How it works
We offer amazing ways to work with the community. Work with the best team of development professionals. Here are a few steps to get you started on your pathe to success.
Landowner will submit an inquiry of their interest in the
Wegen platform given this individual has a property it would like to
develop for a higher return than an outright sale. The landowner
will be required to provide details of the location, existing liens in
place, and current ownership structure.
Once the information is received, the Wegen team will
assess the property and conduct an analysis to decide the
highest/best use of the land and whether it is an appropriate fit for
the platform.
Upon approval, the team will commence discussing the
current property value. In the event, there is a dispute on the
property value, the team will conduct a 3rd party appraisal.
If the landowner elects to proceed after the property
assessment, Wegen will prepare a design for the property that
achieves an economic and social return for the community.
Once both the landowner and Wegen have agreed on the
proposal, Wegen will post the opportunity to the site for investors to
support the newly approved project.
The Architect/Engineering/General Contractors will
commence working on the project to execute with the desired
timeframe and cost allocated to the project.
Once the project is completed, the team will execute the
agreed upon business plan that may include a sale or the ongoing
operation of the developed asset.
Returns from the sale/ongoing operation shall be distributed
based on the pro-rata allocation. All fees and ownership percentages
will be negotiated at the time the land is contributed to the
partnership for development. Wegen will receive an allocation of the
project given it will serve as a broker for the landowners, investors,
and service providers.
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Building network for minority real estate ecosystem