REM 500 Chapter 3: REM500 - CHAPTER 3 - DEVELOPERS & THEIR PARTNERS
17 Oct 2017
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Rem500 - chapter 3 - developers & their partners. Can range from straight fee to speculative developers. A fee developer gets hired by a client such as a retailers, health care provider, university, Reit, or public sector agency to see a project through from concept to completion for a development fee. Other than that, developers usually receive nancial compensation from 1 or more of the following ways: Pro ts on the sale of the project to end users. A promote or ownership interest in excess of the developers percentage contribution to the projects equity capitalization. Ownership of entities that sell services related to the development process, such as insurance agencies, mortgage banking rms, leasing and brokerage companies, management companies, or even general contraction rms. Private sectors take on risk in two ways: at the predevelopment stage, developers spend time and money before assuring that.
