Marquette Land Investments

1 The property must be within an area where the municipality is making a commitment to bring sewer and water within 24 months to the site. This is typically done by insuring that the targeted parcel falls within the municipality’s Facility Planning Area.

2 The property must be in an area where the municipality has made an informal commitment to annex and zone the parcel in question. This is typically determined by a comprehensive plan that has been previously created by the municipality. The property must also have "contiguity" allowing it to be annexed in a timely fashion.

3 The property must be approved by the land acquisition division of the homebuilder that the property is being purchased for during the due diligence period. When the parcel is in a location suitable for a planned unit development that includes commercial or multi-family zoning, that acreage will be retained by the partnership and sold for a premium, thus enhancing investor returns.

> Timing
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Parcels are targeted that can begin to be developed within an estimated 2 to 3 years. The purchase of the property by the homebuilder from the investment group will be structured in multiple takedowns, with the first takedown being scheduled no later than 18 months from the time of closing.

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