Loading...
You are here:  Home  >  Real Estate  >  Current Article

Female-led investment group makes another West Valley land purchase

Posted by   /  July 19, 2019  /  No Comments

    Print       Email
Eileen Jain Sahai, Anita Verma-Lallian and Smita Patil Mehta started SLM Land Holdings. / Phoenix Business Journal

Disclosure: Rose Law Group represents SLM Land Holdings

Firm is buying up land with long-term development potential

By Corina Vanek | Phoenix Business Journal

SLM Land Holdings — a real estate investment firm led by Anita Verma-LallianEileen Jain Sahai and Smita Patil Mehta — has bought its second land parcel in the West Valley.

LallianEileen Jain Sahai and Smita Patil Mehta — has bought its second land parcel in the West Valley.

The group bought 121 acres near downtown Tonopah, south of Interstate 10, and have 12 investors included on the purchase, Verma-Lallian said. The purchase price was about $8,700 per acre for the parcel, which is near Interstate 10 and 411th Avenue. The group bought its first parcel, 120 acres near 339th Avenue and Interstate 10, in May.

Verma-Lallian has extensive experience in land investment through her family’s company, Vermaland, but the new venture is not affiliated with Vermaland. Sahai is an attorney, and Mehta is a physician.

READ ON:

(Subscriber Content)

    Print       Email

Leave a Reply

You might also like...

[COMMENTARY] Endangered Species Act reforms improve Incentives for landowners to recover species

Read More →