What is a Real Estate Developer?
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 greenfield space and the sale of improved land or parcels to others. Developers are the coordinators of the activities, converting ideas on paper into real property.
A real estate developer is a real estate professional who specializes in creating new developments or renovating existing ones, marketing them successfully, and selling them. Working as a real estate developer is very challenging. Developers need to be able to assess a wide variety of future sites and determine whether or not they will be workable and acceptable. A real estate developer can look at an empty lot and find potential in it, or tour a decaying building and create a vision for remodeling and successfully selling it.
Experience in the real estate industry is critical, as a developer needs essential knowledge of the local market to know whether or not a project will be successful. Developers also need connections with local government officials, ranging from planning office employees who may provide recommendations to help push a project through to allies on planning commissions and city councils who will promote their projects.
Real estate developers are part of a much larger team. They need to work with architects, contractors, landscapers, politicians, and numerous other professionals, organizing the entire group and managing them effectively while maintaining control of the overall development project from start to finish.
Why Choose RCI?
At RCI, we apply our professional experience and expertise to successfully conceive, design, manage and implement each project’s development strategy, including the selection and management of key consultants, architects (local and international), general contractors, leasing brokers and property managers.
With more than 70 combined years of real estate experience, representing the development of more than a million square feet of property, we know what it takes to get the job done. We are a company of entrepreneurs with a reputation as creative visionaries who see possibilities where others do not. And as owners ourselves, we provide our clients the level of service we would want to receive. Through our highly collaborative process, we will ensure that your project will result in a unique environment that meets the needs of its investors as well as the community it serves.