Many architects are pursue meaningful work with optimal outcomes but struggling to turn profits, nurture their practices, cultivate legacies, and build generational wealth. Venturing into real estate development offers firms of all sizes the potential to forge a path to financial sustainability and fortify one's practice.
This session will feature Robert Hillier and Joshua Zinder, who together have managed and grown four successful firms, including one of the country’s largest. Drawing on personal experiences, they'll share strategies for increasing revenue by multiples while pursuing favored projects with owner-level control, even for small firms. Join us to learn about potential synergies, forming strategic relationships, identifying investment opportunities and viable development models, and more.
Learning Objectives
- Explore what it takes to add a real estate development sideline, including economic and professional considerations.
- Consider the risks inherent in taking on real estate development, and discuss potential strategic and financial partnerships with compatible community and industry stakeholders to mitigate risk.
- Review a variety of development models and the potential of each to satisfy the goals of the architect-developer.
- Learn how to apply the architect's skillset and creative problem-solving to development challenges.