A real estate developer is the project's initial owner and originator, the middleman between the project's service providers, and the person in charge of the project's full development up until its fruition. Property developers often want to turn a profit after the project is finished by selling the developed property. A real estate investor buys properties and then sells or rents them; this is not the case with a property developer. Also, a developer is not a person hired to perform building labor. Property developers include property owners, building firms, institutional investors, governmental or quasi-public organizations, or any other special interest group. Property developers often take on the most risk and have the highest potential rewards in real estate development projects.

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