Landmark Capital Advisors is pleased to announce a successful JV equity capital raise for phase I of the Green Mountain master planned community in Camas, WA, a suburb of Portland, OR. Proceeds will be used to finance the acquisition and development of approximately 51 acres approved for 201 single-family lots. The overall master planned community is 283-acres with 1,300 SFR lots and consists of a mix of SFR and attached product.
Challenge of the assignment included: Getting a capital partner comfortable with entering a new market where transactional data is less readily available because equity for local homebuilding and land development projects has not traditionally been dominated by institutional investors.
Solution: Landmark Capital, with its affiliated companies Land Advisors Organization and Market Insite, has the unique capabilities and resources to analyze an opportunity, assemble the relevant market data to support a significant investment, identify a qualified investor, and provide ongoing support to insure a successful close.