RCLCO Real Estate Advisors (“RCLCO”), along with Launch Development Finance Advisors, have updated their listing for year-end 2021 outlining how the 50 Top-Selling Master Planned Communities in the United States are financing their infrastructure. For the updated list, click on the link below.

Top-Selling Master Planned Communities

For more information regarding market-related conditions behind the success of top-selling projects, contact RCLCO’s Gregg Logan or Karl Pischke glogan@rclco.com or kpischke@rclco.com respectively.

For more information regarding public financing structures, contact Launch’s Pam Giss or Carter Froelich pamelag@launch-dfa.com or carter@launch-dfa.com respectively.

In this issue of The Launch Report™ you will find an in-depth interview with Heath Melton, the President of Howard Hughes Phoenix Division in relation to their recent acquisition of the 37,000 acre Douglas Ranch master planned community located in Phoenix’s West Valley.

You will also find an article by Nick Kral on the importance of properly estimating fees and special district financing amounts when performing due diligence. Lastly there is information on California’s Assembly Bill 602 and Senate Bill 319 which attempt to address issues with transparency related to California development impact fees.

Enjoy!

Carter Froelich, CPA

In the 1Q21 issue of the Launch Report you will find Land Advisors Organization’s residential land market overview for 18 markets; a check list of 25 potential land mines to avoid during a frothy real estate market; the tangled mess of California attempting to add 3.5 million homes to the state’s housing stock and, the introduction of a new non-recourse, long term (30 year), tax exempt and taxable bond vehicle that requires no local jurisdictional approval that can be used to construct both public and private infrastructure.

Launch Report

Kind Regards,

Carter Froelich, CPA

In this quarter’s Launch Report we are excited to provide an interview with Mark Morse and IV Chandler of the Villages Land Company related to the success factors that have made The Villages the top selling master planned community for 14 of the last 20 years.

You will also find the 2020 Year End RCLCO Real Estate Advisors and Launch’s Top 50 Selling Master Planned Communities Financing Mechanisms related to how these top selling communities are financing their infrastructure.

Last but not least, we outline an issue we are noticing around the country that could cost land developers and builders hundreds of millions of dollars.

Enjoy!

Sincerely,
Carter Froelich, CPA

Sunstone (Phases I & II)
City of Las Vegas, Nevada
$18,600,000
October 20, 2020

Yield: 4.16%
Maximum Term: 29.5 years
Value-to-Lien Ratio: 4.29 to 1
Average Assessment Per Unit: $11,171
Average Assessment Lien Per Assessable Acre: $80,834
Underwriter: Stifel Nicolaus

Purpose: To reimburse the developer (an affiliate of Lennar Homes, Shea Homes and Woodside Homes) for the costs of regional roadway, water and sewer improvements related to the development of the Sunstone master planned community located in Las Vegas, Nevada.

For more information or how we may assist in the financing of public improvements related to your project, contact Carter Froelich, CPA at 1-855-970-0003 ex. 4355 or email at carter@launch-dfa.com.