Real Estate Development Matrix

Daniel B. Kohlhepp is the president of Granite Road LLC. He is a former senior lecturer and academic program director of the Master of Science in Real Estate and Infrastructure Program at the Johns Hopkins Carey Business School. He began his career in real estate as a college professor at the University of Oklahoma and Penn State University and then spent 30 years as a real estate investor and developer before returning to academia. In 2007 the Homer Hoyt Institute recognized Kohlhepp as a Hoyt Fellow, and in 2012, he was elected to the board of directors of the Homer Hoyt Institute. He is an equity principal of the Real Estate Counselors Group of America, and he is also a member of the Appraisal institute and currently serves on the editorial board of the Journal of Sustainable Real Estate. Kohlhepp holds a PhD in Real Estate and Urban Planning Analysis from The Ohio State University and an MBA and BS degree from The Pennsylvania State University. Kimberly J. Kohlhepp, MSREI, LEED AP BD+C is currently the Associate Director of Development for Kimco Realty's Mid-Atlantic Region in Baltimore, MD. Before joining Kimco, she was a principal at Nestwood, LLC, a consulting firm focused on producing financial proformas, market research, and educational courses for real estate development teams and organizations. Kimberly has also worked with Brookfield Office Properties and Federal Realty Investment Trust in both property management and asset management roles. Kimberly holds a Master of Science in Real Estate and Infrastructure from Johns Hopkins University and a Bachelor of Arts in Anthropology from Ohio.

Preface

About the authors

Acknowledgements

Table of Exhibits

Part I

1. Introduction

2. Real estate development defined

3. Real Estate Development Matrix

4. The third dimension

Part II

5. Introduction to the Stages of real estate development

6. Land Banking

7. Land Packaging

8. Land Development

9. Building Development

10. Building Operations

11. Building Renovations

12. Property Redevelopment

Part III

13. Real Estate Development Tasks: an overview

14. I. Acquisition Tasks

15. II. Financing Tasks

16. III. Market Analysis and Marketing Strategies Tasks

17. IV. Environmental Issues

18. V. Approvals and Permits Tasks

19. VI. Physical Improvements Tasks

20. VII. Transportation and Accessibility Tasks

21. VIII. Sales and Disposition Tasks

22. Summary

Afterword

Index