Tips for land assemblage, rezoning

[David Friedman]

We are assembling adjacent parcels in Southern California and I am looking to connect with other investors with assemblage experience. Any tips or experiences you could share would be helpful.

Some background on our current assemblage:

We have purchased a large piece of land, a few multifamily properties and an office building. All adjacent to each other. Our current strategy is to purchase properties in order of the best deal. We have reached out to the owners that don’t have their properties on the market to see if they are interested in selling. If someone lists their property for sale on the open market, then we pursue the property (Within reason) so that other people can’t block our assemblage.

We are using different entities to hold  title to the properties.

If we purchase enough of the surrounding property, we would like to approach the city and rezone the land from office to mixed-use (Residential over retail).

Any thoughts or strategies you have employed to make an assemblage successful? Thank you BP!