Real estate development and investment is a capital intensive business with inherent risk, requiring a diverse set of skills. Joint venture relationships and capital investors play a key role in Drake's business strategy. Drake has been successful in creating joint venture relationships with lending institutions, land owners, developers and retail clients. Drake believes that a successful joint venture comes from discussing and documenting the project parameters and objectives up front and maintaining open lines of communication at all times. Drake has fostered a great deal of trust with its investors and joint venture partners by executing a consistent and disciplined business strategy.