Land Investment and the Predevelopment Process: A Guide for Finance and Real Estate Professionals

This is the first comprehensive examination of land investment at the predevelopment stage--when undeveloped land is converted into developable properties. This book provides a thorough guide to the issues to be resolved to minimize risks and maximize private and public rewards for land development projects. Rabinowitz fully explores the strategic considerations involved in selecting the right piece of land and in obtaining the necessary building approvals. He underscores the importance of a cooperative relationship between investor-developers and regulatory officials in an era of high land prices and increasingly complex permitting procedures. He investigates the impacts of economic conditions, federal programs, demographic and income-related trends, state and local policies, land use controls, and urban sprawl on the predevelopment process. In the last chapter Rabinowitz presents a cogent analysis of land prices and values at the predevelopment stage. Numerous tables, charts, and suggested readings amplify the discussion.