YMCA of Greater New York
Selected via a competitive process, U3A prepared a strategic plan for the YMCA’s real estate in New York City. U3A’s team included CBRE, an architectural firm, a cost estimating firm, and a land use attorney. U3A completed an analysis of the YMCA’s 24 branch facilities, identifying feasible options for upgrade, expansion, replacement or disposition. The strategic real estate plan, which was adopted by the YMCA’s Board of Trustees, provided a road map and of how different facilities projects should be prioritized, funded, and phased. We also recommended financing, transaction structures, and potential development partnerships that could help the YMCA implement the recommended strategies for acquisitions and redevelopments. U3A then assisted the YMCA to implement the plan. We helped select a brokerage firm via a competitive process, evaluated numerous potential development sites, and conducted due diligence research of development partners.