Big Builder Activity in Verrado, 367 Lots Acquired in Two Days

Verrado Phase 3 South

VIZZDA--August 26th, 2013 -- 5 Builders have acquired lots in future phases of Verrado in sales totaling $25M+ in just two days at the close of August. Most of the purchases are within Phase 3 South- which totals 634 lots on 207.62 acres and was final platted on August 9^th, 2013. A portion of the lots—phases 3.408 & 4.505—are located in a different phase of Verrado.

As part of the transactions, all of the builders in Phase 3 South entered lot completion agreements with additional deferred consideration. 

VIZZDA subscribers access even more detail- including purchase agreement/financing detail, lot release information, historical pricing, direct contacts, planning data, and more!  

BUILDER	PARCEL	DESCRIPTION	LOT COUNT	SALE PRICE	PER LOT	PER FF
MERITAGE*	2.102 & 2.103	PARCEL 2.102- 45 LOTS 70'X130' TYP (45 OF 48 TOTAL). P.2.103- 4 LOTS 55'X120' TYP (4 OF 94).	49	$4,281,000	$87,367	$1,270
MATTAMY	2.104	58 LOTS 45'X120' TYP (58 OF 58 TOTAL) ON 11.16 ACRES GROSS	58	$3,190,000	$55,000	$1,222
AV HOMES	2.101 & 2.103	PARCEL 2.101- 80 LOTS 65'X120' TYP (80 OF 80 TOTAL). P.2.103- 90 LOTS 55'X120' TYP (90 OF 94).	170	$12,770,000	$75,118	$1,258
MARACAY	2.102 & 2.105	PARCEL 2.102- 3 LOTS 70'X130' TYP (3 OF 48 TOTAL). P.2.105- 29 LOTS 50'X120' TYP (29 OF 29).	32	$2,079,500	$64,984	$1,253
		sum (PH 3 South)	309	$22,320,500
LENNAR	4.505	36 LOTS 45'X115' (36 OF 36) ON 6.45 ACRES GROSS	36	$1,918,800	$53,300	$1,184
LENNAR	3.408	22 LOTS 45'X120' AVG (22 OF 22) 3.91 ACRES GROSS	22	$952,600	$43,300	$962
		total sum	367	$25,191,900

*Meritage’s portion was taken down by GSO Capital- dba Community Development Capital Group.