Construction and development is an exciting, fast-paced segment of the commercial real estate industry. As a developer, your job requires vision and insight into the future; while simultaneously acting as a strong project manager for the tasks of the day. Daily to-dos include items such as site selection/acquisition, financing, contractor management, permit and license management, or pre-leasing space. Your schedule is excruciatingly tight and you therefore must depend on technology to give you additional bandwidth.
Challenges: With such a huge task at hand and so many aspects of the business to consider, you face a unique set of challenges. Some of those challenges are:
- Structuring the development proforma
- Arranging complicated financing
- Organizing invoices and vendors
- Tracking costs while maintaining a budget
- Accounting management – the need for a fixed asset solution
- Pre-lease tracking and workflow and the management of that space
- Mobility— staying connected to projects underway while scouting new ventures
CircleDeveloper is the established real estate development pro forma software in use by thousands of owners, developers, brokers, advisors and financial institutions involved in property management. Combined with cutting edge technology and simple user interface any level of development analysis is easy. CircleDeveloper is perfect for all forms of real estate including commercial, single or multi-family residential, retail, office, industrial, land development and any combination for mixed us developments.
DYNA provides the feasibility analysis to ensure the project will be successful. Construction costs, rent rates, financing assumptions, capital structure, and hard and soft development costs are all analyzed to determine the best potential outcome of a project.
With CTI, the trusted solution for property management, you are able to have a fixed asset solution that is critical to the operations of the construction and development of commercial real estate. This is especially important if you have the vision of holding this asset long-term. Another way CTI is able to help is with lease and space management. We know how critical it is to the success of most projects to pre-lease your property. CTI is able to track those activities with ease.
As a development and construction professional, your time is best spent in the field; however, it is important that you stay in touch with the office, keep documents moving, respond to calls and e-mails, etc. With RealPulse.net, you can create a completely mobile office that can be accessed from any computer terminal, anywhere in the world. You can store documents, manage collaborative projects, review e-mail, set up your calendar and a host of other features that will keep you on-time and moving.
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