Module 2- Real Estate

____ = Assets - Liabilities

This can be used as ____ to buy ___

Equity

Capital, Real Estate

What are Ralph Bennett 3 Major Interests?

1. Housing

2. Urban Design

3. Sustainability

What are the 9 Stages of the Housing Affordability Process

1. Find Land

2. Pay Soft Costs

3. Pay Development Fees

4. Secure Financing

5. Pay Permitting Fees

6. Pay Builder

7. Find Tenants

8. Begin Maintenance Management

9. Find Buyer For Project

What are the “Bundle Of Rights”?

-Air rights

-Mineral Rights

-The gas company can have easement to use land

-Tenants rights to occupy buildings

How would you describe Real Estate?

An art form, creative & complex, and partly logical & partly intuitive

What are the 4 steps to Real Estate Analysis?

1. Market Value → Feasibility & Market

2. Market Dynamics → Market Competition & Trends

3. Development or Operating Costs → Calculating Costs

4. Calculate Return On Investment → ROI Targets

What are the 8 stages of Real Estate Development?

1. Idea Inception

2. Idea Refinement

3. Feasibility

4. Contract Negotiation

5. Formal Commitment

6. Construction

7. Completion + Formal Opening

8. Property, Asset, and Portfolio Management