DRH Package

DRH Package

Various locations

Type
Land/Single Family
Acquired
September 2008
Sold
September 2015
Fund
Cypress Realty VI

Acquisition of 3,240 lots within nine communities located in Texas, Colorado, and Arizona purchased from a national homebuilder seeking immediate disposition prior to its fiscal year-end.  Purchase price of the finished lots was less than 15% of both lot value and the cost to develop the horizontal infrastructure.