What we do
Services
Our area of expertise is New Construction, Renovation & Conversion,
Green Building, Public-Private Partnership, Joint Venture Development,
Distressed Asset Intervention, Property Management
Pre-Development The early stage of a project focuses on due diligence, research and permitting.
The early stage of a project focuses on due diligence, research and permitting. It is often the most variable in duration. Investing at this stage carries the greatest and most varied risks, because there are many unknowns. Some of the common steps in this phase include:
- 01. Market analysis and feasibility studies
- 02. Land acquisition or securing option rights to purchase land
- 03. Environmental assessments
- 04. Surveys
- 04. Site plans, development plans, and building plans
- 04. Permitting
- 04. Some infrastructure improvements
- 04. Arranging construction financing
Middle Stage: Construction The middle stage involves constructing the improvements.
The middle stage involves constructing the improvements. Since the pre-development tasks have been completed, the project risks at this stage are greatly reduced but certainly not eliminated. Some of the common steps in this stage include:
- 01. Vertical construction
- 02. Project marketing
- 03. Drawing on construction financing
- 04. Pre-leasing
- 04. Arranging permanent financing
- 04. Arranging for property manager
Final Stage: Operation The final stage of the development process, operation, is the first stage of the building’s life.
The final stage of the development process, operation, is the first stage of the building’s life. While the pre-development and construction risks may be removed by this point, obtaining tenants is still at risk. Some activities during the final stage include:
- 01. Ongoing marketing and leasing
- 02. Finding a buyer, if not done earlier
- 03. Determining a hold strategy, if not selling
- 04. Ramping up property management