Development & Construction Services
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Transcript of Development & Construction Services
Development & Construction Services
Capabilities Presentation
Who We Are & What We Do Principals: Lee Allen & Rob Leonard Focus: Pursuit of multi-family
construction and development opportunities
Build internally funded projects Provide development and construction
services for external investors Recent Projects: Eastside on Ross and
Eastside on Lindell. www.eastsidetownhomes.com
Development Services Land acquisition
Assess markets and land values Identify buildable land Negotiate land price
Project assessment Create proforma to determine project
feasibility Analyze sales comps
Finance Construct project package related to
raising debt and equity Make introductions and attend meetings
with prospective banks and investors Negotiate terms
Development Services (Continued) Pre-development
Civil Structural Platting Architectural Permitting
Legal Create partnerships Set up condo docs and HOA Hire HOA management company Chair HOA board until turned over to
homeowners
Development Services (Continued) Accounts Payable/Receivable
Verify and pay invoices Provide budget reports Coordinate bank draws Coordinate entity tax returns, 1099’s and K-1’s Reconcile and distribute proceeds after units are
sold Distribute shareholders profits and associated tax
documents Marketing
Develop marketing plan Interview and select Real Estate agent Negotiate commissions Negotiate marketing budget
Construction Services Pre-construction building evaluation
Architectural input Plan review/feasibility Develop construction timeline
Bids Receive multiple bids from subcontractors Negotiate pricing Choose contractors Obtain insurance documents from subs
Budgeting Use bids to create construction budget Manage budget and overruns Consult with investors on change orders
Construction Services (Continued)
Land preparation Demo of any existing structures Oversee grading Install temporary and silt fencing
Construction Management Schedule subs Meet with building inspection Quality control Maintain lot/street cleanliness Loss prevention Obtain CO
Make Ready Complete any repairs required from buyer walk
through Complete any repairs required by buyer’s inspector