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Brennan Investment Group's Scott McKibben says the 2.3-million-square-foot sale-leaseback is with “an established tenant with long-term commitment to the areas.”
“Strong catch-up forces” after the post-downturn decline in homebuilding will propel 9.2% growth in single-family starts in 2018, says data firm ConstructConnect.
The acquisition of nearly 4,800 fully entitled lots across 20 projects in the Southeast and Southwest is “a rare opportunity in the residential land sector,” says VP David Baker of Starwood Capital.