Mobile, Arizona:  From 2003 to 2006, we assembled of over 130 different property owners to create a 10,000 acre master plan in Mobile, AZ.  Our team formed a partnership with a California homebuilder to finance the acquisition and entitlements.  The entire master plan community was sold in September, 2006 for approximately $320 million cash.
IRR = 957%

Laredo Ranch:  In May, 2003, we negotiated an option to purchase 250 acres of farm land at the Northeast of Schnepf and Combs Roads in Pinal County, AZ.  Entitlements were obtained for a master planned community of 966 single family lots.  Sold Final Platted and Engineered lots to Taylor Woodrow Homes in January, 2005, and held a profit participation post sale.
IRR = 1086%

SWC Attaway & Hunt Hwy.:  In late 2004, negotiated an option to purchase 12 acres of land across from what is now Pulte’s Anthem Florence.  The land was bisected by a parcel owned by The Union Pacific Rail Road. After 10 years of unsuccessful attempts by the previous land owners, the RR finally agreed to trade a cashiers check for a quit claim deed.  The hard corner was then planned for neighborhood commercial, and sold to a retail developer in January, 2006.
IRR =  402.76%

83rd Ave & Hwy. 238:  In February, 2004, purchased 80 acres in Maricopa County, AZ:  Sold as a component to the Mobile master plan in November, 2005.
IRR = 121.57%

Vekol Valley:  Assembled 7,000 acres surrounded by the Sonoran Desert National Monument in Maricopa County, AZ.  We are now in the early stages of planning this large scale community.

Circle G 720:  Master Planned Community  located southwest of Power and Ray Roads in Gilbert, AZ.   Purchased 720 acres with Circle G Development in 1998 for $20,000,000 ($28,000 per acre).  Resold parcels to Shea Homes and William Lyon Homes. Current projects include Vestar (Super Target and Walmart).  Commercial and Industrial sites are currently selling for $8.00 - $20.00 per sq ft.

Mesa 40:  Purchased 40 acres of industrial land at Hawes and Warner, Mesa, AZ in 2000 for $1,742,400 ($1.00 per sq ft.).  Current offers have been received at $7,840,800 ($4.50 per sq ft.).