FEE DEVELOPMENT

SERVICES —

Fee Development

Richardson Commercial Advisors is a boutique real estate development firm that specializes in multi family and commercial property in South Florida.

Tre’vant Richardson began his career in real estate in 1995 when he formed a development and investment firm that specialized in the acquisition and rehabilitation of distressed residential real estate in Charlotte, NC After successfully repositioning numerous properties began taking on more intensive development projects, including new construction retail, mixed-used and multi family.

Experienced in the eight stages of the development life cycle Mr. Richardson combines his experiences with the degrees. Richardson Commercial Advisors management team has expertise in numerous facets of the real estate industry including capital formation, investment analysis, property acquisition, construction and development, asset management and asset disposition.

The team has been responsible for the investment, development and management of over $5.9billion in real estate assets on behalf of both institutional and private investors.

The eight stages of the development life cycle

Design

The first phase of the budget is concerned with programming, schematic design, design documents and construction documents.

Develop

During the Development Phase, the developer takes the detailed logical information documented in the previous phase and transforms it into machine-executable form, and ensures that all of the individual components of the system/application function correctly and interface properly with other components within the system/application.

Finance

Development finance requires programs and solutions to challenges that the local business, industry, real estate and environment creates. It is the act of contributing to a project or deal that causes that project or deal to materialize in a manner that benefits the long-term health of the community.

Build

Build methodology can give the owner better control of time and budget, but quality can suffer if the goals of the owner, design team, and contractor are not balanced properly.

Leasing

Pre-leasing and leasing contracts are used for all types of commercial real estate, including office, industrial, and retail space. It demonstrates to the lender that the debt service can by carried.

Operate

Operations constitute an organization's on-going, repetitive activities, such as accounting, management or production. How the project will operate after it’s built and leased is a function in itself.

Manage

The process of managing property that is available for lease by maintaining and handling all the day-to-day activities that are centered around the piece of real estate. Property management may involve seeking out tenants to occupy the space, collecting monthly rental payment, maintaining the property, and upkeep of the grounds.

Remediation

Typically the word remediation is not used in this vertical, but it is defined as the process of reviewing the process and identifying the weakness and strengthening the processes and systems.