ABSTRACT
This chapter is an overview of the Real Estate Development Task groups that form the horizontal axis on the Real Estate Development Matrix. The theme of the Real Estate Development Matrix is that property value can be increased in each cell by accomplishing certain tasks that require special skills. With the exception of Acquisition Tasks and the Sales and Disposition Tasks, each Task category requires special skills that must be mastered by real estate developers to be successful. The Real Estate Development Process is constantly changing since it is very dynamic and poorly specified in the sense that limiting conditions are not exact or precise. The objective of a real estate development is not to find the optimum solution, but to find a solution that satisfies all of the limiting conditions. The ability of the real estate development plan to withstand changing market conditions and remain in the Feasible Set is a measure of the robustness of the development plan.
