Land JV · Central FL
Property For Equity Pilot
A Central Florida landowner had two options on the table: sell outright, or partner via Property For Equity. The PFE JV produced a materially better net outcome.
Project metadata
| Project type | Land JV → SFR development |
| Location | Central Florida (specifics under NDA) |
| Entry basis | Land contributed at independent appraised value + negotiated premium |
| Capital structure | Landowner equity + sponsor + investor LP |
| Timeline | JV close → CO: ~14 months |
| Scope delivered | Full ecosystem (Apice, FL Pro, Crown) + PFE structuring |
| Outcome | Landowner net proceeds exceeded comparable outright-sale benchmark after tax and timing |
| Lesson | The landowner’s initial hesitation was about timeline risk — the JV’s explicit downside-protection structure closed that concern |
The story
Every case study is told the same way: what we saw, what we underwrote, what actually happened, and what we learned. Confidential financial detail is available to verified accredited investors under NDA.
This page is a summary. The full memo — including the three-case model output, construction draw variance, and exit or stabilization analysis — is shared on request with accredited investors who have completed our deal-summary form.
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