Development

Holcombe

Situation
Assembled three parcels of land, planned and zoned a 420 unit residential development.
Solution
The community was opposed to this development due to the size and the current traffic and school overcrowding. We were able to make improvements to the school using the sellers funding to acquire municipal approval.
Success
The project was sold to a national builder with a return in excess of 100% IRR in a 24 month period.
 

Larkin

Situation
Acquired from bankruptcy a failed 18 hole golf course and 600 unit residential development.
Solution
Create a plan for investors that would turn a $1.5 million investment into residential lot and golf course valued at over $4 million. The solution was to reactivate the golf course through good management, capital improvements and create a residential plan that was acceptable by the market.
Success
This project was sold to a national builder to be developed as an active adult community.
 

Stonebridge

Situation
Acquired a failed 18 hole golf course and 580 lot residential development without sewer.
Solution
The county required $2.5 million to run a sewer line. Partnered with a local industry to receive sewer capacity for $165,000.
Success
The project was sold at over 200% IRR to its investors over a 3 year period.
 

Delta Bluffs

Situation
Acquired 1300 acres near a proposed ocean port that had previously received development approval but had been terminated.
Solution
Was able to negotiate a new development agreement for 30 years with the county. Development fees 50% of what the rest of the projects in the area were paying.
Success
Is the closest high ground to a new deep water port and is a commercial/industrial development. It was sold for 110% profit margin.
 

The Greens at Birkdale

Situation
Was a 137 acre mixed use development where three sellers could not agree on the price.
Solution
Average the price by having two of the sellers reduce their sell price to accommodate the third higher price.
Success
The project was sold at a substantial profit 5 years later and won both ULI and NHBA awards.
 

Legends Oaks

Situation
Acquired an unsuccessful 18-hole golf course and 1200 residential lots.
Solution
Brought in builders and subordinated their lots until they could sell the homes.
Success
Sold out of the project over 1200 units in 8 years and successfully sold off the golf course.
 

Lake Russell South Carolina

Situation
Acquired from the State of South Carolina land to develop 372 single family lots including community docks and recreational facilities.
Solution
Worked with the State and the Army Corps of Engineers to obtain development rights for the only lots on the lake with docks.
Success
Formed a joint venture with the State including special State legislation requiring the Army Corps of Engineers to sell the land to the State and allow development on a lake that was previously restricted for development.
 
Hire Us

Acquisition

We acquire land throughout the Southeastern United States both from traditional sources such as agents but more often from our long standing contacts in the business community including elected officials, lawyers and accountants.           

Land

Land comes in all shapes and sizes but it must be in the right location for the planned use, and have access to utilities. Having experience in all aspects of the market, including residential, commercial, and retail, allows us to determine the highest and best use for land.

Planning

Years of experience has shown us how to analyze the market for the highest and best use of a piece of property and then work with planners to commit market concepts into a viable plan that can be approved by the local authorities.

Approvals/Zoning

Once market opportunities have been determined and committed to a viable plan, it then has to fit into local development, regulations and the vision that the community has for itself.

Sales

Finding the buyer that has the need for the developed product is key to achieving maximum results.

Development

There are many technical aspects to development, and several levels of authorities must approve today's development projects. Our team of experienced professionals has the background and relationships to get the job done on budget and on schedule.

Partnership

Partnering with expert builders from the conception of a plan allows us to acquire, plan and build residential and commercial projects that maximize the investment for all parties.