Real Estate | Community Development | Our Growth Record
Growing in Our Target Markets
We are focused on strategic and disciplined growth in our target markets.
We are actively seeking growth opportunities in our target markets, which meet our return criteria. Our focus is primarily on sunbelt states, where demographic growth supports favorable housing demand. A sample of recent acquisitions are reflected below.
3rd Qtr. 2011- Acquired 180 fully developed lots for $9 million in a master-planned, mixed-use community located in Kingwood, Texas - including the right to receive about $4 million in reimbursements through a development agreement with the City of Houston.
Discovery at Spring Trails
2nd Qtr. 2011 -Acquired non-performing bank loan for $21.5 million, secured by a first mortgage against a 900 acre master-planned, mixed-use community located in Spring, Texas.
TEMCO and CL Realty
1st Qtr. 2012 - Acquisition of 17 real estate projects within TEMCO and CL Realty joint ventures.