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.
Plain City, Ohio
Highland Real Estate Group
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