Land Acquisition and Development —
Before Westwood acquires a particular parcel of land, a number of feasibility analyses are done on the site to determine its potential. These evaluations are done to ensure that the investment will create a viable, income-producing property.
The region, neighborhood, and property itself are studied, extensive data is gathered and final recommendations are made regarding the type of product best suited for the site. The results of these studies dictate not only the best use for the land, but the most appropriate product for the market.
Once the land parcel is deemed viable, a team is assembled to oversee the development as it progresses. Another team is also assigned to implement a marketing and management plan to enhance the profitability of each asset.