A real estate developer is an individual or organization that acquires real estate with the intention of transforming it or increasing its value in many ways. OakGrove Development is always seeking to acquire undervalued real estate assets in great locations with historic value. A development project might not always be a vacant piece of land or a vacant dilapidated building. We have acquired buildings that were fully occupied but had some aspects that were missing in reaching highest, best use and value. Such as buildings with low rents, high expenses, or a less than optimal tenant mix. So what does is take to be a successful developer?
A successful developer possesses the following qualities:
This blog serves an an outlet for all of our invaluable team members to share their insight on development, property management, and all things affecting real estate in our community.