Arizona Land Buy Has Roots In Housing Rebound

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Desert Property Investor this morning announced that New York real estate investment consortium GTIS had purchased 563 acres of undeveloped land in Mesa, Arizona-- a move no doubt spurred by more momentum gathering in the Arizona housing rebound.

Following an article appearing in the Wall Street Journal, Desert Property Investor advises investors to take a look at the Mesa, Arizona area after news of analysts' assessments that corporate investors are lately not merely buying investment property but the very land upon which future Arizona home rentals and Phoenix vacation home rentals in Arizona will stand. "We are buying at wholesale prices, and will be selling at retail prices to builders," the Journal quoted GTIS president Tom Shapiro as saying.

Desert Property Investor stated, "There is convincing evidence that the housing market is improving which leads way to improving purchases of land also. Our opinion is for investors to take a good look at the areas in Arizona and Nevada for promising land purchasing opportunities."

In a sign that Arizona's housing rebound is in full swing, analysts at the Wall Street Journal reported that a land grab* may be underway in Arizona. New York investment firm GTIS recently spent over 100 million dollars buying, preparing and parceling 563 acres in Mesa Arizona, this move preparatory to selling the parcels at a profit to home builders and developers in the Mesa, Arizona area.

A land grab is a large acquisition of land in response to market forces, or for exploiting the intrinsic value of the land in "upward economic cycles."

Desert Property Investor agreed with Wall Street Journal analysts that the recent GTIS Mesa land buy is a sign the housing rebound is in full swing. Indeed, these investment funds are "banking on the future."

About Desert Property Investor:
Desert Property Investor evaluates opportunities, pitfalls, services, and legislation related to the investment in residential property in the California, Arizona and Nevada deserts.

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