Concept information
Preferred term
real estate developers and housing
Definition
- Real estate developers are entrepreneurs. Whether their entrepreneurial interests rest in the private sector driven by market forces that maximize profits, the public sector guided by planning and economic development strategies that benefit the public, or the not-for-profit world motivated by the spirit of community building, real estate developers follow the same basic principles—they acquire land with or without existing structures, they plan, they access capital and equity from private and/or public sources, they engage labor, they comply with regulatory requirements, they build, they revitalize, they manage assets, they sell and invest in future ventures. [Source: The Encyclopedia of Housing; Real Estate Developers and Housing]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/real_estate_developers_and_housing
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