BY RAY HANKAMER
Speaker: Kirk Laguarta / Land Advisors
- Large master-planned communities of the future will be near the Grand Parkway and beyond.
- Developers who used to access the huge sums needed from banks now access them from equity investors who have a medium- to long-term horizon. These investors are from the money centers and are yield-driven.
- Some large developers have been acquired by or have very close relationships with their sources of their funding. The developers have in some cases traded potentially higher
profits for lower risk.
- The Houston economy has many ‘drivers’ and lot development has continued apace even through the periods when oil prices dropped. This give assurance to investors.
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