Finding Value in Difficult Properties

The easiest property to develop is not always the best investment. The easiest property to develop is not always the best investment. A clean, level site with favorable zoning, good access, adequate utilities, and few development restrictions is attractive to almost everyone. That usually means its advantages are already reflected in the price. More difficult …

The Importance of Exit Strategies in Real Estate Development

Real estate development usually begins with a vision. An owner sees an underused property, vacant site, or existing building and imagines what it could become. The early questions tend to focus on acquisition, design, approvals, financing, and construction. But there is another question that should be considered from the beginning: How do you eventually get …

Entitlements as a Form of Property Value Creation

When most people think about increasing the value of real estate, they think about construction. They picture renovating a building, adding square footage, or improving curb appeal. While physical improvements certainly add value, one of the most powerful ways to increase a property’s worth often occurs long before construction begins. It happens through entitlements. What …