Real Estate Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction, although many developers also manage the construction process.
Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control, and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate—and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it.
Sometimes property developers will only undertake part of the process. For example, some developers source a property and get the plans and permits approved before selling the property with the plans and permits to a builder at a premium price. Alternatively, a developer that is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately.
Developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, lawyers, leasing agents, etc. In the Town and Country Planning context in the United Kingdom, 'development' is defined in the Town and Country Planning Act 1990 s55.
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Scholarships for Real Estate Development Majors
Architecture Portfolio Award - Tulane UniversityTulane University |
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award Up to $10,000 |
deadline Varies |
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DescriptionThe Architecture Portfolio Award is open to students at Tulane University who have been accepted into the School of Architecture. Selection is based in-part on a portfolio submission. View Scholarship Details |
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ACI Foundation Fellowship ProgramAmerican Concrete Institute (ACI) |
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award Up to $15,000 |
deadline Varies |
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DescriptionThe ACI Foundation Fellowship Program is available to full- time undergraduate and graduate students who are pursuing studies related to the concrete industry. As a fellow, you will receive mentorship and an educational stipend for educational stipend for tuition, residence, books, and materials. Additionally, you will receive recognition in... View Scholarship Details |
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CREW Chicago ScholarshipCommercial Real Estate Executive Women of Chicago |
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award $7,500 |
deadline June 30, 2025 |
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DescriptionThe CREW Chicago is available to female junior, senior, and graduate students. You must be pursuing an education that will lead to a productive career in commercial real estate in the Chicagoland area and have a minimum GPA of 3.0 in order to be eligible for this award. View Scholarship Details |
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SAAAI Annual ScholarshipSouth Asian American Association, Inc. |
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award $6,000 |
deadline Varies |
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DescriptionThe SAAAI Annual Scholarship is available to undergraduate and graduate students. You must be pursuing a degree in engineering, architecture, land survey, or technology at a New York Metropolitan area institution to be eligible for this award. View Scholarship Details |
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AIA Northeast Illinois ScholarshipThe American Institute of Architecture Northeast Illinois (AIA) |
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award $3,000 |
deadline June 30, 2025 |
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DescriptionThe AIA Northeast Illinois Scholarship is open to undergraduate students in Chicago. You must have a home residence of record within the AIA NEI Chapter boundaries (Chapter boundaries are: Cook, DuPage, Kane, and Kendall Counties, be enrolled for the fall at one of the East Central or West Central accredited Architecture schools and be a U.S.... View Scholarship Details |
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NASCLA Scholarship ProgramNational Association of State Contractors Licensing Agencies |
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award Up to $5,000 |
deadline May 26, 2025 |
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DescriptionThe NASCLA Scholarship Program is open to students who are pursuing a career in the construction industry. You must be 18 years of age or older to be eligible for this award. Recipients of this award will also receive a complimentary invitation to the NASCLA Annual Conference in Orange County, California, including travel arrangements and hotel... View Scholarship Details |
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School of Architecture Scholarship - FAUFlorida Atlantic University, School of Architecture |
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award Up to $1,000 |
deadline Varies |
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DescriptionThe School of Architecture Scholarship is available to students at Florida Atlantic University, School of Architecture. View Scholarship Details |
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F. Louis and May Jean Wolff ScholarshipFlorida Atlantic University, School of Architecture |
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award $1,000 |
deadline Varies |
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DescriptionThe F. Louis and May Jean Wolff Scholarship is available to students at Florida Atlantic University, School of Architecture. View Scholarship Details |
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Golden West Plumbing, Heating, and Air Conditioning ScholarshipGolden West Plumbing. Heating, and Air Conditioning |
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award $1,000 |
deadline November 30, 2025 |
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DescriptionThe Golden West Plumbing, Heating, and Air Conditioning Scholarship is available to students interested in studying home design, architecture, engineering, plumbing, heating, or air conditioning. Selection is based on goals and essay submission. View Scholarship Details |
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Marki Lemons Ryhal Education Advancement ScholarshipChicago Association of REALTORS |
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award $500 |
deadline June 01, 2025 |
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DescriptionThe Marki Lemons Ryhal Education Advancement Scholarship is available to African - American female students residing in underserved communities within the Chicagoland area. You must be pursuing a real estate license, OR be attending an HBCU or Chicago State University to be eligible for this award. View Scholarship Details |
Real Estate Development Related Majors
- Architecture
- Interior Architecture
- Landscape Architecture
- City/Urban, Community, and Regional Planning
- Architectural Design
- Environmental Design
- Architectural and Building Sciences/Technology
- Architectural Technology/Technician
- Architectural Studies
- Environmental Design/Architecture
- Architectural Sciences and Technology
- Architectural History, Criticism, and Conservation
- Sustainable Design/Architecture
- Pre-Architecture Studies
- Architectural Conservation
- Healthcare Environment Design/Architecture