Purchase and develop post-Sandy depressed waterfront properties leveraging our ability to acquire, fund, design, and construct in an efficient, streamlined process.
Expectations were to use alternative building methods, such as prefab, to reduce costs and construction time. We worked with a local realtor to design an appropriate product.
Investment profile was for 20%+ annual returns.
*Lesson learned: Building on the water is more expensive and time consuming than inland. Vacation and retirement homes take longer to sell. Choosing a local business partner is a key part of lowering risk.