Friend of Miami Urbanist Daniel Sultan, co- founder of Property Pool, just launched the beta website for his new company. Property Pool couples real estate investing with an advanced online platform to give investors the opportunity to own professionally managed, single and multi family rental properties across the United State. Property Pool partnered withBuildUSBack (BUSB), one of the country’s longest operator and investor in single and multi family housing. Property Pool will be run by the BUSB, which has transacted on over 3,000 properties over the last 10 years.
From the Property Pool website:
We believe that the power of the internet, coupled with technological advance, is democratizing the finance world, giving individual investors more control over their investments every day while enabling them to operate as efficiently as professionals do.
Crowdfunding will disrupt the capital formation industry. We aim to become the go-to Single Family Rental platform for investors around the world, by efficiently managing the entire investment process, collaborating with our investors and achieving expected financial returns.”
Here is a video that was put out by the Miami WorldCenter developers. It’s a bit salesy, but nevertheless gives a great macro overview of where Miami is today and where Miami is headed. Take it for what it’s worth.
Real estate developers orchestrate the talents of many team members and balance the interests of a variety of constituents. As a creator of the urban landscape, the developer must navigate the challenging waters of complex public policy, private needs and desires and the constant risks and responsibilities associated with building a superior environment.
This intensive introduction to real estate development will communicate the basic skills necessary to be a successful developer and examine the required capabilities. You will be asked to participate in discussions and share your ideas on the challenges of real estate development. This is an interactive seminar with your comments, questions and ideas as an essential ingredient. This seminar offers the keys to the core issues facing real estate developers today such as:
What type of developer do you want to be?
How developers make money
Assessing the real value of land
Understanding land use, zoning and other public policies
The keys to successful development
How to conduct a preliminary financial feasibility
Important financial terms and ratios
Key aspects of developing each property type
The integrated stages of development
The different types of leases
How to borrow money
Details of joint venture structures
Purchasing notes and distressed properties
Who should attend?
Real estate brokers and associates
Financial advisors and planners
Real estate owners
This course is designed to be accessible to individuals with little to no experience with urban development.
Identification and understanding of basic skills required for developers
Recognizing common pitfalls of urban commercial developers
Discovery and application of solutions to common problems
Stephen Nostrand, UM MRED+U Adjunct Professor
Stephen Nostrand is CEO of Colliers International’s South Florida office. Colliers is one of the largest global real estate service companies. Stephen followed in the footsteps of his family and joined the commercial real estate world 40 years ago. His dad spent 60 years with one of the largest commercial real estate companies in the northeast United States and his brother is a real estate developer in the mid-west. Mr. Nostrand has been involved in all aspects of the real estate business including development, leasing, sales, financing and managing. Mr. Nostrand is a professor in the Master in Real Estate Development + Urbanism program at the University of Miami.
Group (3+ from same company)
Students and Faculty*
* Student/faculty must provide copy of ID or class registration.
Register and save $25 for early bird registration by September 19, 2014.
* If you are paying by credit card, in order to receive early bird and other discounts, you must pay the full fee up front. Email to request refund with the proof of group, public sector, student/faculty.
Date, Time & Location
Date(s): October 4, 2014
Time: 9am – 2pm
University of Miami School of Architecture
1223 Dickinson Drive, Coral Gables, FL 33146
Rinker Classroom (Click here for a map)