Flipping Rezoned Land

[Account Closed]

Hi all,

I recently posted about this topic and unfortunately did not receive any responses.

I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.

I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.

Would there be any investors who are currently active in this niche?

I would really appreciate advice and feedback on this matter.

[Bryant Brislin]

You're likely not going to find investors for that type of venture on BP.  Also, equity in general (meaning high net worth individuals/families, hedge funds, institutional) are only going to back  experienced developers when it comes to an asset class as niche as data centers, especially since there are so many things that can go wrong: what if that submarket doesn't have a need for that use by the time you are entitled? what if the spec level of the build you are entitled for isn't what the users need? What if power availability is compromised by the local utlity by the time you are entitled, etc. If you really have a passion for this, you may want to follow and/or try to talk to developers in this food group, such as H5 Data Centers, PointeOne Development Corp, EdgeCore Internet Real Estate, Compass Datacenters, et al. Search on LinkedIn for news posts, companies, etc who do this full-time. But it's kind of like saying "does anyone want to back me in building a five star hotel" which you're probably not going to get any traction, unless you have a track record of working for a five star hotel developer for a few years and can demonstrate you truly know how to execute that type of development.  And even then, those really experienced folks are able to raise capital by hiring intermediaries (aka brokers) who are specialists at putting together the capital stack (equity/cash from the LP/investor + debt/lender + co-invest from the GP/developer).  Since you posted a second time, I thought I'd respond and give my two cents. Hope it helps.