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​Real Estate

What is a real estate Developer?

12/8/2020

34 Comments

 
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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:
  • A deep understanding of the leasing markets in which they are pursing development.  If they are going to bring a vacant building back to life or transform it into a higher and better use, it is crucial to understand how the end user will value their space.  This knowledge is gained by studying comparable properties in relevant location and actually familiarizing themselves with those products.  It's one thing to understand market data but it requires a hands on approach to term that data into actionable intelligence.  At OakGrove Development, we utilize software systems like the Multiple Listing Service, CoStar and Loopnet to help us with data.  Not only that, we spend considerable amount of time walking properties, networking with brokers and appraisers.

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  • Successful development requires a rich understanding of how banks, lending institutions and investors analyze; underwrite property investments.  A developer might have several funding sources involved in a project.  Those funding sources may be investment partner equity, mezzanine debt, construction financing, historic tax credits, brownfield tax credits, economic development agency loans, grants, etc.  Because development involves a tremendous amount of up front capital, it is mission critical as to how a bank is going to look at your project, how an investor is going to look at our project and how a real estate broker will view it.  The reason for this is simple: knowing your exit strategy and financial stakeholders exit strategy.  How are you going to pay your investor back?  How are you going to pay your bank back?  At OakGrove development, we utilize our collective real estate experience of almost 40 years to not only bring the highest and best value to our projects but to also de-risk those projects through our conservative and exhaustive underwriting.

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  • Successful development requires relationships with best in breed third parties.  There are many experts, consultants and professionals who play a pivotal role in any project: attorneys, real estate brokers, bankers, architects, accountants, government agencies, environmental consultants, general contractors, etc.  Relationships with the right team members take years to form into the powerful bonds that result in development magic.  Relationships over transactions is a core value in our company.  Because when you find someone who shares your values, has honesty and integrity, who goes above and beyond... you stick by them.  Our relationships are our biggest asset.

34 Comments
Homeia link
3/30/2021 12:21:30 pm

Thanks for informative share about real estate developer...

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Alexa link
10/28/2021 05:06:32 am

Thanks for sharing such an informative blog. Really helpful to enhance knowledge about real estate developers. Keep on sharing such pieces of information in future also.

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Buyers Agent Sydney link
1/3/2022 01:45:08 am

Thank you for sharing your ideas with us. Keep on posting.
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Rosa Ricketts link
9/16/2022 10:55:52 am

This sounds interesting. It provided a lot of information and it is reliable. Worth to read, thanks for sharing this article

Reply
Asher Julian link
12/15/2022 11:34:21 am

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Mia Evans link
3/3/2023 08:52:52 am

It's interesting to know that understand the the bank, lending institutions, and investors would also be important to succeed in property development. I can imagine how this kind of industry is quite complex for people who have no education or experience regarding it. So I can imagine how important it would be to hire a professional to guide you in the process if you are interested in investing in the real estate world.

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Thomas Shumate link
3/8/2023 03:54:04 pm

It is mission critical as to how a bank is going to look at your project, how an investor is going to look at our project and how a real estate broker will view it. Thank you for the beautiful post!

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Richard Defranco link
3/11/2023 11:59:53 am

The 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. Thank you for taking the time to write a great post!

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Sam Langsley link
4/5/2023 06:45:58 pm

Your post is right on. Being a developer takes a lot of things: capital source, deal sourcing, local connections, process management and knowledge of the local zoning just to name a few. Thanks for the article.

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4/24/2023 01:03:34 am

I went to this blog to educate myself on the definition of a real estate developer. This was a very enjoyable piece to read. You would get the very best review possible over here, and people would also recommend you to others. I appreciate the research that you have done and how precisely you have presented these specific facts.

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Robert Morris link
6/8/2023 03:58:37 pm

There are many experts, consultants and professionals who play a pivotal role in any project: attorneys, real estate brokers,environmental consultants, general contractors, etc. Thank you, amazing post!

Reply
Danny Lewis link
6/21/2023 03:31:45 pm

A real estate developer is an individual or business responsible for the financing, building, marketing, and management of any real estate development project.

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Jeffery Brown link
6/23/2023 04:51:30 pm

A land engineer is an individual or business liable for the funding, building, promoting, and the board of any land improvement project. I truly appreciate your great post!

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6/26/2023 01:41:34 am

Thanks for sharing a very good informative blog I like it for more details please visit a website.

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Harold Maske link
6/29/2023 12:46:14 pm

A land engineer is an individual or business liable for the supporting, building, showcasing, and the executives of any land improvement project. I truly appreciate your great post!

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property management deland link
7/12/2023 12:03:34 pm

Thank you for this insightful blog post on real estate! As someone interested in the housing market, your article provided some valuable information and considerations.

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real estate agents in us link
7/12/2023 12:05:47 pm

I found your explanation of the current trends in the real estate market very interesting. Understanding factors such as supply and demand, interest rates, and market conditions can help both buyers and sellers make informed decisions. It's crucial to stay updated on these trends to navigate the market effectively.

