Valuation and Sale of Historic Farm for Conservation

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Warren-Pohl Farm in Chelmsford, Massachusetts

Develop a disposition plan by providing conceptual development plans and valuations of the property under the current separate ownerships, under hypothetical merged ownership, and under a hypothetical conservation restriction (CR) scenario.
Work with the owner's attorneys and tax advisors to consider the after-tax implications of each scenario as well as charitable gifting scenarios for conservation.
Offer a portion of the property to conservation organizations and represent the owners in the sale process.

Proving the development potential of the property, which had physical development constraints.
Managing the sale process and timeline during COVID-19.
Managing public relations and responding to many inquiries and questions from the public as well as controlling access to the property.
Reconciling two appraisals that the Town of Chelmsford received that had a wide disparity in value conclusions.
Assuring that the property would be used in a way that was consistent with the owner's vision.

Charitable bargain sale of a 54± acre portion of the property to the Town of Chelmsford for conservation.
The Property will be permanently encumbered by a conservation restriction (CR) held by the Chelmsford Land Conservation Trust.
The owners were able to claim tax benefits.