ROD Student Housing has had a long-standing, collaborative relationship with ROD Development and our other divisions like ROD Seniors & ROD Hotels, to assist our clients to turn unprofitable assets into businesses that will fill a gap in the market that is caused by factors such as the pandemic, economic crashes and so on.
Such synergy amongst our divisions allows us to be cost-efficient and deliver extraordinary results in conversion.
Real estate projects while under development offer a wide variety of options of conversion, but a minor error can sometimes cause piling up of undeniable costs in terms of money and time at the time of further conversion to the property.
We comb through the haystack and evaluate all the regulatory, technical or financial and other aspects of development and document the details for our clients and form a strategy to uplift the economic returns/yield on the project.
A couple of such examples that prove we walk the walk too is where we converted a student housing into senior home in a prominent location all while pulling in resources from other divisions to maintain and even improve all the ROCEs.
A hotel that was converted into a student housing as the fall in tourism in the region due to COVID-19 had adverse effect on the business.
The strategy of the repurposed model was to turn the rooms into long-term occupied beds that will stabilize the income and minimize the fixed cost.