Deals With Property Developers

[Darrell Powell]

I inherited five acres of land in a college town north of Houston.  Also a large Texas agency is located in this town.  Throughout the community new apartments are going up.  In addition there are elderly people in need of assistance by way of assisted living.

Is it possible to approach a land developer (apartment or assisted living/health care) about entering into a 100 lease agreement whereby I make the land available under a lease but they develop the property, manage it, and maintain the operation?  I want to earn long term passive income from the property and secure long term income for my wife and children. 

I am not asking for a mentor, deals, or solicitations.  I merely want to know about reference materials on this subject and is my idea doable? 

Any insight on this will be sincerely appreciated.