Equity Land Group Closing on Two Arizona Properties For a Combined Purchase Price of $3M, Investor Interest Soars in Female-Founded Group
Land Investment and Development Firm Raises More than $9M in Less Than Two Years, is Set to Close on Properties in Buckeye
PHOENIX, Jan. 6, 2021 /PRNewswire-PRWeb/ -- Equity Land Group, a Phoenix-based land investment and development company, announced today it has closed on one more property and is set to close on another in Arizona for a combined purchase price of $3 million, making it the firm's largest raise to date in one transaction. Including this deal, which raised funds in two months, Equity Land Group has raised more than $9 million in less than two years.
Equity Land Group adds two Buckeye properties including a 19-acre parcel off of Miller Road and Interstate 10 as well as a 9-acre property located off Yuma and Palo Verde Roads.
"We're seeing a huge spike in interest in Buckeye and as we already have a property there from one of our last deals, it made sense to invest in more land in that area," said Anita Verma-Lallian, co-founder of Equity Land Group. "We have been seeing a significant increase in demand from our investors and decided to add on a second property because of that demand."
The Miller Road parcel is adjacent to the Ford dealership in Buckeye and could be used for a car dealership, office/flex industrial, hotels, storage, and numerous other uses. In the next year there will be significant residential development around this property, with an estimate of more than 5,000 homes in a master planned community. Equity Land Group is also installing a digital billboard on this parcel to be used for advertising opportunities for nearby businesses.
The Yuma Road property is adjacent to the Buckeye Airport and Cipriani, a large master planned community with an estimate of 3,000 homes in the works. This property is in one of the few opportunity zones in Buckeye and could be used for light industrial, office, flex, multifamily, commercial, and retail.
For both of these properties, Equity Land Group worked with a new partner. Seema Patel with Dot to Dot Consulting, LLC leveraged her strategic thinking and creativity to help Equity Land Group with this current deal in a short period of time.
"Dot to Dot Consulting was an asset in connecting Equity Land Group with a diverse group of investors," said Smita Patil Mehta, co-founder of Equity Land Group. "Seema's ability to leverage her skills and passion made it easier to communicate and network."
Patel added, "working with female entrepreneurs who are on the cutting edge of Arizona land investing was exciting for me. Equity Land Group has a transparent and easy way for investors to engage."
Equity Land Group is currently negotiating on several other parcels in the Valley with increasing interest from investors on the sites.
For more information about Equity Land Group, please visit equitylandgroupaz.com or call 480-213-1895.
ABOUT EQUITY LAND GROUP
Equity Land Group is a land investment and development company in Phoenix, founded by Anita Verma-Lallian and Smita Patil Mehta. The firm focuses on shorter term properties with development opportunities in Arizona. Equity Land Group is to act as a concierge service on investor's behalf. For more information please visit equitylandgroupaz.com.
ABOUT DOT TO DOT CONSULTING
Dot to Dot Consulting is a Phoenix based consulting firm founded by Seema Patel. By leveraging creativity, passion, and strategic thinking, Dot to Dot Consulting helps entrepreneurs and healthcare companies take their projects to the next level. As a connector and a problem solver, the firm evaluates a business and their unique situation to create an actionable end goal. For more information and to connect with Dot to Dot Consulting, please email [email protected].
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SOURCE Equity Land Group
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