REAL ESTATE DEVELOPER
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.
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.
Lexington is a very unique real estate market in that many of the farms centrally located to the city have been placed in conservation easements that prohibit development for perpetuity. This puts considerable pressure on existing land as far as residential and commercial development goes because availability of new land is very limited. There is also a vibrant amount of redevelopment and restoration in the older sections of town which is a welcome result of this shortage.
The Weesner Realty Group has relationships with the finest developers in our market. and we are active in the new construction market and are on top of the demographic and building trends in our area. If you are looking for information on new developments, do not hesitate to give us a call.