Real Estate.Ppt 1

Developing Real EstateDeveloping Real Estate

By: Haley Berry

ISM

6th Period

By: Haley Berry

ISM

6th Period

Hughes Capital ManagementLance R. Hughes

Hughes Capital ManagementLance R. Hughes

-CEO of Hughes Capital Management - Graduated from Texas Tech University with Bachelor of

Business Administration in FinanceCurrent Ownership of: Lance R. Hughes

Seven Medical Office Buildings in the Austin and Dallas areas; Transit Village Investments, Ltd, owner of major forced at Leander TOD Arbor Place- single family gated subdivision Two Ambulatory Surgery Centers in the Austin and Dallas areas; Construction and Development of a Medical Office Complex in Round Rock,

Texas, which include additional plans for expansion and development on adjacent property;

Significant Owner of Two Diagnostic Imaging Centers in Austin; and Present ownership in Apartments, General Offices, and Marina Properties.

-CEO of Hughes Capital Management - Graduated from Texas Tech University with Bachelor of

Business Administration in FinanceCurrent Ownership of: Lance R. Hughes

Seven Medical Office Buildings in the Austin and Dallas areas; Transit Village Investments, Ltd, owner of major forced at Leander TOD Arbor Place- single family gated subdivision Two Ambulatory Surgery Centers in the Austin and Dallas areas; Construction and Development of a Medical Office Complex in Round Rock,

Texas, which include additional plans for expansion and development on adjacent property;

Significant Owner of Two Diagnostic Imaging Centers in Austin; and Present ownership in Apartments, General Offices, and Marina Properties.

The ProcessThe Process

1. Identification

2. Due Diligence / Feasibility

3. Closing or Purchasing

1. Identification

2. Due Diligence / Feasibility

3. Closing or Purchasing

IdentificationIdentification

Data collection Become knowledgeable about the property

Networking all different types of people

Data collection Become knowledgeable about the property

Networking all different types of people

Due Diligence / FeasibilityDue Diligence / Feasibility

Zoning- Cities ability to control your use of the property. *

Platting- a legal tract. This verifies that a tract can be built upon and has street access, water, waste water, storm sewer etc.

Environmental- A phase I environmental report gives a report on the land and if its “environmentally” safe to build on. Could be restrictions. Problem might range from dumping, toxic waste, mining, spills, endangered species, etc.

Utilities- Provide water and sewers. Can I get the city to help run lines? Are the Utilites available, what will the cost of the utility extensions be? How much are the Capital Recovery fee’s?

Financial Feasibility- Can you afford it? Does the asset or proposed improve property make financial sense. Can you receive loans from the bank? What are operating cost and taxes expect to be? Will I profit from operations sale or both?

Utilities- Provide water and sewers. Can I get the city to help run lines? Are the Utilites available, what will the cost of the utility extensions be? How much are the Capital Recovery fee’s?

Financial Feasibility- Can you afford it? Does the asset or proposed improve property make financial sense. Can you receive loans from the bank? What are operating cost and taxes expect to be? Will I profit from operations sale or both?

Due Diligence / Feasibility

Closing / Purchasing PhaseClosing / Purchasing Phase

Arrange the financing of the project Does the property have good title? Is the survey clean?

Problems must be worked through so that the title company will issue a Title

Insurance Policy. Do you have investors to help buy the property? If not do you

or your company have the resources. If the project involves construction after acquisition then preliminary plans must be completed so that the cost of construction can be determined

If so- Purchase the property and begin the steps of new development or construction *

Arrange the financing of the project Does the property have good title? Is the survey clean?

Problems must be worked through so that the title company will issue a Title

Insurance Policy. Do you have investors to help buy the property? If not do you

or your company have the resources. If the project involves construction after acquisition then preliminary plans must be completed so that the cost of construction can be determined

If so- Purchase the property and begin the steps of new development or construction *

My Project (so far)My Project (so far)

Researched the Property Received Zoning from City Researched Zoning and Requirements

Create a Case study on Property Retrieve information from zoning official Map up a visual of what could be done if to purchase

property

Researched the Property Received Zoning from City Researched Zoning and Requirements

Create a Case study on Property Retrieve information from zoning official Map up a visual of what could be done if to purchase

property

My Vision- Hope to AccomplishMy Vision- Hope to Accomplish

Create a case study on piece of property Complete the Due Diligence/ Feasibility on this

particular part of property Make a case to my audience to purchase or

continue searching for another piece of property Provide understanding on how to develop a piece

of property and the steps that it takes to do so

Create a case study on piece of property Complete the Due Diligence/ Feasibility on this

particular part of property Make a case to my audience to purchase or

continue searching for another piece of property Provide understanding on how to develop a piece

of property and the steps that it takes to do so

Thanks!Thanks!

Thanks to Mr. Hughes and Mrs. Kilian for everything!

Thanks to Mr. Hughes and Mrs. Kilian for everything!