LOS TRES UNIDOS APARTMENTS

ROFR Enforcement | Preservation Affordable Housing
ADVISORY / DEVELOPMENT  / FINANCING  / REHABILITATION
THE BREIF

Part-owner-tenant and non-profit organization NERVE negotiated the Right of First Refusal clause into the partnership contract for Los Tres Unidos over three decades ago. In 2017, it permitted the non-profit the right to file suit, blocking the sale of the property to an outside development company; preserving affordable housing for its residents.

WHAT WE DID

Robert Anazagasti of NERVE contacted NCV to exercise their ROFR in order to purchase Los Tres Unidos. NCV’s challenge was to secure capital within the 30 days permitted under agreement. By tapping NCV’s network of operators and investors we found the perfect partners in HVPG and Belveron to execute a multimillion dollar acquisition.

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PROJECT INFORMATION

Protecting nonprofit property owners and tenants

Download the NCV Capital Case Study

Read the NCV Capital-NERVE Deal Press Release