Dirt NC
Conversations about all thing built environment in the Tar Heel State. We will be discussing places and spaces and the people who make them awesome!
Dirt NC
Real Estate 101 - Development Process Basics
Summary: I give an overview of the aspects of the development process for rental property including: Concept and Iteration, Gathering Resources and Contracting, Lease Up and Operations, and Risks in development.
Show Notes: Welcome to Dirt NC where we talk all about the places and spaces of North Carolina and the people who make them awesome, I am your host Jed Byrne.
Throughout my career in engineering, construction, finance, and development, I have covered just about all sides of the land use ecosystem. This show creates an opportunity for me to share what I have learned with you as well as introduce you to some of my friends, both new and old who are doing transformative work.
With each episode of Dirt NC my goal is to make sure you walk away learning something new about land use. I promise to keep it simple and straight to the point.
If you ever have a question for me, please reach out on Twitter at @Oakcitycre
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Today as part of the Real Estate 101 Series, we will be talking all about the basics of the development Process. We will discuss: Concept and Iteration, Gathering Resources and Contracting, Lease Up and Operations, and Risks in development.
1) Concept and Iteration
-Ideation
-Creation of Value
2) Gathering Resources and Contracting
-Site Control
-Capital
-Design
-Construction
-Legal
3) Lease Up and Operations
-Commercial Lease Up vs Multifamily
-Tenant Upfit
-Value created is based on NOI
4) Risks
-Time
-Financial
-Market
-Uncertainty
-Opportunity
-Environmental
-Rezoning/Entitlement
-Lease Up
I would love to get your feedback, reach out and let me know what your latest multifamily experience was like!
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As always, I am grateful that you have chosen to share this time with me! If you have comments/questions/suggestions about Dirt NC or anything land use related you can find me on twitter at @OakCityCRE and if you want a simple and to the point update on Raleigh commercial development you can subscribe to The Top Five, my free weekly newsletter at www.oakcitycre.com
Until next time, Thank you!