About the program:
Development 360 is an educational program for ULI Colorado Young Leaders, and graduating Young Leaders, that aims to educate participants through in depth, project- specific information, about the overall development process. You must be a current member and 35 or younger to participate. Accepted participants will attend six sessions over three months, and will explore a recently completed project as a case study. Sessions include a planned curriculum and feature guest speakers from different phases of the project, facilitated and taught by the project’s developer. This program is a “next level” version of ULI Colorado’s Partnership Forum.
If you have wanted to know more about what it takes to be a real estate developer, this is
your opportunity! You can further your career by digging into a local case study project to learn about the challenges and opportunities in the local industry. This is the pilot year for this new program. Chosen participants will engage in small group educational sessions. The ideal participant will have, at minimum, some knowledge of real estate concepts, an undergraduate degree, participated at least one year in ULI Colorado’s Partnership Forum, and have a strong entrepreneurial spirit.
Development 360 Program Goals:
- In depth and detailed sharing of best practices and pitfalls within the development process.
- Seed future understanding of basic development principles and practices that leads to better policies and projects.
- Provide a collegial and non-competitive atmosphere to learn and grow within your respective fields.
- Expand professional network and build relationships with peers and senior real estate leaders.
2016 Program Instructor:
Paul L. Books, the President of Palisade Partners has broad experience in investments and valuation. Over the last few years, Mr. Books has become a respected player in the multifamily market in Denver, Colorado. Starting in 2009, Books syndicated and gained financing for the purchases of four existing multifamily properties for a combined acquisition price of $5.4 million and a combined renovation budget of $1.8 million. In 2013, Books completed two new construction multifamily projects near downtown Denver for a combined investment of $20 million. Books recently completed an $8.8 million 27 unit for-sale town home project in Jefferson Park. Currently, Palisade Partners, LLC is developing and co-developing three mixed use projects and a townhome project in the Five Points neighborhood, totaling $100 million. Mr. Books is also concurrently overseeing the development of Summit Sky Ranch, a 240-unit, high-end single family residential development in Summit County. Prior to starting Palisade Partners, Mr. Books enhanced his valuation background while at Analysis Group, an economic consulting firm, where he determined values for a variety of assets, from real estate to non-market goods such as wetlands. Mr. Books further developed his investment background working as an intern at The South Dakota Investment Council, which invests South Dakota employee’s pension fund. In June 2010, Mr. Books graduated from the University of Denver: Daniels College of Business with a Masters of Science in Real Estate and Construction Management. Mr. Books received his bachelors of arts in Economics and Math with a Finance Sequence from Claremont McKenna College.
About the Project Site:
The Wheatley is Five Points’ newest Class A development – the first in over 15 years in this historic neighborhood, once dubbed the “Harlem of the West.” The Wheatley was designed to be a true mixed-use building and significant neighborhood collaboration went into the final design, which is timeless with modern and classic elements. It contains 82 apartments, 14 for-sale townhomes, and 3,800 square feet of retail space. 18 of the apartments are deeded affordable at 80% of area median income. It is a complex project: it contains mixed used, has for rent and for sale programming, is in a Landmark Historic Cultural District, and received public funding via the Denver Office of Economic Development and the Denver Urban Renewal Authority. The Wheatley is truly a one of a kind development.
Development 360 Curriculum:
Curriculum is divided into 6 sessions, taking place over the course of 3 months. Please Click Here to see an outline of the session topics.
How to Apply:
Please have your ULI Membership ID and a current biography ready in order to complete this application. All applications are collected online. The application opens on June 16th, 2016 and closes on July 22nd, 2016.
A letter of reference from a more senior real estate professional or colleague is suggested, however not required. Letters of reference should be emailed to ULIcolorado2016@gmail.com before the application deadline of July 22nd, 2016
Development 360 Participant Requirements:
- Participants must be current members of ULI with an age of 35 or younger.
- Participants must have completed at least one year of ULI Colorado’s Partnership Forum program.
- Participants must sign a non-disclosure form and agree to program guidelines.
- Participants must commit to 100% attendance at all sessions. Session times, locations, dates, and topics will be available in advance and during the application process.
- Accepted applicants are required to submit a program fee of $165, due before the first session date, to cover the cost of program meetings.
- Accepted applicants are required to keep their ULI Membership current for the duration of the program.
- Any proprietary information or industry secrets shared in this room shall not leave the room.
- The Development 360 program is participatory. With assistance from ULI staff, the Developer/ Facilitator, and the program planning committee, the group and its leadership plan content and activities at each of the scheduled sessions.
- Although this is an industry meeting among industry peers, it is educational in nature. No overt marketing of a firm and its services is permitted. This is a place to build relationships, learn about the development process, and share best practices, not sell products or services.
- Class is limited in size to 20 participants.
- Classes will take place in the conference room of the Five Points Business District office, located at 2444 Washington Street, Denver, CO 80205
- Classes will occur on schedule; a schedule is provided to you upon acceptance into the program.
- Class times may vary, but will generally run between the hours of 5:30 pm – 7:30 pm on Wednesday evenings from August 22nd – November 11th.
- Light snacks and coffee/tea/water, are provided at each session, and participants are invited to bring their own dinner or other food items.
- A binder with class and session information, organized by session, will be provided to each participant at the first session. Materials for each session following this will be available at the beginning of that class.