First Companies’ Development Approach
We start with a clear understanding of the market, including growth trends and current/future business demands. Depending on the clients or investors we’re working with, we research available land as well as existing structures in the desired location(s) to identify development opportunities that meet market needs. The team assesses fair market values, acquisition costs, and the investment required to achieve our vision. We evaluate land for access and constructability; inspect buildings for structural soundness, needed repairs and maintenance requirements; and run the numbers to ensure the best return on the investment.
Bringing experts together from our three divisions (real estate, construction and property management) we brainstorm the possibilities as we look at current market conditions and all associated costs to deliver a quality product. The outcome might be ground-up projects or remodeling/reconfiguring existing buildings.