Development due diligence
Development due diligence
Make sure your development or redevelopment play makes sense
Acquisition of land for development, or an improved asset with the intent to redevelop – should always be preceded by a thorough development due diligence process to make sure you have a complete and transparent view of all the risks, but also the opportunities.
Questions you might have and answers you need, include:
- Is this the development / redevelopment play with the highest potential return?
- What’s the likelihood of my development application being approved?
- What impact will this development / redevelopment have on the municipality and its economy?
- Are there zoning bylaws or restrictions that I need to be aware of?
- Will the municipality require a fiscal impact study when I submit my development application? (If so, what will that look like?)
- How should I budget for this development? Is there a way to understand the implications of different scenarios like an increase in development costs?
- Am I eligible for any tax grants, credits or incentives? How will my property taxes be affected by this development / redevelopment?
Optimize development value and profitability to get a robust return on your investment
No two developments or acquisitions are alike, but when you can draw insights from the past – it will give you the edge you need. Be prepared for the development application process, have a clear understanding of budget and expenses and be able to create an exit strategy, should the economic picture change.
Our development due diligence services include:
- Feasibility studies
- Highest and best use studies
- Project strategy and contract planning
- Budgeting and cost estimating
- Pro forma scenario and sensitivity analysis
- Fiscal and economic impact studies
- Eligibility for tax grants, credits and incentives
- Repositioning and rezoning costs
- Benchmark schedule analysis and master scheduling
We work with many large developers, associations, investors, and government organizations across the United States to provide:
- Market intelligence, backed by current and historical data & analytics
- Critical research and analysis of municipal finance issues
- Sophisticated understanding and approach to demographic and macroeconomic drivers of a successful development
- Timely, accurate, and trusted delivery of reports needed to fulfil on development applications
- Assistance during post-acquisition when you are working your way through the complicated development application process
- Transparent view and confidence in the feasibility of the development / redevelopment
- One-stop shop for all of your due diligence needs, including financial, physical and development due diligence
Contact a qualified expert
Our multi-disciplinary team of professionals brings a wealth of industry experience and unparalleled data-driven insights, providing the clarity you need to make informed decisions.