Value-Add Project Execution
WPG delivers economic value-add to both landowners and investors. The seven key elements of our value-add capabilities are described below.
1. Project capital formation
WPG has strong relationships with both equity and debt capital providers active in the residential land and housing development sectors. Working with our land partners, we bring this capital to bear in moving projects through the full development and sales process. See the “Capital Partners” and “Land Partners” webpages in the “Relationships” section.
2. Teaming with landowners
In selling land for residential development, landowners work to achieve the highest possible value for their property. However, prevailing land and lot market conditions, site development challenges, and/or development cost uncertainties can often prevent landowners from maximizing economic value upon sale. In such instances, landowner teaming with a strong value-add builder may be the best way for property owners to realize the full economic value of their land. WPG / WPDS is well experienced in teaming and joint venturing with landowners to apply value-add development strategies designed to enhance landowner value. For examples of such WPG / WPDS landowner teaming, see the “Land Partners” page under the “RELATIONSHIPS” heading.
3. Expertise in land planning & entitlement
WPG / WPDS has great expertise in project planning and entitlement. Our land planning and entitlement efforts are aimed at two key objectives : 1) maximizing marketability to end-buyers; and 2) optimizing construction cost efficiency. Our team has long experience achieving these objectives while advancing projects through the full range of design, planning, and governmental approval processes.
4. SUPERIOR NEW HOME DESIGNS
WPG / WPDS is a highly regarded innovator in new home design and development. Offering new housing projects priced from the $200’s to the $2.0+ million, we create distinctive designs across a broad range of product pricing. Our new home projects are known throughout the industry for their unique designs, market appeal, and construction cost efficiency. The housing construction cost efficiency is particularly important to creating economic value for landowners. This expertise has been well recognized in our SKYE project, which has been awarded the prestigious “2017-18 Best New Home Project In America” honors by National Association of Home Builders, the Building Industry Association, and the Pacific Coast Builders Conference. See the “SKYE” project webpage in the “PROJECTS” section and "Cost Efficiency" in the "WHAT WE DO" section.
5. COMMUNITY DEVELOPMENT & CONSTRUCTION
A licensed General Contractor with decades of construction experience, WPG / WPDS is a leader in community and infrastructure development. Our project implementation programs emphasize both unique designs as well as strong cost-effectiveness. Our team has particular expertise is undertaking challenging earth moving and grading jobs, allowing landowners to realize economic value other builders cannot provide. See the "Cost Efficiency" webpage in the "WHAT WE DO" section and the "Belcourt" webpage in the “PROJECTS" section.
6. PROJECT SALES AND MARKETING
In addition to creative design and cost-effective implementation, WPG / WPDS has great strength in new home project sales and marketing. Both our homebuyer advertising and point-of-purchase methods use the latest in advanced technology and web-based video marketing. Most importantly, our marketing & sales management teams and field sales agent are top-notch within the industry. See the “Sales Team” webpage in the “RELATIONSHIPS” section.
7. PROJECT FINANCIAL MANAGEMENT, ACCOUNTING & REPORTING
WPG / WPDS maintains a full financial management and accounting staff experienced in all aspects of the project finance and control. Our management and accounting teams produce regular financial reports in order to keep all investors and landowners fully up-to-date on project progress and performance.