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Everest Holdings


Fund I


Land Fund I was formed in 2004 for the purpose of providing off balance sheet financing for publicly traded homebuilders in the southwest United States, more commonly known as "land banking". Land banking was a commonly used financial vehicle for large builders to control land and lots through third parties that relieved them of the burden of ownership. Land Fund I included nine separate land bank transactions from 2004-2006 for the acquisition and development of 890 residential lots. The transactions were located in Arizona (5) and Colorado (3) with Nevada (1).


The last Fund I investment was made in 2006, and Fund I was closed out in 2010. The total amount invested was $90 million including project level financing.

 

The Meadows - 184 lots, Castle Rock, CO - December 2004
Turnberry - 64 lots, Commerce City, CO - December 2004
Cambria - 85 lots, N Las Vegas, NV - June 2005
Tallyn’s Reach - 112 lots, Aurora, CO - November 2005
Marley Park - 112 lots, Surprise, AZ - December 2005
Sonoran Foothills - 110 lots, Phoenix, AZ - December 2005
Monterey Pointe - 103 lots, Phoenix, AZ - February 2006
Baseline - 84 lots, Phoenix, AZ - February 2006

 

 

 


 


 

 


 

 

 

 




For more information contact:


Ryan O'Donovan















 
   

  Everest Holdings



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