LAND
Land Acquisition
Evaluate preliminary financial feasibility utilizing proprietary financial models
Provide a cursory assessment of zoning, entitlement and potential environmental issues with local municipality
Analyze potential development sites for service amenity scoring
Conduct internal market analysis of market comparables, rent studies, existing multifamily vacancy rates and local income demographics
Negotiate purchase and sale agreement terms and conditions with brokers and land owners to correspond with the project timeline
Entitlement
Evaluate design compliance with zoning ordinances, set back requirements and architectural design guidelines required by the local municipality
Engage 3rd party reports including environmental analysis for Phase 1 and 2 environmental studies, geotechnical studies, environmental Impact reports, traffic studies, acoustical studies etc.
Manage plan check and permitting process by managing architects, engineers, and local government planning official correspondence
Represent project and client in municipal meetings and public hearings where required
Disposition
Evaluate competitive properties, market valuations, location and other site attributes
Cursory assessment of zoning, entitlement and availability of utilities, tax incentives and other property sale inducements
Analyze potential development uses and matching developer buyers
Conduct internal market analysis of market comparables, rent studies, existing vacancy rates and local income demographics
Negotiate sale agreement terms and conditions with brokers and land owners to correspond with the project timeline
Consider types of sale (call for offers, auction, traditional)