Photo: Ярослав Алексеенко / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Builders have a land problem, and it isn’t that they can’t find dirt. Wafra and Hunt Companies on Monday launched Strata Land Partners, a land finance platform aimed at public and private homebuilders and developers nationwide, according to the companies’ announcement. It starts with projects totaling about 1,300 single-family lots. Leading it is Mike Forsum, most recently president and COO of Landsea Homes,…
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Builders Are Running Short of Land Money. A $30 Billion Investor Just Launched a Fix.
Wafra and Hunt launch Strata Land Partners with about 1,300 single-family lots, offering builders land capital as incentives and carrying costs pressure margins.
