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May 21, 2020 — $19 million for all 1,325 acres - JV for the right partner
• 1,325 +/- acres approved PUD master plan in the Heart of Wine and River Country. Can do Championship Golf Courses, Sports, Equestrian, Concerts, Race Track Events. RV Resort with Boating/Fishing. Residential Second Home “ Retirement “ Step Down Units “ Rental Vacations Units “ Hotel. Build a Solar farm and or industrial.
• Sell part or all, open to the right JV transaction with financial investment security program for the new JV partner that almost eliminates early risk. Able to carry a contact with the right deal. Have tens of millions in market equity.
• An excellent relationship with the local government. Development construction and protected market agreements in place.
• Excellent freeway access with 25 minutes to Tri-Cities, Washington, which has a market population of 400,000. An hour to Spokane and 195 miles to Bellevue/Seattle, WA. $1 Billion in revenue build-out potential.
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