Project Case Study

Completed Project

ACQUISITION PHASE

- Formed 60th West LLC

- Organized 18 private equity investors

- Capitalized LLC with self-directed IRA funds totaling $1,817, 316

- Purchased four 20-acre parcels of residential land in L.A. County

- Purchase price was $22,716 per acre

ENTITLEMENT/ VALUE-ADDED PHASE

- Completed assemblage, created one 80-acre parcel

- Obtained re-zoning, from one to four homes per acre

- Obtained tentative map approval to build 325 single-family homes

LIQUIDATION PHASE

- Facilitated sale to home builder

- Net sales price is $55,000 per acre, for a total of $4.400,000

- Profit was $2,012, 653

- Time-to-complete was 2.6 years

- Average annual return to investors was 33.6%