    <h3>3. Zoning Variances</h3>
    <p>A <span style="font-weight: bold;">zoning variance</span> is a discretionary, limited waiver that modifies the zoning regulations. This type of request concerns the owner’s land and not the district at large.</p>
    <p>For example, if a corporate real estate owner wants to deviate from zoning laws by building an addition to an existing building or changing what a building is used for, they need to seek a variance.</p>
    <h3>4. Conditional Use Permits</h3>
    <p>A <span style="font-weight: bold;">conditional use permit (CUP)</span> may be granted given that the project is beneficial to the community. Upon receiving a CUP from local authorities, the project can proceed regardless of violating the known zoning violations. Some examples of CUP recipients in residential zones include convenience stores, schools, and churches. In industrial zones, CUP recipients include restaurants and gas stations.</p>
    <h3>5. &nbsp;Subdividing</h3>
    <p>An option for funding commercial development may include <a href="/articles/key-considerations-for-subdividing-excess-cre-or-land-lot-splits" rel="noopener"><span style="font-weight: bold;">subdividing</span></a> previously purchased property and selling part of it. Owners need permission from their local zoning board before proceeding with subdivisions.</p>
    <h3>6. &nbsp;Planned Unit Development</h3>
    <p>A <span style="font-weight: bold;">planned unit development</span>, or PUD, is a property that has been zoned for both residential and commercial uses. PUDs may also make other zoning ordinances more flexible, including setback rules or maximum building size.</p>
    <p>While it’s important to consider the costs and impacts to the surrounding area, using these strategies to adjust commercial zoning ordinances may offer an opportunity for you to add value to your <a href="/articles/3-ways-to-eliminate-unsupportive-owned-real-estate-assets" rel="noopener">CRE assets</a>.</p>
    <h2><strong>Get More Tips On How to Add Value to Your CRE Assets &nbsp;</strong></h2>
    <p>Zoning strategies aren’t the only way to increase the value of your CRE portfolio, of course. To uncover more ways to improve your portfolio, take the <a href="/cre-score" rel="noopener">CRE Score</a>.</p>
    <p>The CRE Score is designed to help you evaluate your real estate strategy on a deeper level. Based on your unique answers and ratings across five core areas, our algorithm generates a custom report filled with actionable insights and relevant resources. <a href="/cre-score" rel="noopener">Take the assessment now</a> and receive instant results.&nbsp;</p>
    <p>{{cta('7a1e5bae-4b44-4053-8ea6-ba7f75026ccd')}}</p>
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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    <p>As a director of commercial real estate, you may already be familiar with zoning regulations, <span style="font-weight: bold;">but do you know how they can help add value to your portfolio?</span> Zoning is the process of separating land into distinct zones, each of which allows for specific land uses. In some areas, zoning also regulates building characteristics such as height, density, and design.</p>
    <p><span style="font-weight: normal;">There are four main types of zoning: residential, commercial, agricultural, and industrial. Zoning codes within each type point to different districts, building sizes, building density, and building use.</span></p>
    <p class="entry-content"></p>, rssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg, safeFeaturedImageAltText=people adjusting commercial zoning to increase CRE value, scheduledUpdateDate=0, screenshotPreviewTakenAt=1674145057541, screenshotPreviewUrl=https://cdn1.hubspot.net/hubshotv3/prod/e/0/e615667e-c7f2-4c57-b767-60132842be35.png, sections={}, securityState=NONE, siteId=null, slug=articles/how-to-adjust-commercial-zoning-to-increase-value, stagedFrom=null, state=PUBLISHED, stateWhenDeleted=null, styleOverrideId=null, styleOverrideIdColumn=null, subcategory=normal_blog_post, subcategoryEnum=normal_blog_post, syncedWithBlogRoot=true, tagId=null, tagIds=[77269686336, 77269686306, 77269686345], tagList=[Consulting, Portfolio Management, Portfolio Optimization], tagNames=[Consulting, Portfolio Management, Portfolio Optimization], tagsForBuffer=[77269686336, 77269686306, 77269686345], targetObjectType=BLOG_POST, teamPerms=[], templatePath=, templatePathForRender=AllegroHS/templates/single-articles.html, themePath=null, themeSettingsValues=null, title=How To Adjust Commercial Zoning To Increase Value, tmsId=null, topicId=null, topicIds=[77269686336, 77269686306, 77269686345], topicList=[Consulting, Portfolio Management, Portfolio Optimization], topicNames=[Consulting, Portfolio Management, Portfolio Optimization], translatedContent={}, translatedContentEnumMap={}, translatedFromId=null, translations={}, tweet=null, tweetAt=null, tweetImmediately=false, unpublishedAt=0, updated=1674145020735, updatedById=13028929, updatedDateTime=2023-01-19T16:17:00.735Z, upsizeFeaturedImage=false, url=https://allegrorealty.com/articles/how-to-adjust-commercial-zoning-to-increase-value, useFeaturedImage=true, useFeaturedImageColumn=false, userPerms=[], views=null, visibleToAll=null, widgetContainers={}, widgetcontainers={}, widgets={module_16576370385602={body={module_id=79002237368, title_image={alt=building68, height=600, max_height=600, max_width=800, src=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/building68.jpg, width=800}}, css={}, child_css={}, id=module_16576370385602, name=module_16576370385602, type=module, order=7, label=hero-title-image, smart_type=null, styles={}, module_id=79002237368}}})
