Turning Back the Clock
The situation just described is the reality of most real estate development projects. It becomes a waiting game. Waiting for the “Yes”, the “No”, or the worst possible answer, the “Maybe” that signifies that developer and operator are both in the same unfavorable position wondering if, or when, they’re going to get shocked. And the worst part is that the longer a decision goes unmade, the stronger uncertainty grows and the chances of success decline immensely. If this is or has been you, you understand the challenges that this implies. People have enough difficulty making simple decisions, much less tremendously complicated decisions involving the expenditure of millions of dollars on top of human capital. And let’s not forget about the impact of such decisions on employees who are dependent upon the job to make ends meet, or, in the case of healthcare, the impact on people’s lives.Historically, organizations have had only anecdotal evidence and gut feelings upon which to base such complex decisions. It’s been an inexact science at best, hence why uncertainty has become accepted as the standard. And even if you’ve come up with a recipe for working around uncertainty, how many extra weeks or months has that process added to your ultimate delivery and once delivered, how confident are you that you developed the right asset in the right place with the right service lines? The truth is that even most “successful” projects are failing to maximize their potential.
A New Approach to Development
At RES, we’ve pioneered a new approach to real estate development. Rather than working around uncertainty, we’re removing it from the equation completely. We’re scientists first, sitting in the room with our clients working together to derive an actionable strategy based on what the market dictates. It’s not sales. It’s not guessing. It’s purely data-driven and a highly accurate projection of the future that maximizes potential. It’s like being a developer with a crystal ball in our back pocket.
If you’re ready to adopt a new standard and give uncertainty the boot, we have the people, time, experience, and resources necessary to help you. And that ticking clock? You can leave it where it belongs…in the background, because time is on our side.