Our Development Process
At Pace, you’re in good hands every step of the way, in whatever project we decide to invest in – big or small, one building or mega developments. And you’re right there along with us, with complete transparency in our partnership. We’ll break down our development process so you can get to know us a little better. Once we identify a potential project, we guarantee to accomplish the following:
- First, and most importantly, we evaluate the location. This is a painstaking process in itself. The details of what attracts Pace to a property depends a lot on what we intend to use it for. No single evaluation process is the same; each one relies on our resilient market experience.
- Next, we look at financials. This entails a thorough analysis, which also includes answering questions like: Are we buying this property under market? Are we buying this with a healthy cash flow that’s already established? Are we buying a property that needs a list of upgrades and renovations, which will affect the sale price?
- And, finally, we analyze the overall market, which will reveal the bigger picture of the past, present and potential future of the property, by answering questions like: Is the market overbuilt? Is this market in short supply? And how is the economy fairing at this time?
After these factors are given a full Pace comprehensive evaluation, we either move forward and make an offer or proposal, or decline and move on to the next project. Pace’s in-depth, intimate knowledge of our market is what makes us most successful. We know the area, we know who buys, who sells, and we know our competitors, as well as our partners involved in our projects. It is this intimate knowledge, as well as our ability to build these types of relationships, that define us as a company.
With Pace Group, you’ll stay ahead of the rest of the market. Our team is always on the lookout for our next project. If you’re interested in one of our potential investment opportunities, call us to make an appointment today at 843-839-4100.