What made it special:
- Highly desirable location, ½ mile from the beach, State Park and Downtown Lewes.
- Proximity to natural amenities, including ponds, preserved woodlands and the
Junction Breakwater Trail Network.
How we added value:
- Launched as the first new greenfield development in the market following the
Global Financial Crisis.
- De-risked the investment by structuring a phased land purchase with the seller,
capitalizing the project without the use of debt, and securing a significant deposit
from the homebuilder.
- Achieved structured upside in the lot sale agreement through participation in lot
premiums and finished home price appreciation over the life of the project.
- Programmed a market leading amenity complex with clubhouse, tiki bar, and
- Exited, with all lots sold in 2016, less than four years after the commencement of