Land Investor Experiences Demand From Home Builders

Stratford’s property in Austin is called Estancia Hill Country.

AUSTIN, TX—Since 2012, Dallas-based Stratford Land has sold more than $618 million worth of land (approximately 25,000 acres) across the high growth regions of the country. During the past four years, Stratford has noted a high demand for land in all asset categories, but in 2015 was a particular interest in land for multifamily and single-family residential. As of last month, Stratford Land has an inventory of more than 35,000 acres of land for sale in the Sunbelt regions and more than $200 million worth of land under contract or with letters of intent to close during 2016.

Phillip Wiggins, CEO of Stratford Land, tells GlobeSt.com: “As a long-term land investor in the most populated areas of the Sunbelt, Stratford Land is currently experiencing a strong demand from home builders from the Carolinas to Florida, throughout Texas, in the Phoenix area and Southern California. This is a clear indication that the economy is doing well and the secondary market is returning.”