At Landpool Partners, we approach things differently...

Opportunity and Needs Assessment - Before any other effort, preliminary landscape and market studies determine which parcels control shared resources and should be planned and designed as a unit. We conduct face-to-face interviews with area property owners to determine their unique needs and interests - specifically their land use visions and financial planning goals. This information is synthesized to create visions, build support and align expectations with local landscape and market potential.

Conceptual Design & Planning - Using the information revealed in the Assessment process, we design models that integrate property owners needs with market and landscape realities. Land-use modelling, at this stage, deals primarily with locating conservation areas and development envelopes in the most suitable, beneficial locations. Business modeling ensures successful implementation and that property owners are given equitable treatment through a variety of financial and legal options. In some cases, implementation can best be achieved through landpooling, wherein property owners form a partnership to control plan execution for their specific area.

Benefits of Landpooling

Traditional Planning & Implementation Techniques Landpooling
Planning by parcel and political boundaries Planning by economic and ecological analysis
Comprehensive plans amended project-by-project Secures regional vision through business planning and financial markets
Projects subject to parcel specific and market risks Diversifies parcel specific risk, consolidates market control
Individual projects may be too small to obtain affordable financing Eases capital attraction and cost through reduced risk an increased asset size
Piecemeal conservtion and development imposes externalities, reducing environmental protection and economic potential Unified planning protects resources in larger, more sustainable networks, while enhancing economic value
Parcel-by-parcel operations increase overhead expenses

Economies of scale reduce overhead expenses

  Enhances government support and likelihood of regulatory approvals by unifying planning of adjacent parcels and ensuring certainty and predictability
  Increased liquidity options for property owners protects parcels from unplanned subdivision, while easing inheritance, estate, and taxation issues.

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Landpooling offers many of the benefits of Transfer of Development Rights (TDR) or Purchase of Development Rights (PDR) programs without the administrative burden and expense.

TDR/PDR Programs Landpooling
Taxpayer funded start up and administration Privately funded and managed
Difficult valuation process Pro rata equity valuation according to current market value
Parcel-by-parcel implementation Multi-parcel application increases certainty and predictability
Rural development rights often have no value or market Rural conservation increases landpool value
Difficulty finding favorable 'receiving' zones Conservation and development areas determined according to green infrastructure planning and existing regulatory agencies
Works best in conjunction with top down regional planning 'Private' regional planning still subject to regulatory process
Limited group of buyers Diversified group of investors and buyers
May require 'banking mechanism' to facilitate market No bank or government acquisition of rights necessary

For more information write us at info@landpooling.com

 

 

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