2011 – Acquisition of 420 acres for Alsatian Oaks

In negotiating with Wal-Mart to anchor the Alsatian Oaks project, Terracor leadership was able to assemble the adjacent 390 acres at a basis of dollar per acre versus dollar per square foot.
Once the contract was executed, the value created was over four times the original equity investment, without any further investment into the project.
If market value were realized at time of closing, the return to our partners would be more than four times their original equity investment and greater than a 50 percent Internal Rate of Return (IRR).