DALLAS--(BUSINESS WIRE)--Since 2012, Dallas-based Stratford Land has sold more than $618 million worth of land (approx. 25,000 acres) across the high growth regions of the Carolinas, Georgia, Florida, Texas, California and Arizona. Over the past four years, Stratford has seen a high demand for land in all asset categories, but in 2015 there has been a particular interest in land for multifamily and single family residential.
“We’re selling into strong demand for land for both single family and multifamily construction projects and are even beginning to see growing demand for second and resort home building,” said Phillip Wiggins, CEO of Stratford Land. “The high demand for land for housing is a solid indication that the economy is stabilizing and builders have regained their confidence.”
In 2015, the company’s largest transactions were the sale of nearly 4,000 acres to the Nature Conservancy and the Georgia Department of Natural Resources, and in Orlando, Florida, the $25.6 million land sale to two developers for single family and commercial use.
Notable 2014 Texas sales include more than $40.6 million worth of land for residential in North Texas, $9.5 million worth of land in the Austin area for single family development and more than $12.6 million worth of land for industrial development in Katy, near Houston.
Other sizable Stratford Land sales over the past four years include a $48 million land sale to a mixed use developer in Southern California in 2014, and in Arizona’s Vistancia development, $26.5 million worth of land was sold to several single family development companies.
Signaling a pick-up in demand in second and resort home markets, Stratford Land sold more than $14 million of lots and land near Hilton Head, South Carolina to residential developers in 2014. In North Carolina, Stratford closed sales to single family, multifamily and retail developers valued at $5.3 million.
“In 2016, we are confident that growth will continue in the Sunbelt’s most populated and high-growth areas, validating our investment strategy,” said Wiggins.
As of January 2016, Stratford Land has an inventory of over 35,000 acres of land for sale in the most promising Sunbelt regions and over $200 million worth of land under contract or LOI to close during 2016.
About Stratford Land
Stratford Land has more than 30 years of successful land investment history on behalf of institutional and private investors. Based in Dallas, Texas, the fund focuses on acquiring, entitling and selling properties in high-growth corridors in Texas, Arizona, Southern California and the eastern seaboard from North Carolina to Florida. Offices are currently located in Dallas, Austin and Atlanta. For more information, please visit www.stratfordland.com.