Land Banking (Residential Lot Option Financing)
Pircher, Nichols & Meeks represents a number of different institutional capital sources and private investment partners for residential real estate development projects (both single-family and multi-family projects) throughout the United States. Over the past several years, our firm has represented such parties in more than 30 land banking transactions located in the States of Arizona, California, Florida, Georgia, Maryland, Nevada, New Jersey, North Carolina, South Carolina and Washington. We regularly represent land bankers in transactions of varied types and sizes, ranging from a several million dollar land acquisition and development deal in the Southeast with a regional homebuilder to an acquisition in Playa Vista (Los Angeles) that was developed with townhomes by a top national homebuilder. We have negotiated option and development agreements with a number of national and regional homebuilders, including KB Home, Toll Brothers, Beazer Homes USA, Ashton Woods Homes, The New Home Company and Eastwood Homes. Throughout the course of our practice, we have gained a valuable expertise in the negotiation and documentation of land banking transactions and a deep understanding of the relationship-based nature of such transactions. By drawing upon that experience, we are able to provide our clients with counsel about the current state of the market and, more importantly, effective and efficient representation.