Feasibility Study Services
A Feasibility Study report is a business plan for a specific real estate project. It provides the rationale and the support for that rationale to pursue a specific real estate project from the feasibility phase, pre-construction, construction and occupancy through investment management. Concourse Realty Group offers a comprehensive format that emphasizes areas such as the benefits for each of the five project constituencies, justification of the project relative to the target market’s needs and wants, and a thorough risk analysis with appropriate mitigations. A feasibility report is dynamic and should as often as necessary to incorporate any change to assumptions or to incorporate new information. As a result, all assumptions made and external dependencies specified in the Feasibility Study are meticulously documented. The report is prepared in close consultation with our client (in addition to an architect and construction consultant and others) since some of the work included in the report most likely has already been completed by the client or his consultants, that is, the idea or vision for the project or the market study.
Concourse Realty Group prepares feasibility studies to help real estate owners, investors and lenders make informed decisions by providing critical information about a specific concept or project, such as new construction, redevelopment or renovation of an existing property, or reuse of underutilized or abandoned facilities.
Because a Feasibility
Study provides specific and organized information about a real estate project, a comprehensive Feasibility
Study is a crucial part of the development process. It outlines investors, end
users, government, community – and the developer (our client) about a project’s
operations and goals. The importance of a comprehensive, thoughtful Feasibility
Study cannot be overemphasized. Much of the project's success hinges on it.
While we typically deal with real estate properties, a Feasibility Study or business plan is often prepared for (existing) operating businesses, real estate operating companies, REIT’s and government agencies.
Key sections included in a Feasibility Study include:
Of course, there are many other areas addressed in a Feasibility Report such as financial analyses and proformas, schedules, marketing and leasing plans, exit strategies, and so on. The Feasibility Study, attempts to answer four basic questions:
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