By Belfiore Real Estate Consulting
After acquiring 313 finished and partially developed lots within Centex/Pulte’s Laveen MPC “Laveen Farms,” Harvard Investments is being rewarded for taking a risk when very few land buyers were in the market in the Southwest Valley. Harvard acquired all 313 finished and partially developed lots from Centex/Pulte back in December of 2011 for $3,874,500. Since this acquisition, Harvard has already sold 174 finished lots to two public homebuilders for a combined sales price of $7,626,750 (and Harvard still controls 139 lots). Rose Law Group founder and land use attorney, Jordan Rose, commented, “Harvard was beyond smart in their purchasing decision back when no one had the capital to buy big. They accepted the risk and held firm to their belief that our market would recover – and obviously they had the wherewithal to wait it out. Congratulations to one of the market leaders.”
