Thank you for sharing!

Your article was successfully shared with the contacts you provided.

McLEAN, VA-Fraser Forbes, a land broker that also offers management and advisory services for banks, is expanding into financing. The move is part of a larger strategic growth plan the company has had in place for the past two years, CEO Richard Samit tells GlobeSt.com.

Fraser Forbes is partnering with Stirling Realty Advisors in order to source debt and equity for land purchases. In a previous interview with GlobeSt.com, Samit had identified about $5 billion in private equity that was ready to pull the trigger on investments at the market bottom.

With the venture now officially underway, Fraser Forbes will be targeting a wide range of opportunities from $5 million to $100 million. Because Sterling finances all aspects of commercial real estate, Samit says, the venture will also consider non land deals. “First and foremost, our pool of debt and equity providers care about getting a good deal – they are not necessarily interested in only investing in land.” Land, of course, was a hot commodity during the real estate run up of the past decade – particular among home builders. For the last two to three years the market has been stagnant, to state the obvious. However there are stirrings among some home builders that suggest a new cycle is beginning – at least for investors in land. Another indicator, Samit says: the bid ask spread in land sales has been narrowing for some time.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.