BOSTON: Not-for-profits need joint ventures with REITs and private equity to release capital tied up in ‘cul-de-sac’ assets.
The pressure from capital markets is set to shake up the staid charity sector.
“A lot of them are focusing on partnerships and joint ventures” said an industry analyst. Whilst the sector is seeing less consolidation and affiliations driven by financial distress or necessity it is becoming the road to expansion…