Whitney Projects
20 Acres- 4 Corners Project
(Four 5 acres parcels)
Purchased for $1.3 Million @ $1.46/sq. ft.
Negotiated LOI for $8,032,887 @ $9.00 sq. ft
Profit = $6,732,887
Hampton Inn project
Russ put the parcel together and entered into a joint venture to take ownership of the hotel project. Negotiations with the JV faltered and Russ sold his interest, making over $1 Million in profit in just four months.
Burnt Store – 126 acres
Syndication Surplus
Value = $15 Million
At the market peak had an offer for $51 Million.
