Real estate development is the activity of management and coordination of different agents and activities involved for the creation of a real estate property, in order to satisfy a building need. Such activity is highly risky and therefore this risk is expected to be rewarding.

The Leser Group, headed by Abraham Leser operates in real estate. Abraham helps the company to acquire, develop, improve, and lease income-producing properties, primarily in offices, commercial, and public institutions. The Leser Group, which is based in Broklyn, New York, and operates in the United States, develops and sells real estate entrepreneurs projects. Abraham Leser believes that all people have the right to have decent, safe and affordable housing. For this reason, he has as a fundamental value the creation of housing for purchase and rental that serves as a basis for people to improve their lives.

The real estate developer is in charge, in essence, of finding an unmet need for building and satisfying it. It is a very abstract term that can be landed through examples.

Examples of real estate developments are:

• · A doctor has a considerable amount of savings and finds land with great potential in the city. He decides to make apartments for sale to generate profit and keep one.

• · A family wants a house to live in but is not satisfied with what they find, they decide to build their own house for their own use, they hire an architect and are financed with a bank mortgage.

• · A makeup company needs a larger factory, they decide to invest in an industrial warehouse, which will only occupy 33% and will seek to rent the rest to help with cash for its business.

• · A government institution needs new administrative offices and decides to build an iconic tower for the city where it will house many of its processes. A development company sees that there is a demand for low-income houses and decides to buy a piece of land slightly on the outskirts of the city, is in charge of developing the land and subdivides it into blocks of 20 smaller lots to later sell them and recover their investment.

However, conducting real estate development is highly risky. Various situations can complicate the process and the potential losses are very high: the land is not suitable or is contaminated, there are restrictions on the type of building that can be built, or on the height, the interest rates are very high and the construction it is delayed, building costs skyrocket, the design does not meet expectations, apartments are not selling well or the rent is lower than expected, etc. Therefore, it is recommended that a person or company that is dedicated to this field is the one that gets involved in such activities.

In the examples shown above, we can see that people who are not necessarily directly involved in construction are often real estate developers despite not having the expertise in the field. It is also the case that developers may seek to satisfy the need for its use or for the use or enjoyment of someone else. Usually the latter is more common.