Joint Development Process
Public entities can tap existing assets for revenue through partnerships with the private sector. Synergy has created a Joint Development Program of services to identify, define and capitalize on underutilized asset through a comprehensive real estate strategy.
This strategy produces value for the Client while preserving fundamental service, convenience and safety of the Client's core business.
Benefits of Synergy's Joint Development Process:
New RevenuesAsset AppreciationImproved Customer ServicePublic GoodwillTax Base ExpansionJob Creation
Joint Development is driven by real estate and economic development expertise. The process is highly involved and requires multiple disciplines within the Client's organization, including senior management, marketing, real estate, engineering, procurement, operations, finance and budget, engineering and legal. Synergy's assists clients to create and implement a comprehensive Joint Development program.
The Process:
- Analysis of Client Goals & Objectives
- Inventory of Joint Development Opportunities
- Creation of Development Plan Including:
- Highest & Best Use Studies
- Market Demand Studies
- Absorption Studies
- Income & Cost Estimates
- Financing Plans and
- Net Present Value Analysis
- Opportunities are Ranked
- Creation of Marketing Plan
- Open and Competitive Offering of Opportunity Via JointDevelopment.com
- Negotiation, Due Diligence