Summary
Located NW of Columbus Ohio, this project benefits from a strong, diversified small-town local economy while also feeling pressure from Columbus Metro growth.
Mid-priced housing stock in and around the local communities have lagged local employment growth for years.
Location
2023
Client
84
Acres
Plain City, Ohio
Completion Year
Highland Real Estate Group
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1. Purchased 84 Acres of Farmland
Negotiated an option period within the land contract, with no penalties for cancellation. We exercised the option and purchased the land.
2. Entitled New Community / Completed Entitlement Process
Finished site studies, gathered input from the local community, designed detailed site plans, completed preliminary engineering work, and completed legal due diligence. Collaborated closely with a National Builder. Received all required local approvals and zoning changes.
3. Sold to National Builder
DR Horton, DHI (NYSE), a premier national home builder, purchased the project, and is completing the construction phase, which include 138 single-family and 110 patio homes.
4. Financial Summary
Investor returns exceeded projected return assumptions.
For a more detailed financial review, please contact us
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