This two-day program focuses on understanding the role of the real estate developer and the primary stages and steps in the real estate development process, including identifying development opportunities; defining financial objectives and the development program; preparing project schedules and budgets; undertaking feasibility studies incorporating zoning, environmental, design, market, and financial factors; evaluating risks and rewards and defining risk management strategies; defining site selection criteria; preparing residual land value analyses; gaining site control; negotiating required entitlements; assembling and managing the development team; creating the appropriate legal ownership entity structure; securing necessary debt and equity financing; managing the design and construction process; marketing the asset; and managing the completed asset, including both property management and asset management. There will also be a discussion of the skill, personality and style characteristics often shared by successful real estate developers.
This "nuts-and-bolts" course is designed to introduce potential entrepreneurs to real estate development or to enhance your ability to understand how real estate development fundamentals relate to your primary design, engineering, construction, legal, permitting, financing, marketing, or property management role as a member of a real estate development team. The course should also be valuable to intermediaries in the real estate development process including public officials responsible for reviewing, approving, and/or monitoring proposed real estate projects, particularly public-private partnership (PPP) projects. This course is not designed for real estate professionals seeking an advanced real estate development course.
The program will present critical real estate development principles and practices in a simple, understandable, and interactive manner that will demystify the real estate development process regardless of participants' prior level of real estate development experience. Varied asset types (residential, office, retail, hospitality, industrial and mixed-use) will be referenced to illustrate certain development principles.
The basic principles discussed in this program should be applicable to both domestic and global real estate.
