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“Therefore, we approach real estate development as a “simultaneous
equation,” in which we solve for market, physical and financial feasibility
at the same time. Our work often involves “authoring” a
proprietary market analysis of the proposed project; “overlaying”
a conceptual design for the plan based on market and physical feasibility;
“underwriting” the financial and operational aspects of the
venture by producing a development budget and operating statement, to demonstrate
return on invested capital; and “translating” the economic terms
into documents—both deal structure and design criteria—that
will enable effective and timely implementation of the scheme.” |
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