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A simple way to get value now out of real estate

The pandemic has pushed many providers to rethink their real estate. Having homes with multiple landlords, no clear path to ownership, and fluctuating rents has driven an increased interest in sale, renovate, and leaseback projects.

Because CIL is a nonprofit, it is often able to do these projects in a way that results in lower lease payments for the agency, provides a clear path to ownership, and, when applicable, takes advantage of special financing programs such as the Facilities Consolidation Fund in Massachusetts.

CIL has completed dozens of sale, renovate, and leaseback projects over the years. A few advantages to this project type include:

Speed: With a willing seller, CIL can complete a sale/leaseback in as fast as one month.

Lower Rents: CIL can provide agencies with lower monthly rent payments than other private developers or landlords.

Fast capital: If the agency already owns the home, they can recapitalize with CIL.

Renovate: Sale/leasebacks are also a great way for homes to get any needed renovations without having to put any capital down.

Own: After completing a sale, renovate, and leaseback with CIL, at the end of the lease terms, CIL donates the home to the agency.

Learn more about CIL's Sale, Renovate, & Leaseback program with a case study here.