Maximizing Your Professional Advantage in CRE Development

     If you're interested in commercial real estate (CRE) and ground-up development and have clients in the development industry, you have a great head start!

     Your profession provides unique skills and information that can be applied towards building your expertise in CRE development. Gaining Financial Literacy and pro forma modeling skills makes you better able to serve your clients, make more informed investment decisions and opens the door for you to become a developer.

     Everyone has a unique set of skills and requirements when it comes to becoming a developer. For instance, an individual who works as a mortgage banker or investor may require more guidance in planning and construction and less in financial literacy, whereas an architect, land planner, or civil engineer may require more financial literacy and less support in planning and construction as they already have expertise in these areas.

    Regardless of your profession, the first step towards becoming proficient in ground-up development is gaining financial literacy. This means understanding the language, metrics, and principles of CRE and how to apply them in underwriting and determining the highest and best use of a property.

     One of the most common challenges I've encountered in my 55-year career as a developer is the inability of investors, professionals and aspiring developers to conduct pro forma analysis. Gaining knowledge of the language and metrics is important, but it's equally crucial to be able to apply this knowledge through running the numbers in a pro forma.

    Click the link below to learn more about our financial literacy course, which will make you fluent in the language and metrics of all commercial real estate asset classes and provide you with a pro forma that's designed to teach and underwrite ground-up developments.

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