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Frequently asked questions

Before you call.

The questions we hear on almost every first conversation. If yours isn't here, the phone number works: 713-300-3744.

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Fifteen questions.

Grouped by who's usually asking.

Response time. Inquiries submitted through this site are answered by a partner within one business day.

Land Development Analysis

What is a Land Development Analysis?

A six-section report that documents what a specific parcel is worth built out and which use is highest and best: executive summary, physical analysis, financial analysis, market analysis, legal considerations, and qualifications. The recommendation on page one traces to the evidence behind it, so a lender, partner, or city can audit the reasoning line by line.

Who is it for?

Landowners deciding whether to sell, hold, or develop. Investors underwriting a purchase. Partners and lenders who need a documented basis for a decision. Municipalities and nonprofits evaluating a site for housing. If you're about to spend real money on land, or you already own it and it's producing nothing, it's for you.

How small a site will you look at?

Half an acre gets the same six-section analysis a two-hundred-acre master plan gets. Infill lots inside Houston are a core part of our own portfolio, and we bring institutional underwriting to deals institutions won't look at.

Will you tell me if my project doesn't work?

Yes. Some of our most valuable work has been showing an owner that the project they wanted doesn't pencil, before they spent the money finding out the hard way. The alternatives we tested and why they lost are in the report.

What does it cost, and how long does it take?

Most analyses are delivered in about thirty days. Scope depends on the size of the site, the jurisdiction, and how much of the physical and legal work already exists, so we quote a fixed fee after a short call and a look at the parcel. Big firms charge $50,000 and up for this work and serve institutions; we built AIRE for individual landowners and first-time developers, and if you finance the project through us, the LDA fee rolls into your loan.

What do I need to send you to get started?

The parcel address or appraisal district ID, approximate acreage, how you hold it, and what you're trying to decide. A survey, plat, or existing site plan helps but isn't required. Twenty minutes on the phone is enough to scope the work, wherever the land is.

Can I use the LDA with my lender?

That's what it's built for. The financial section includes a full development budget, pro forma, underwriting specifications, and lender outreach. On several engagements we've carried the work directly into the capital markets on the owner's behalf.

Working with AIRE

Do you invest in or partner on the deals you analyze?

Sometimes. We put our own capital into the same markets and asset classes we advise on, and several of our holdings are structured as joint ventures. If a site fits our thesis we'll say so. If it doesn't, you still get the honest answer on paper.

Where do you work?

Nationwide. We are based in Houston, our own portfolio is in Texas, and we have an active development project and Land Development Analysis work in Georgia, with deals being sourced in Florida. An LDA is built from public records, market data, and site work, so a parcel in North Carolina gets the same analysis as one in Harris County. Send us the address.

Do you handle entitlement, financing, and construction, or just the analysis?

The full lifecycle, in the order we actually work it: advisory first, then capital formation, then development. Site acquisition, entitlement, joint venture structuring, tax-advantaged financing (LIHTC, NMTC, Opportunity Zones, USDA and HUD programs), public-private coordination, construction management, and stabilization. Most clients start with the analysis and end up needing more than one piece.

Do you work with cities and nonprofits?

Yes. Our leadership has spent much of its career on the public side of the table, including as Director of Community Development & Real Estate for the City of Bryan, Texas. Workforce and affordable housing is where our credentials live: HUD-certified HOME program specialist, NDC economic development finance professional, LEED Green Associate.

How quickly will you respond?

Inquiries submitted through this site are answered by a partner, not an assistant, within one business day. The office is open Monday through Friday, 9:00 AM to 6:00 PM Central, at 713-300-3744.

Investors & partners

Can I see addresses and financials for the portfolio?

Not on the website. Several assets are held through joint-venture entities, and specific addresses, acquisition terms, and financial performance are available to qualified partners under confidentiality. The Portfolio page presents composition only and is not an offer to sell securities.

Are you raising capital?

We structure most of our projects as joint ventures and evaluate partners deal by deal. If you're an accredited investor or an institution interested in workforce housing, tax-credit deals, or Opportunity Zone projects, start a conversation and we'll tell you what's active.

Is there a way to learn how you analyze deals?

Yes. MD Marshall hosts a free live training, How to Analyze Land Deals Like a Developer, every other Monday at 7:30 PM Central. Reserve a seat here.

Start here

Bring us the parcel.

Whether you own the land, are underwriting a deal, or need capital placed, we start with the same question: what is this site actually worth built out?

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