Description
Book SynopsisThis book presents a new way of thinking about, teaching, learning, and practicing real estate development.
Real Estate Development Matrix describes the process in a two-dimensional model and presents seven Development Stages which form the horizontal axis, and eight sets of Development Tasks which form the vertical axis to define a 56-cell matrix. In each cell, money is spent and risks are taken to achieve certain tasks and thereby create (or destroy) value. This holistic process considers the entire life cycle of real estate from its green field inception to its brown field state.
The book is written by a real estate developer and academic, and the presented material is conceptual, practical, and non-technical. Jargon has been minimized as much as possible as the author introduces an entirely new model for real estate development that is both academically authoritative and developed in practice.
It is aimed at a general professional
Trade Review
"This book and the methodology it presents represents a significant leap forward in the understanding and teaching of the development process and industry… the methods presented in Real Estate Development Matrix are superior because they more accurately represent the way many, if not most, development firms and entities actually do business… Students found the material easy to understand and well aligned with the operations of known firms… well suited as a textbook… [and] worthy for use in professional education and as a simple reference for real estate professionals. The book’s organization of the real estate development industry and the development process as a matrix of seven development stages and eight development tasks is easy to understand and may be one of the best pedagogical methods of teaching the complexities of real estate development available at this time." Joshua A. Harris, New York University, USA
Table of ContentsPreface
About the authors
Acknowledgements
Table of Exhibits
Part I
1. Introduction
2. Real estate development defined
3. Real Estate Development Matrix
4. The third dimension
Part II
5. Introduction to the Stages of real estate development
6. Land Banking
7. Land Packaging
8. Land Development
9. Building Development
10. Building Operations
11. Building Renovations
12. Property Redevelopment
Part III
13. Real Estate Development Tasks: an overview
14. I. Acquisition Tasks
15. II. Financing Tasks
16. III. Market Analysis and Marketing Strategies Tasks
17. IV. Environmental Issues
18. V. Approvals and Permits Tasks
19. VI. Physical Improvements Tasks
20. VII. Transportation and Accessibility Tasks
21. VIII. Sales and Disposition Tasks
22. Summary
Afterword
Index
