From the course: Construction Finance Fundamentals

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Real estate market assessment and deal sourcing techniques

Real estate market assessment and deal sourcing techniques

From the course: Construction Finance Fundamentals

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Real estate market assessment and deal sourcing techniques

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- [Instructor] Before you can get to site selection and start the development project, a developer will assess economic factors. The types of economic factors that are important include demographics and demographic trends, demand and supply of various product types, employment statistics and trends, and the general condition of the financial markets. Market comparable transactions are also extremely important, that is, what transactions have occurred recently in the vicinity. These comparables should be for both undeveloped land and executed transactions that are for the finished product. For all comparables, we look at the current transactions and the trends. We can break down the pursuit focus into three buckets. First, the market. What geographic location are we targeting? By geographic focus, often we mean the city or town, but it can also include the submarket or neighborhood, or even as granular as a specific block. The second bucket is asset type. For example, do we want to…

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