BRIGHTON, CO-Lansing Companies, based in San Diego, has successfully closed on another property with Lehman Brothers. This purchase represents the fifth acquisition by Lansing of a former Lehman asset in less than 12 months.
This particular purchase involved 14 acres fully-entitled for 175 townhouse units located in a master planned development. Lansing plans to develop the site over the next couple of years as demand dictates. The property in Brighton, northeast of Denver, is the second purchase by Lansing in the Centennial State; earlier last year, Lansing acquired a master plan called Legacy Park in Dacono, CO, furthering the aggressive expansion plans of the company.
Greg Lansing, president, foresees bright times ahead for the country's housing markets. “We have turned the corner. And our company is going to be well placed to help fill the need that homebuilders will continue to have for ready-to-build lots in the growth markets we operate in,” Mr. Lansing stated.
With numerous projects in California, Nevada, Arizona and now Colorado, Lansing Companies has become one of the largest land developers in the Western United States. Currently, Lansing manages more than 20,000 lots and more than 35,000 acres throughout the Southwest.
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