The difference between a curriculum and a career.
Most coaching programs end with a certificate. The Development Residency ends with a deal. Over six months, each resident works directly alongside Prashanth on a live Chicago project — from site selection through closing statement — while completing eight deep teaching sessions that tie the textbook to the actual transaction.
This is not a spectator program. Residents participate in real decisions on real projects: reviewing pro formas, attending lender meetings, sitting in on design reviews with PMPC, walking construction with the GC. You'll see the parts of a deal that nobody writes about — the call where a lender pulls back, the moment a variance hearing goes sideways, the text thread with the contractor at 6 AM.
Because residents participate in live deals, we keep the cohort to six and require an application and interview. If it's not the right fit for you or for us, we say so honestly.
Mo 01
Session 1 · Orientation + Live Project Assignment
Cohort kickoff. Each resident is matched with an active project. We review the deal thesis, the capital stack, and the role you'll play over the next six months.
Full-day in person · Chicago
Mo 01
Session 2 · Underwriting on a Live Deal
You underwrite your assigned project from scratch. Prashanth marks it up. Every number gets defended or redone. By the end, you understand where rookie underwriting goes wrong.
Half-day intensive · Chicago or Zoom
Mo 02
Session 3 · Zoning, Entitlements & the Real Timeline
Deep Chicago zoning workshop applied to your deal. If the project needs a variance, you'll sit in on the strategy session. If it doesn't, you'll see why we chose an "as of right" path.
Half-day + field visits · Chicago
Mo 03
Session 4 · Capital Stack & Lender Meetings
Residents sit in on live lender conversations (with NDAs). See how terms actually get negotiated, and how PMPC structures JV agreements. Guest bank intros.
Half-day + live meetings · Chicago
Mo 04
Session 5 · Design, Permits & the Build-Out
Full day inside PMPC. Design review for your assigned project, permit status walkthrough, and GC bid review. You'll see the architect and developer sides of the same project.
Full-day intensive · PMPC office
Mo 05
Session 6 · Construction Management in Practice
On-site at your project. Walk the build with the GC. Review the schedule, the pay apps, and the change orders. Learn what actually blows up a budget and what's just noise.
Half-day on-site · Chicago
Mo 05
Session 7 · Marketing, Pricing & Disposition
Pricing strategy, broker selection, staging decisions, MLS timing. We'll dissect how recent PMPC projects got sold — including the $3.525M Racine View duplex.
Half-day intensive · Chicago or Zoom
Mo 06
Session 8 · Your Own Deal — Full Pitch & Forward Planning
The capstone. Each resident presents their own first deal — site identified, numbers underwritten, capital plan drafted. Prashanth and a guest panel give the same feedback a deal committee would. Many residents' first deals get initial capital commitments right here.
Full-day intensive · Chicago
Monthly
1:1 Coaching with Prashanth
One hour each month, dedicated to your own deal pipeline. Bring any site, any pro forma, any tricky decision. This is where residency pays for itself.
60 min · Monthly · By appointment