(Crystal Proenza is associate editor of RealEstate Florida.)

LEHIGH ACRES, FL-Brookwood Value Partners LLC, an affiliate ofMassachusetts-based Brookwood Financial Partners LP, has purchased214 finished residential lots here as part of its new buyingstrategy focused on purchasing land with entitlements ready to bebuilt upon. The vacant lots are part of a planned residentialcommunity at Homestead Road and Marble Brook Boulevard called theGrove. Terms of the deal were not disclosed.

"Land is poised for a comeback quicker than other markets,"Thomas N. Trkla, Brookwood's chairman and CEO, tells GlobeSt.com."We have started focusing on the best value to play and we don'tthink it's in commercial property right now, and we don't think itwill be in the next 12 to 24 months."

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