The growth of credibility. As our projects have decreased in relative cash equity requirements, they have increased in both scale and diversity of funding sources. Joint ventures leverage third party investments and subsidized projects allocate reduced land costs and social program benefits to increased equity positions. Collaborations with land-owners allow the value of the land to serve as the needed equity of a development budget without much need for additional cash outlay. We have begun leveraging our development credibility to instigate projects that are less reliant on cash than they are on experience.
Dramatic change in practice is enabled through a radical shifting of roles by expanding our capacities - and our risk - to employ the lever of real estate development to re-constitute the nature and potential of architectural practice. By instigating our own developmentprojects, Latent is re-shaping professional alliances and challenging professional barriers - adding expertise in both construction and finance to our active repertoire.