ACQUISITION CRITERIA
MAS Development Land Acquisition Criteria
Size: 15 AC – 200+ AC (preferably useable acreage)
Product Type:
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Single-Family detached
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Single-Family attached (Townhomes)
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Villas
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Cottages
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Residential Master Plan Developments (Mixed-Use)
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Climate Controlled Self-Storage Facilities
Proposed Density: 3 – 8 dwelling units per acre
Market Criteria:
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Location: Infill, suburban, rural
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Close to or on main roads with over 10,000 AADT
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Annual Employment Growth of at least 2% in market/submarket
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Annual Population Growth of at least 2% in market/submarket
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Markets with major infrastructure expansions/ improvements
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Within a 45-minute driving radius of major MSA’s
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Population: At least 30,000 people within a 3-mile radius
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Median Household Income: at least $50,000 within a 3-mile radius
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School Rating: B+ ratings School districts
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Low Crime rate market/submarket
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Minimum Average Home Sales Price of $300,000
Property Criteria:
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Easy ingress/egress
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Dry Land
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Healthy soil conditions
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No/minimal flood plain
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No/minimal wetlands
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Utilities nearby (water/sewer)
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Ability to rezone, if necessary