What a Commercial Real Estate Developer Does
A commercial real estate developer is the principal entrepreneur behind a commercial project. They identify opportunities, source land, secure tenants, arrange financing, manage the entitlement and construction process, and ultimately deliver a finished asset. Developers take on significant risk and capture the development spread between all-in cost and stabilized value. For NNN build-to-suit developers, the business model is: secure a credit tenant, build the property, sell to a passive investor at a stabilized cap rate.
Key Responsibilities
- Source and underwrite development opportunities
- Secure tenants with executed LOIs and leases
- Acquire land with contingency-protected contracts
- Arrange equity and construction financing
- Manage entitlements, permitting, and construction
- Deliver the completed property to the tenant and sell to an investor
When You Need One
When ground-up commercial construction is the goal. Developers are typically the principal on a deal — hiring GCs, architects, attorneys, and brokers to execute.
How MaxLife Works With Them
MaxLife Development operates a full NNN build-to-suit development model across Florida — from site identification through disposition. Read more on our commercial development page.