The Development Company

Overview

The Development Company is a California-based firm specializing in real estate development and investment projects. They focus on identifying prime markets where homes sell for higher price points due to location and housing supply and demand. To create value and capture maximum margins, they organize design and construction vendors and manage their executional processes. They work with many design and construction firms, including their in-house strategic trade partners, The Design Company and The Custom Home Company, to create one-of-a-kind, highly desirable projects. Their designs are built efficiently from costing and timing perspectives, ensuring the best subcontractor pricing, material discounts, and executional disciplines. Their investment approach includes working with landowners as equity partners and passive or participating cash investors. They offer various investment types, such as landowners contributing land into a project as equity, passive cash investors seeking returns, and participating or active cash investors desiring a more hands-on approach. They provide weekly progress updates on key items such as scheduling, construction progress, and financials, along with monthly in-person meetings to review individual projects. Their project types include traditional spec projects, joint venture spec projects, and project financing through construction lending. The Development Company emphasizes a client-oriented process infrastructure designed to benefit their clients. They focus on delivering on commitments, particularly in development, where the ability to hit budget and timing goals is crucial. Their strategic trade partners' processes were created to be client-oriented and to benefit The Development Company. Their sister companies' process infrastructure was designed to benefit their clients, ensuring the success of development projects through effective communication and process management.