Land development takes longer than finding opportunities in the market. Experienced developers try to minimize the lead times by taking entitlement risks. Most Occupiers and Investors require entitlements and it is one of several rewards the developer deserves. In land development deals, timing is a critical factor. Generally the Best Time to Strike is right after entitlements have been obtained and before a Capital Partner has been introduced. Some developers will prefer to complete the entire process to final disposition of the leased asset. Others can justify taking an early profit depending on capital commitments.
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