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    <p>Your corporate real estate—the physical embodiment of corporate strategy—is not different. As the first or second expense on an income statement, it’s important that your real estate continuously supports your<br>business goals.</p>
    <p>As the economy ebbs and flows, business leaders often recognize that their existing commercial real estate portfolio no longer aligns with their needs.</p>, paper_form={form_id=379fb75a-1f6f-4cb4-9b29-f4762f9c6848, response_type=inline, message=<p>Thanks for downloading the guide. <a href="https://f.hubspotusercontent20.net/hubfs/6374170/Portfolio%20Optimization%20Whitepaper/Allegro%20Realty%20Portfolio%20Optimization%20Whitepaper.pdf" target="_blank" rel="noopener"><strong>Click here to download it.</strong></a></p>
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    <p><span>That’s why we created this free resource: </span><strong>“Portfolio Optimization: The Essential Corporate Real Estate Guide.”</strong><span></span></p>
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Think: As consumer spending slows and revenues drop, companies may cut back on hiring employees or buying new equipment. If spending increases, new employees and more materials are needed to adapt to this change.</p>
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    Commercial Real Estate Portfolio Optimization Guide
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It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","post_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"rss_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","rss_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","keywords":[],"tag_ids":[77269685568,77269686306,77270935654,77270935677,77570820764,77267670076],"topic_ids":[77269685568,77269686306,77270935654,77270935677,77570820764,77267670076],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"composition_id":0,"public_access_rules_enabled":false,"public_access_rules":[],"html_title":"Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro","header":null,"password":null,"featured_image_alt_text":"","layout_sections":{},"enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":null,"campaign_utm":null,"meta_keywords":null,"meta_description":"See how Allegro helped JCU identify and select a property management company to manage their diverse real estate portfolio.","tweet_immediately":false,"publish_immediately":null,"security_state":"NONE","scheduled_update_date":0,"published_at":1664806412683,"past_mab_experiment_ids":[],"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":null,"performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":45397963,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":null,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":null,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg","featured_image_width":800,"featured_image_height":600,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyAsString={"use_featured_image":true,"post_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","post_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"rss_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","rss_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate 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performableVariationLetter=null, permissionedObjectType=Optional[BLOG_POST], personas=[], placementGuids=[], portableKey=null, portalId=6374170, position=null, postBody=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, postBodyRss=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, postEmailContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postFeaturedImageIfEnabled=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postListContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postListSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postRssContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postRssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postSummary=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    , postSummaryRss=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postTemplate=AllegroHS/templates/single-case-studies.html, potentiallyStale=true, previewImageSrc=null, previewKey=PoJzUhUX, previousPostFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/office7.jpg, previousPostFeaturedImageAltText=, previousPostName=Investment Company Saves $100K in Annual Rent With Turnkey Office Build-Out, previousPostSlug=case-studies/investment-company-saves-100k-in-annual-rent-with-turnkey-office-build-out, processingStatus=PUBLISHED, propertyForDynamicPageCanonicalUrl=null, propertyForDynamicPageFeaturedImage=null, propertyForDynamicPageMetaDescription=null, propertyForDynamicPageSlug=null, propertyForDynamicPageTitle=null, publicAccessRules=[], publicAccessRulesEnabled=false, publicAccessRulesEnabledColumn=false, publishDate=2022-10-03 14:13:32, publishDateLocalTime=2022-10-03T14:13:32.683Z, publishDateLocalized=com.hubspot.jinjava.objects.date.FormattedDate@14c41c4f, publishDateLong=1664806412683, publishDateSnakeCaseLong=1664806412683, publishImmediately=null, publishImmediatelyColumn=null, publishTimezoneOffset=null, publishedAt=1664806412683, publishedByEmail=null, publishedById=45397963, publishedByName=null, publishedUrl=https://allegrorealty.com/case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio, requiresDeletion=false, resolvedDomain=allegrorealty.com, resolvedLanguage=null, rssBody=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, rssSummary=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
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    Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio
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