Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

Used in

Source

Topic

Development

The process encompasses activities that range from preparation of an area of vacant land and installation of infrastructure to the construction of a property. Sometimes referred to as "ground up" development period.  Development includes the predevelopment phase and generally involves risks such as leasing risk, permissions/entitlement risk, construction risk, financing risk and zoning risk.

Source: Global | Date: 02 March 2021 | ID: D0758 | Version: 5