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Real Estate Development Process
12
Flashcards
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Feasibility Study
Analyzing the financial, legal, and technical aspects of the project to ensure success.
Entitlements
Obtaining necessary approvals, permits, and zoning changes from local authorities.
Marketing and Leasing
Promoting the project to attract buyers or tenants and executing lease agreements.
Disposition
Selling the property or transferring the ownership to another entity.
Site Selection
Choosing an optimal location, considering access, visibility, and regulatory factors.
Design Development
Creating detailed plans and architectural designs for the project.
Financing
Securing funding for the development project through loans, investors, or other financial instruments.
Construction
Overseeing the physical construction of the real estate development.
Renovation or Redevelopment
Improving or repurposing the property to enhance its value or functionality.
Operations and Management
Managing the property to ensure it's running efficiently and tenants' needs are met.
Acquisition
Securing control of the site through purchase or lease agreements.
Market Analysis
Assessing demand, supply, and economic trends to inform project viability.
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