Phased Construction

It's Just a Phase!

In commercial real estate development, phasing a project can be a powerful tool to maximize returns. By dividing a project into phases—whether for financing, construction, or leasing—developers can manage risk and adjust to market dynamics.

Risk Mitigation: Phasing allows developers to assess market feasibility and adapt to shifting demands.

Capital Management: Phasing spreads out project costs and allows developers to tailor financing (debt & equity) to each phase.

Equity Preservation: Developers can start with less upfront capital and recycle distributions to fund future phases.

What challenges or benefits have you encountered when phasing your real estate projects?