How to Manage Land Entitlement Risk During Real Estate Development 

How to Manage Land Entitlement Risk During Real Estate Development //
Before a real estate developer breaks ground on a project, they need to obtain all site plan and construction drawing approvals, and any other permits required by governing agencies.
Depending on the size and scope of a proposed project, the permitting process can be quite expensive and time-consuming. And the more government agencies that have a hand in the land entitlement process, the riskier a project for a real estate developer.
A key part of the real estate due diligence process is determining what kinds of land entitlement risks you may be exposed to during a project, and creating a risk mitigation plan to combat those challenges early in the process.
In this video, Matt discusses a couple of land entitlement challenges you need to be aware of, and several strategies you can use to manage that risk.
While you won't ever be able to completely eliminate entitlement risk from a development project, understanding how to navigate the requisite approvals and leveraging the right tools at our disposal, will ultimately result in a much higher likelihood of project success.
⌛ Timestamps ⌛
0:00 Introduction
1:10 Common Land Entitlement Challenges
2:52 Assemble the Right Real Estate Development Team
3:38 Enlist the Services of a Land-Use Attorney if Needed
4:18 Understand a Municipality's Future Land-Use Vision
4:58 Investigate Recently Approved Projects
6:07 Identify What Makes Local Government Officials Tick
7:09 More Resources
Our mission at Marsh & Partners is to help educate and guide business owners, investors, and developers through the complex world of real estate decision-making.
We're bullish on the freedom real estate provides, as both a passive investment and long-term wealth creation vehicle.
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