Owning Vs. Leasing Office Space for Nonprofits

Overview:

Learn more about various scenarios that should be considered by nonprofit organizations when looking to acquire office space (either by lease or purchase) primarily for administrative operations as opposed to uses related to the organizations' mission.

The discussion will include the relative merits of ownership and leasing, establishing appropriate size and layout, elements of the space, typical economic terms and the ways they may differ in a lease vs. own scenario, as well as some of the legal concerns related to each.

Presenter:

Michael A. Pink is a principal and managing broker of MAP Real Estate, Inc., which he founded in 1986. The firm limits its practice to exclusively representing office tenants in the Chicago metro area and has handled thousands of negotiations for hundreds of clients since its inception. MAP prefers to represent NFPs and their for-profit supporters, including organizations involved with healthcare, pro-bono legal services, social advocacy, environmental issues, public education, and arts education, among many others. In order to continue giving back to the NFP community, we created Investing In Communities®, a program which has donated over $250,000 to our NFP clients and to the NFPs supported by some of MAP's for-profit clients.

Cost: $35.00 per participant, $25.00 if ShoreBank nonprofit customer

Registration: Space is limited and registration is required. Please call 773-420-5143 or email shorebanknonprofitresources@sbk.com