(Disclosure: Rose Law Group represents Anita Verma-Lallian.)
By AZRE | AZ Big Media
Equity Land Group, a Phoenix-based land investment and development company, recently closed on three separate properties for a combined purchase of $10 million, making this their largest raise to date. Including Equity Land Group’s first two land purchases, it has raised more than $15 million since 2020.
Equity Land Group purchased six acres located at Glendale Avenue and Loop 101. It then added in a ten acre plot located near the corner of Camelback Road and North Litchfield Road, as well as seven acres in Buckeye, off Miller Road and the I-10 Freeway.
“We are seeing a huge spike in residential growth throughout the valley,” says Anita Verma-Lallian, co-founder of Equity Land Group. “That means there’s also a high demand for commercial properties to develop the amenities that this new housing will demand. We hope to continue to educate our investors on what is happening in the Phoenix area, and help them identify and invest in land.”
The Glendale property is in close proximity to State Farm Stadium and the Westgate Entertainment District. The original sellers rezoned and built infrastructure, which makes the property flexible for usage. There are plans for a luxury apartment complex on the adjacent property, as well as a mixed use property across the street.