Land Acquisition Criteria

Land

— Acquisition Criteria —

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Brandon Hiett and his partners are actively acquiring land for multifamily and build-to-rent developments. I aim to identify attractive development opportunities throughout the Texas and the Carolinas

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— Retail & Commerical Land Criteria —

Type: Hard Corner Preferred

Lot Size: 1+ Acre

Access: Two with One Full Access

Traffic Counts: 25,000+ VPD

Trade Area: Minimum of 30,000+ Population

— Multifamily Land Criteria —

(Off-Market Only)

Land Size:

• 14+ Acres of “Usable” Land

  • Exclusive of Flood Zone

  • Does Not Need Entitlements

Location:

• Path of Progress Areas Only

• Texas

  • Dallas - Fort Worth

    • Frisco, Prosper, Celina, Anna, Princeton, Denton, McKinney, Sherman

  • Houston

    • Katy, Spring, The Woodlands, Conroe, Magnolia, Pinehurst

  • Austin

    • South and East Austin (Outside of the City Limits)

• ETJs are Fine, Provided Utilities Run to or Near the Subject Property.

Population:

• Income: $61,000 Median Income

• Growth: >6% Growth in a 5-mile Radius Over the Next 5 years

Density:

• Allowed to Construct 300+ Units

Due Diligence Period:

• Long DD Periods to Obtain Entitlements, Permits, Etc. From the Municipality

Additional Markets:

• North Carolina: Raleigh, Charlotte, and Greensboro.

  • Highest and Best Use: Residential or Multifamily