Opportunity for Real Estate Investors & Builders – Houston, TX

One of my clients made a partnership (2 owners)and acquired a 2.7-acre lot in a prime central Houston location. The project was designed to build +50 townhomes, with floorplans and replat already in place: - Project size: $20MM - Projected ROI: $5.5MM - Market value of lot: $2.2 MM With plans & approvals: $2.7MM+ The partnership has collapsed; after disputes and legal intervention, both owners are demoralized and ready to exit. Two possible opportunities: - Acquire the entire lot at a discount. - Buy out one partner and continue/finance with the other.