LOS TRES UNIDOS APARTMENTS

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

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.

imageedit_40_2582436800

imageedit_38_9366535522

PROJECT INFORMATION

Protecting nonprofit property owners and tenants

Download the NCV Capital Case Study

Read the NCV Capital-NERVE Deal Press Release

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google