Idea Inception Flashcards
Stages of Development
- Idea Inception
- Feasibility
- Preconstruction
- Construction
- Stabilization
- Asset Mgmt. and/or Sale
Market and Competitive Analysis
*M-C-SD-R-C
Macroeconomic Analysis Capital Markets Supply and Demand (LOCAL) Rents Costs
Physical and Design Analysis
*S-P
Scope - estimate Project Scope)
Program - Evaluate Programmatic Options
Political and Legal Analysis
*Z/P-P
Zoning/Planning - Evaluate Zoning/Planning
Politics - Evaluate Local Politics and sentiment toward development
Financial Analysis
*BOERRU
BOE-RR-U
BOE Pro Formas
Risk tolerances and Investment Thresholds
Financial Underwriting ‐ 1st Draft
- Developer uses info from all the other tasks in this phase to complete initial underwriting of project.
*Majority of projects don’t pass this initial test and thus don’t move onto next phase (Feasibility).
Project Management
*LOCOPTS
LOCO-PT-S
Identify Land Opportunities & Control Options
Est. Project Timeline
Evaluate Organization Strategy
Gate
Review and Approve
Gate
Review and Approve