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Greeley Farm & Ranch Realtor link
7/12/2023 12:07:06 pm

The tips you shared for buyers were practical and helpful. Conducting thorough research, working with a knowledgeable real estate agent, and getting pre-approved for a mortgage are crucial steps in the home-buying process. Your emphasis on setting realistic expectations and considering long-term goals is a valuable reminder for potential buyers.

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Rolando James link
7/13/2023 04:24:41 pm

A land engineer is an individual or business liable for the funding, building, promoting, and the executives of any land improvement project.

Reply
homes for rent in georgia link
8/22/2023 03:42:16 am

This article brilliantly captures the essence of a real estate developer's multifaceted role - from visionary to meticulous executor. It sheds light on the intricate dance between creativity, strategy, and market understanding that defines their success.

Reply
Arthur George link
8/23/2023 05:22:21 pm

How an investor is going to look at our project and how a real estate broker will view it. The reason for this is simple, knowing your exit strategy and financial stakeholders exit strategy. Thank you, amazing post!

Reply
real estate brokers usa link
8/24/2023 03:15:10 am

The world of real estate developers is insightfully explored in this essay. It efficiently simplifies the complexity of their job and emphasizes how important their contribution is to urban growth.


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Mitchell Walling link
8/31/2023 03:07:02 pm

It is mission basic with regards to how a bank will take a gander at your venture, how a financial backer will take a gander at our task and how a land intermediary will see it. Thank you for the beautiful post!

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Peter link
9/6/2023 05:34:49 am

That's right, successful development requires a rich understanding of how banks, lending institutions and investors analyze; underwrite property investments.

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conveyancing sutherland link
12/28/2023 09:49:57 am

Any person or organization in charge of the funding, construction, marketing, and administration of a real estate development project is known as a real estate developer. A developer, frequently with the assistance of real estate development firms, may buy a property or collaborate with its owners to rebuild on the site. Despite not being general contractors, developers frequently oversee the building of new projects. Although there are no legal requirements or training requirements for real estate development, some developers choose to pursue formal education in order to become real estate brokers, agents, or general contractors—all of which need to hold a certain degree of state-mandated license.

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Venkatgupta link
1/9/2024 06:53:52 am

Your explanation of current real estate market trends was very interesting. Understanding supply and demand, interest rates, and market conditions can aid both buyers and sellers in making informed decisions. It is critical to keep up with these trends in order to effectively navigate the market.

Reply
Grant Evans link
7/6/2024 08:20:39 am

This information is acquired by concentrating on practically identical properties in significant area and really finding out about those items. It's one thing to figure out market information however it requires a hands on way to deal with term that information into significant insight.

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Keven Potter link
11/11/2024 09:37:56 am

Great explanation of real estate development! It's fascinating how developers take an idea from concept to reality, transforming raw land into spaces that serve the community. I especially liked the breakdown of the different types of development projects. It's clear that real estate developers play a vital role in shaping neighborhoods and the local economy. Thanks for sharing such a thorough overview of what real estate development entails!

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Leif Duarte link
11/12/2024 08:56:56 am

Great post! Real estate developers play a key role in transforming land into functional spaces, whether residential, commercial, or mixed-use. They manage everything from financing and planning to construction and marketing. This career path demands a unique blend of business acumen, project management skills, and a deep understanding of market trends. It’s interesting to see how the responsibilities of a developer extend far beyond just construction.

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Shawn Whitaker link
11/13/2024 08:25:34 am

Great insights into the role of a real estate developer! It's fascinating how they transform properties by assessing market needs and managing everything from financing to construction. Their work is essential in reshaping communities and boosting local economies. I also appreciate the explanation of how they coordinate with contractors, architects, and other professionals to bring projects to life. A crucial part of the real estate industry!

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Kristopher Henson link
11/14/2024 09:05:50 am

Great insights on real estate developers! They play a vital role in transforming land into usable properties, from residential homes to commercial buildings. It’s fascinating how they oversee the planning, financing, and execution of projects, ensuring that developments meet market needs. If you’re considering becoming a developer or investing in real estate, this post offers valuable perspective on what the job entails. Thanks for sharing!

Reply
Hilton Watson link
11/15/2024 08:30:33 am

This post provides a great overview of what a real estate developer does. It highlights the key responsibilities, such as identifying potential properties, managing construction, and working with investors. Real estate developers play a vital role in shaping communities and enhancing local economies. It's also interesting to learn how they balance financial risks with potential rewards. This gives a clear picture of how diverse and strategic the role can be in the real estate industry.

Reply
Fabian Cabrera link
11/19/2024 09:22:48 am

This is a great overview of the role real estate developers play in transforming ideas into thriving communities. Your explanation of their impact on urban development is insightful. Thanks for shedding light on this essential profession!

Reply
Omar Boyer link
11/20/2024 09:46:33 am

An informative introduction to the role of developers in shaping communities. A good primer for anyone curious about the field.

Reply



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  • Our Services
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