Updated 3 months ago on . Most recent reply
Seeking Investors — SoCal Land Entitlement (10–250 units) | California
I’m with Prodigy Communities (sponsor). We’re a principal land developer focused on mid-scale residential sites (typically 10–250 units) in Southern California. Our core value-add is taking raw and infill land through entitlement and delivering builder-ready lots / shovel-ready sites for homebuilders.
What we do (strategy):
- Acquire/control residential land (raw acreage + infill) and advance it through the entitlement process.
- When appropriate, complete land development to deliver a builder-ready / shovel-ready site.
- Exit is typically a sale to homebuilders once approvals and development rights are secured.
Team / track record (high level):
- 40+ years of collective experience across entitlement, land development, and construction.
- 10,000+ lots/units touched and $1.1B+ in real estate delivered (team experience).
- 50+ jurisdictions navigated (SoCal-focused).
(Sharing for context only; past performance isn’t a guarantee.)
Investment profile (published targets = aims, not promises):
- Typical hold: 6–18 months (deal dependent).
- Target net equity multiple: 1.75x–3.0x (deal dependent).
- Target net IRR: 20%+ (deal dependent).
- Preferred return: typically 8–12% (deal specific).
All terms/returns depend on the specific project and are defined in the offering documents.
Structure / alignment (typical):
- Sponsor is generally compensated via (1) reasonable project/management fees for execution and (2) a share of profits (“promote”) after investors receive their capital back and any agreed-upon preferred return.
- Exact fees/splits vary by deal and are documented per offering.
Who this is a fit for:
- Comfortable with land entitlement / timeline risk in exchange for shorter-duration opportunities (deal dependent).
- Interested in SoCal residential land value creation (entitlement → builder-ready exit).
Risk highlights (not exhaustive):
- Entitlement/timeline risk, agency conditions, offsite improvements/utilities, market/exit pricing, and carry/interest-rate risk.
Next steps (BP compliance):
Per BiggerPockets forum rules, I’m not posting email/phone/website links in the body. If you’re accredited and interested, reply with:
1) Accredited status (yes/no)
2) Typical check size range
3) Preferred structure (deal-by-deal vs. programmatic) and risk profile
4) What you want to see first (sample deal summary, track record summary, process/deal gates)
Message me directly for details.