DEVELOPMENT PHILOSOPY:
ROLE OF A MASTER DEVELOPER
In the world of "raw" (undeveloped) land, the master developer is the entity that researches, acquires, designs and entitles land for vertical development. The master developer bears the heavy costs and takes the largest risks at the beginning of a project: the initial exercise of due diligence, acquisition, master planning and the entitlement processes, which can last for years before construction begins. The master developer must possess many unique skills in order to be successful in a very competitive and market-sensitive environment, especially where large tracts of land are involved.
Those attributes include having an accurate, distinctive and exciting vision for the final, developed property; the ability to attract capital for the enormous costs associated with pre-development activities; finely-honed political acumen and adroit communication skills to navigate the entitlement processes; and finally, the experience to avoid costly mistakes early in the process so that the margins for error are minimized and the potential for profits are maximized.
ROCKINGHAM AS MASTER DEVELOPER
As a master developer, Rockingham's success reflects decades of experience in these particular real estate development disciplines and developer's services:
BANKING & FINANCE
- Self-funded Mechanisms
- Private REITS
- Private Placement Memoranda
- Investments Funds Management
- Debt and Debt-Enforcement Instruments
- Joint Venture Agreements
- Institutional Participation and Management
- General and Limited Partnership Agreements
- Due Diligence and Market Research
- Site Feasibility Studies
- Market Feasibility Studies
- Acquisition Activities
- Financial Structures to Complete Acquisition
- Securitization of Development Rights
- Development Vision
- Development Strategy and Disposition Planning
- Design Activities
- Envisioning
- Master Planning
- Engineering
- Pre-Construction Market Development
- Entitlement / Permitting
- Annexation
- Neighborhood Outreach Programs
- Information and Consensus Building
- Community Development Plans
- General Plan Amendments
- Specific Plan Adoption
- Site Plan/Subdivision Approvals/Plat Maps
- Special Use Permits
- Political Subdivision Agreements
- Development Agreements
- Disposition Development Agreements
- Owner Participation Agreements
- Project Management
- Team Building and Execution
- Joint Venture Partnerships
- Construction
- Real Estate / Project Marketing
- Real Estate Sales
- Management of Co-Developer Entities
