TIC Development
Building Your Wealth Through Real Estate
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Projects

Development Opportunities

We help you do the heavy lifting.

We help you find the right professionals to develop a strategy for investing in multifamily properties, customized to your budget, level of involvement and financial goals.

Our team will be there, from acquisition to final sale as you develop your property project.

Count on our experience as real estate advisors to create your next successful project.

 

 

Let's talk projects.

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SMALL DEVELOPMENT

  • Invest in a Single-Family home or 2-4 Unit residential property with value-added opportunity in the right location
  • Strategize to renovate, add square footage or additional units 
  • TICDev facilitates the acquisition and sale
  • Invest in the cost of improvements or development

TICDev locates the right property and helps you build your team to make value-added improvements and build your real estate wealth.

MEDIUM DEVELOPMENT

  • Invest in the acquisition of a Multi-Unit property
  • TICDev facilitates the acquisition
  • Invest in the development costs
  • TICDev consults on the improvement project
  • Convert your building to TIC (Tenant-in Common) or condominium, if needed

Hold as income property; sell the property and re-invest in another project.

LARGE DEVELOPMENT

  • Invest in the acquisition of a large residential or commercial-use building 
  • TICDev facilitates the acquisition and final sale
  • Invest in the development costs 
  • Create a viable development project through change of use or condominium conversion

Develop a commercial building for sale as condominiums.


 

GLOSSARY

 

Acquisition | The purchase of a property with representation by CEG.

Cap Rate | The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate. The cap rate is used to estimate the investors potential return on an investment.

Change of Use | A use is established when land has been declared to be usable for a particular building type or development activity. Change of Use is a change from one permitted use to another.

Condominium | A building or complex of buildings containing any number of individually owned apartments or houses.

Condominium Conversion | A condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi-unit property) into individually sold units as condominiums.

Development | The process of concept, design, planning and execution for renovating a value-added property for its highest and best use.

Development Costs | The cost of development for a property from inception through to sale.

Development Sale(s) | The representation by CEG for the sale of development property.

Highest and Best Use | The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.

Income Property | Residential or commercial property bought or developed to earn income through renting, leasing or price appreciation, commonly referred to as "non-owner occupied".

Multi-Unit, Multi-Family | Multifamily residential, also known as multi-unit are multiple separate residential housing units that are in either one building or several buildings within one complex. Ex. An apartment building is multi-unit housing.

Net Profit | The actual profit after working expenses not included in the calculation of gross profit have been paid.

Permitting | All steps of construction permit issuance to assure that proposed construction meets all safety requirements.

Return on Investment | ROI is used as a percentage and is typically used for financial decisions, to compare a project or investments profitability or to compare the efficiency of different investments.

TIC, Tenants-in-Common | A legal form of ownership in a multi-unit property that is not a condominium.

Value-added Property | A property that is acquired for a cost that shows value potential through remodel, upgrade or change of use; which reflects upside cash-on-cash return on investment upon sale or hold of property.