DEVELop

DEVELop - $719,461 Annual Cash Flow $480,539 OWN/OPERATE...

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University of Southern California PPD 362 May 7, 2009
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What is Real Estate Development?
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Residential (SFR, Condominiums, Apartments) Office Retail Mixed Use (combination of office/retail/residential, etc.) Industrial Real Estate Development Types
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Vision Location Demographics Broad Appeal Create Strong Relationships Create a Partnership with the Community Great Sense of Place Safe Secure and Enjoyable Mitigate Risk Maximize Value
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Land Cost:   $1,500,000 Soft Costs:               $2,500,000 Hard Costs:   $6,000,000 Total Develop. Costs:  $10,000,000 Net Operating Income: $1,200,000 Cash on Cash Return: 12.0% Cap Rate:      7.0% Value: $17,142,857 Value Created: $7,142,857 
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Value: $17,142,857 Total Develop. Costs:  $10,000,000 Loan: $10,000,000 LTV: 58.33% Net Operating Income: $1,200,000 Annual Loan PMT:
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Unformatted text preview: $719,461 Annual Cash Flow: $480,539 OWN/OPERATE PROJECT Typical Development Track Find Timeline 6 mos. 12 mos. 18 mos. 24 mos. Find/Design/ Entitle/ Pre-lease Design/ Entitle Pre- Lease Acquire Detail Design Construct Manage Typical Caruso Acquire/ LOI’s/Detail Design Construct Manage Acquisitions (due diligence) Legal Financial Analysis Market Analysis Community Relations / PR Entitlements Design/Architecture (building/landscape) Capital Markets/Finance Leasing Engineering (structural, environmental, etc.) Misc. Consultants (lighting/parking/branding… etc.) Construction Accounting Marketing Operations/Management Asset Management Real Estate Development Disciplines HUMAN VALUE / FINANCIAL VALUE Thank you....
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This note was uploaded on 01/31/2010 for the course PPD 362 taught by Professor Nielson during the Fall '08 term at USC.

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DEVELop - $719,461 Annual Cash Flow $480,539 OWN/OPERATE...

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