Our Philosophy
Our philosophy is that land development follows the simple fundamentals of business economics: create value by efficient manufacturing (construction) at a lower price than the finished product value. Like any other business model, attention to detail and efficiency is what distinguishes a successful company from a failing one. At AMG, we believe that buying the land at the “right price” with the least amount of entitlement risk is the primary key to creating successful developments. Determination of the “right price” requires market knowledge and thorough legal analysis of the development rights, environmental review, and many other factors such as the cost to build and the end-user market conditions. The foundation of a successful land acquisition relies upon a comprehensive due diligence performed by experienced professionals with deep market knowledge on supply, demand, and rent levels. We act quickly to understand the risks in acquiring land, thus outperforming its competitors, who must obtain approvals from various committees and investors. AMG also aims to thoroughly understand every aspect of the development process and market conditions then employ the best team of engineers, architects, and other design professionals to design and develop an efficient and profitable development. Strategic, valuable partnerships with general contractors and development partners give AMG the unique ability to reach quick decisions based on the most current cost and market data available in the marketplace.
The second key philosophy that distinguishes AMG from other developers is how we addresses political risk. Unlike most other business sectors, land development for most large-scale projects is a political process with local governments frequently disregarding land use law. AMG’s philosophy in working through the political process is a “top-down” and “bottom-up” approach. This approach is to work closely and in good faith with the planning staff of local governments while simultaneously working with elected officials who may have the ability to use their discretion to approve or disapprove a project. This approach, coupled with negotiations with city attorneys, has been a successful model as projects are properly vetted by all parties prior to the elected officials taking action.