Support and Community for Developers
Can new communities make real estate development less lonely?
When real estate developers speak of “communities,” they usually mean amenitized multifamily buildings. But a new kind of organization is looking to take the word in a totally different direction: providing support and camaraderie to real estate developers themselves.
In a world of punitive debt terms, high construction costs, and challenging entitlement processes, real estate developers are increasingly looking toward various communities to get advice, share war stories, or simply vent. While these peer group concepts have been around the tech world for some time, they’re fairly new to real estate.
Today’s letter will explore the “support stack” for real estate developers. Specifically, we’ll tackle:
A broad look at support communities in tech and business;
A deep dive into Cohorts, a new developer community;
How community models may evolve and influence the future of real estate development.