“Buyers are attracted to new construction and gut-renovated properties when there is a PILOT program in place, and this property had a 30-year PILOT program in place already,” says Kislak's Joni Sweetwood.

Although property owners may be inclined to jump at the opportunity to boost their revenues, owners should fully understand all of the deal terms and the potential risks of entering into these kinds of arrangements, he stressed.

We talk to the Bascom Group about how the surge of investment activity has changed the Denver market.

Developer Scott Barone says the acquisition is a weather vane for development needs in Jamaica.