Real estate development, or property development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others.
From planning to permitting, from construction to completion, from marketing to selling and leasing, Compass Real Estate Investments is a one stop shop for all your development needs.
Real estate development, or property development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others.
Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate. 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 structure, and lease, manage, and ultimately sell it. Developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, leasing agents and more.
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Compass Real Estate Investments has been helping landowners maximize their developments potential for almost 25 years. From planning to permitting, from construction to completion, from marketing to selling and leasing, Compass is a one stop shop for your development needs. Our long standing relationships with lenders, landowners, governmental units and subject matter experts have made us the choice for landowners in South Texas for over a quarter century.
Compass Real Estate Investments offers fee development services to financial institutions and property owners. Our fee development services have helped our clients enjoy the higher values of selling finished lots without becoming a land developer.
In recent years, financial institutions and property owners have faced the possibility of becoming land developers. Plans devised in the good times fell short and stepping into the position of the developer or builder promises greater returns than a bulk sale. Seldom do these parties have development expertise. The inherent complexity of partially finished improvements, financial security agreements, and permits and approvals (often on the verge of expiration) are usually beyond the expertise of banks and most property owners.
Compass has the experience and expertise to take land from raw state to finished development and beyond. Additionally, we handle all real estate brokerage services from sale to leasing. We are a one stop shop for all things land development.
From residential to commercial industrial, Compass has been collaborating with landowners and investors for 25 years to produce some very dynamic and successful land development projects. Compass has brought to life single family and multifamily projects. They have worked with owners, builders and investors to build warehousing, shopping centers, office complexes and develop raw land in anticipation of further development.
Ranch Development can be a massive undertaking. There many variables and regulatory compliance issues as well market driven conditions that can affect the overall success of a ranch development project. Compass Real Estate Investments navigated these issues for many of its clients. Our principals are ranchers first and foremost with a rich history and tradition of ranch land management. It’s that tie to the land that has made them successful in ranch development and sales. Compass can insure that your ranch subdivision it’s done carefully and respectfully while maximizing its revenue potential.
A developer’s fee is compensation to the developer for the time and risk involved to develop the project. It is typically based on the size of the project, the total development cost and the risk associated with the project.
The developer’s fee is just one consideration as the developer may also bring his resources to bear on any given project such as construction, property management fees, project ownership (if the developer will receive a return on equity the developer invested in the project), sale of tax credits to investors (for projects receiving Low-Income Housing Tax Credits) and commissions for sale and or leasing of completed projects.
You can estimate the developer’s fee, considering the size, risk, and cost of the development project, as well as the developer’s interest in the project. The developer’s fee is expressed as a percentage of the total development cost. Note that this percentage will change as you continue to input data on other costs.
