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What is Real Estate Development? - Lester Parris Slide 1 What is Real Estate Development? - Lester Parris Slide 2 What is Real Estate Development? - Lester Parris Slide 3 What is Real Estate Development? - Lester Parris Slide 4 What is Real Estate Development? - Lester Parris Slide 5 What is Real Estate Development? - Lester Parris Slide 6
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What is Real Estate Development? - Lester Parris

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Lester Parris discusses what real estate development is in this in-depth presentation. For more information, please visit LesterParris.com!

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What is Real Estate Development? - Lester Parris

  1. 1. M A R K E T I N G P R O P O S A L W H A T I S R E A L E S T A T E D E V E L O P M E N T ? L E S T E R P A R R I S LesterParris.com
  2. 2. L E S T E R P A R R I S . C O M I N T R O D U C T I O N Real Estate development is a multi-step process that can be confusing, lengthy, and complicated. If you are new to this realm, there can be many obstacles that get in your way. For example, it can take years to bring a project from the initial planning stage through construction to final completion stage. These projects when it comes to real estate can be a highly lucrative investment opportunity. The overall scope of real estate development projects provides a product that does not currently exist in a market. Often providing the fresh new supply to please pent-up market demand. This can translate into a runaway success story, only when executed well. This is something that is pretty impossible to do with an existing asset. By better understanding the “life cycle” of a development project, investors can more confidently assess some of the risks associated with construction.
  3. 3. L E S T E R P A R R I S . C O M P R E - D E V E L O P M E N T This is the early stage of a project and it focuses on due diligence, research and permitting. This stage is usually the most variable in duration. When you invest in this stage, it carries the greatest and most varied risks because there are many unknowns. Some common steps included in this stage are: Surveys Permitting Arranging construction financing Environmental assessments Site plans, development plans, and building plans
  4. 4. L E S T E R P A R R I S . C O M C O N S T R U C T I O N Or otherwise known as the middle stage. The middle stage involves the improvements. After the pre-development tasks have been taken care of, the project risks at this stage are greatly reduced but still exist. Some steps included in this stage are: Pre-leasing Vertical construction Drawing on construction financing Project marketing
  5. 5. L E S T E R P A R R I S . C O M O P E R A T I O N Otherwise known as the final stage. The final stage of the development process, operation, is the first stage of the building’s life. After conclusion of the pre-development and construction risks may be removed by this point. The next step is obtaining tenants and is still as risk. Some steps included in this stage are: Finding a buyer Ongoing marketing and leasing Achieving stabilization Ramping up property management
  6. 6. L E S T E R P A R R I S . C O M T H A N K Y O U !   F O R M O R E I N F O R M A T I O N P L E A S E V I S I T L E S T E R P A R R I S . C O M

Lester Parris discusses what real estate development is in this in-depth presentation. For more information, please visit LesterParris.com!

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