Real Estate Development & Management

Real estate development and management

Real estate development, or property development, is a business process, encompassing activities that range from the renovation and release of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.

Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.[2] Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it