Historic Tax Credits
Design Process Management
Bid Process and Analysis
Construction Project Management
About the Client
The CFA Institute, the organization governing the Chartered Financial Analysts, is a global association of investment professionals with U.S. offices in Charlottesville and New York City and international offices in London, Hong Kong and Mumbai. The organization has more than 135,000 members in 150 countries and territories.
As a long standing international association, CFA sought a long-term, financially viable, solution for locating its global operations center. CFA Institute retained JM Zell to assist with the purchase, financing, and subsequent adaptive re-use of a decommissioned historic hospital in Charlottesville, VA.
The JM Zell team supplemented the client project team with deep real estate expertise needed to successfully acquire the property and deliver the adaptive re-use project. JM Zell was responsible for advisory and oversight through all critical project milestones including site acquisition, financing, government approvals (i.e. permits, historic tax credits, etc.), construction, commissioning and LEED certification, through final delivery.
The project was completed on budget and on time, meeting all project criteria for success. The project achieved LEED Gold certification with a design that also reflects the CFA’s values of transparency and ethical behavior.