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Jeff Herter, Rye, NH, Highlights Adaptive Reuse as a Long-Term Housing Solution
Herter says adaptive reuse can turn overlooked buildings into housing and community assets as rental demand stays strong, the National Multifamily Housing Council said.
- Jeff Herter, Principal at Providence Real Properties, LLC, in Rye, New Hampshire, is encouraging developers to prioritize adaptive reuse as an effective way to address changing housing needs.
- With more than fifteen years of experience, Herter believes many older commercial and residential properties hold untapped potential when viewed through a long-term lens. "Every property has a story," he said.
- Successful projects begin with understanding local markets rather than focusing solely on the property itself. "You have to understand the community first," Herter said, emphasizing employment trends and neighborhood characteristics.
- Herter emphasizes patience and disciplined decision-making over chasing short-term trends. "There are very few shortcuts in real estate," he said, noting lasting value requires understanding fundamentals.
- The National Multifamily Housing Council projects strong rental housing demand over the next decade. Herter hopes more investors will adopt his long-term perspective to provide sustainable growth benefiting both investment and community.
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Why Jeff Herter, Rye, NH, Believes Housing Demand Starts With Local Communities
Housing demand is often discussed in broad terms. People talk about national rent growth, interest rates, construction costs, and population shifts. Those topics matter. But according to Jeff Herter, Rye, NH, the real story starts much closer to the ground. Jeff Herter, Rye, NH, is a real estate investor and Principal at Providence Real Properties, LLC. He has more than fifteen years of experience investing in and operating multifamily propertie…
The Berkshire Eagle+68 Reposted by 68 other sources
Jeff Herter, Rye, NH, Highlights Adaptive Reuse as a Long-Term Housing Solution
Coverage Details
Total News Sources70
Leaning Left8Leaning Right5Center45Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
14%
C 77%
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