Residential Land Acquired By Real Estate Company DBSI

The primary focus of DBSI Acquisitions is on well-positioned real estate opportunities. These recent dealings fall under that approach as the company is aggressively buying finished lots, partially finished lots, super pads, and entitled residential land across the country.

The transactions include:

--Phoenix, Arizona Metropolitan Statistical Area (MSA) -- 142 finished residential lots on approximately 69.49 acres within a master-planned community inCasa Grande, Arizona, a high-growthPhoenix suburb. The community consists of 1,650 acres and is expected to include up to 5,000 homes upon completion. Current community amenities include a middle school, a completely developed 47-acre park with lakes, ramadas, and water features. Future plans include two elementary schools and an aquatic center.

--Reno, Nevada MSA -- A super pad site consisting of 20.88 acres of residential zoned land inSparks, Nevada, which is situated in the northeast quadrant of theReno-Sparks metropolitan area. The property is part of a master planned community consisting of 15 villages with 2,280 units planned at build-out. The Property is bordered by thousands of acres of foothills and open space to the east, with an 18-hole golf course to the west.

--Las Vegas, Nevada MSA -- A super pad site consisting of 21.7 acres zoned high-density residential located in the northwest submarket ofLas Vegas, Nevada, in a premier master planned community that consists of approximately 1,200 acres and 7,000 residential housing units at build-out. Parks and 10 miles of pedestrian friendly landscaped walkways complimented with shade trees will serve to connect the community. The community will also feature two elementary schools and one middle school.

--Orlando, Florida MSA -- 194 residential lots within a two-phase subdivision located inApopka, Florida, which is approximately 12 miles northwest ofOrlando. Phase 1 encompasses 102 finished residential lots and is situated on approximately 36.62 acres with two community parks. Phase 2 consists of 92 entitled residential lots on approximately 58.5 acres with one park.

Since 2004, the Acquisitions division of DBSI has acquired over 200 properties valued in excess of $2 billion in more than 30 states. Their primary focus is to locate and acquire high-quality real estate. such as retail, office, flex, industrial and multifamily offerings. DBSI has acquisition offices located inAtlanta,Boise, andChicago. For more information, contact Vic Moore in theAtlanta office at 770-841-0001, Bill Fremgen inBoise at 208-489-2600, or Matt Blauvelt inChicago at 312-212-4456. Information is also available by visiting http://www.dbsi-ddrs.com.

SOURCE DBSI Acquisitions

Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze, Daily News

Tags: Banking and Finance, Real Estate, idaho, arizona, nevada, florida

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