Services
- Development of Multi-Unit Projects
- New Entitlement and Subdivision Management
- Development Construction Management
- Licensed Attorney at Law
- California Licensed Real Estate Agents and Broker
- Marketing and Sale of Subdivided Lots and New Construction Units
- Networking with City Agencies
- Title Insurance Experience
- 1031 Tax-Deferred Exchanges
- Financial Data Analysis
- Land Bank Acquisition and Management
CBD offers a wide range of real estate development solutions. Drawing on the vast experience of our in-house professionals and our strategic partners, we provide our projects and investors with focused solutions to the challenges of an ever-changing marketplace and regulatory environment.
Our proprietary site selection process ensures that we make the best possible purchase decisions for our company and our investors in our three areas of specialization: raw land, semi-developed land and in-fill sites. However, unlike most other development companies, Communities By Design actively solicits the participation of landowners through joint venture.
Our real estate professionals provide innovative strategies to land owners to achieve risk reduction and increased return on investment through project participation and portfolio diversification. By helping our landowners achieve their financial goals, we secure the best development sites in our area of interest under the most advantageous circumstances - the “win-win” scenario.
Subdivision of land is the principal mechanism by which communities are developed. It is a vital part of a community’s growth, determining its appearance, land use mix and infrastructure. We continually strive to strike a balance between the natural environment and higher density development.
Market feasibility, location/site feasibility and financial feasibility are the three pillars of the market analysis model we employ to drive our design and site planning decisions to achieve highest and best use. Mindful consultation with neighbors and community groups ensures our projects are accepted and swiftly processed at the city, county and state levels.
General contracting is distinct from development. They are two different businesses, each with their own set of risks and rewards. Our role in building development is made up of five distinct tasks. Design review to ensure that the unit mix, site design, interior and exterior designs are consistent with current and anticipated market demand. Financing the project through initial equity investors, construction financing, mezzanine financing, and permanent financing. Negotiating a guaranteed, fixed price construction contract and assisting with value engineering, scheduling, inspections and insurance. Developing a marketing strategy including public relations and advertising. And lastly, selling the property by selecting the appropriate broker or marketing firm, negotiating the listing agreement, setting goals and establishing additional financial incentives. In the case of income properties, positioning the property for sale takes place after lease-up and income stabilization.
We employ a variety of joint venture formats to raise equity, provide loan guarantees, and secure financing. Commonly, our projects are jointly owned by individual equity investors, landowners and Communities By Design. The joint ownership is typically structured as a limited liability Company (LLC) or as tenants-in-common (TIC), each governed by an operating agreement prepared specifically to meet project goals and investor requirements such as investors participating in an IRC Section 1031 exchange. Additionally, syndications can be employed to raise equity from a number of smaller investors through a private or public offering subject to certain regulations of the Securities and Exchange Commission. Investors in syndications receive a security interest similar to stocks or bonds. We work diligently to ensure that we pair the right investment vehicle to the particular capital need to maximize our investor’s return on equity.