Business News

Residential Land Acquired By Real Estate Company DBSI

2008-07-15 13:16:00

    BOISE, Idaho, July 15 /EMWNews/ -- DBSI Acquisitions, a nationwide

buyer of investment-grade commercial properties, is pleased to announce

that it has recently completed four transactions. The company closed on the

purchase of residential land ideally located in the current and future

paths of growth.



    The primary focus of DBSI Acquisitions is on well-positioned real

estate opportunities. These recent dealings fall under that approach as the

company is aggressively buying finished lots, partially finished lots,

super pads, and entitled residential land across the country.



    The transactions include:



    -- Phoenix, Arizona Metropolitan Statistical Area (MSA) -- 142 finished

residential lots on approximately 69.49 acres within a master-planned

community in Casa Grande, Arizona, a high-growth Phoenix suburb. The

community consists of 1,650 acres and is expected to include up to 5,000

homes upon completion. Current community amenities include a middle school,

a completely developed 47-acre park with lakes, ramadas, and water

features. Future plans include two elementary schools and an aquatic

center.



    -- Reno, Nevada MSA -- A super pad site consisting of 20.88 acres of

residential zoned land in Sparks, Nevada, which is situated in the

northeast quadrant of the Reno-Sparks metropolitan area. The property is

part of a master planned community consisting of 15 villages with 2,280

units planned at build-out. The Property is bordered by thousands of acres

of foothills and open space to the east, with an 18-hole golf course to the

west.



    -- Las Vegas, Nevada MSA -- A super pad site consisting of 21.7 acres

zoned high-density residential located in the northwest submarket of Las

Vegas, Nevada, in a premier master planned community that consists of

approximately 1,200 acres and 7,000 residential housing units at build-out.

Parks and 10 miles of pedestrian friendly landscaped walkways complimented

with shade trees will serve to connect the community. The community will

also feature two elementary schools and one middle school.



    -- Orlando, Florida MSA -- 194 residential lots within a two-phase

subdivision located in Apopka, Florida, which is approximately 12 miles

northwest of Orlando. Phase 1 encompasses 102 finished residential lots and

is situated on approximately 36.62 acres with two community parks. Phase 2

consists of 92 entitled residential lots on approximately 58.5 acres with

one park.



    Since 2004, the Acquisitions division of DBSI has acquired over 200

properties valued in excess of $2 billion in more than 30 states. Their

primary focus is to locate and acquire high-quality real estate. such as

retail, office, flex, industrial and multifamily offerings. DBSI has

acquisition offices located in Atlanta, Boise, and Chicago. For more

information, contact Vic Moore in the Atlanta office at 770-841-0001, Bill

Fremgen in Boise at 208-489-2600, or Matt Blauvelt in Chicago at

312-212-4456. Information is also available by visiting

http://www.dbsi-ddrs.com.





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