What is the IRR Target for land development in the Brookfield case?

In the context of the Brookfield case regarding land development, the Internal Rate of Return (IRR) target is set at 15-20%. This target is significant as it reflects the expected profitability and the level of risk that investors are willing to accept for engaging in land development projects. The 15-20% range indicates a balanced approach to investment, aiming to provide sufficient returns while considering the various risks associated with real estate development, such as market fluctuations, regulatory hurdles, and the costs involved in development activities.

This IRR target aligns with industry standards for land development, where projects typically aim for returns that can justify the investment risks taken. It also serves as a benchmark for evaluating potential projects' feasibility and profitability, helping stakeholders make informed decisions about their investments in this sector.