Action

While the Cedrus would garner a lot of attention due to its excellent location and limited amount of inventory in the Windermere market, the Lee & Associates Multifamily Team understood that the strongest buyer would be one who could not only envision the opportunity to add significant value through capital improvements, but could also execute on the business plan to reposition the building. Through their marketing materials and conversations with potential buyers, the Multifamily Team clearly communicated the opportunity available. Knowing it is especially important for rehab groups to get a visual on unit conditions and spaces to realistically offer on a project of this nature, the Multifamily Team conducted a series of tours. Ultimately, they toured eight parties through the building and through the process were able to separate out the serious and certain buyers who had the experience and track record to perform on the purchase.