Hello everyone!
For this week’s podcast, I’m describing briefly the logic behind one of our recent transactions, which raised some eyebrows when made public a few weeks ago.
I decided to partner with multifamily investor Rene Sanchez to acquire a 10.6-acre piece of land in Covington, GA, for US$ 1,800,000.00.
The land, located in Newton County, GA has an approved zoning permit for residential development and a proposed multifamily property plan for 176 units and is surrounded primarily by commercial and residential land use areas.
This was a very special and rather unexpected acquisition because we hadn’t bought land before, so it was kind of a surprise to a lot of people.
Please check out this short episode to get an idea of our reasons for this transaction.
