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ROI Land Investments Ltd. (ROII) Expanding Real Estate Business into Potentially Lucrative Global Markets
ROI Land Investments is a diversified real estate investment company specializing in land development. The company’s primary focus is on acquiring vacant properties in areas that are free from zoning restrictions. Following purchase, ROII obtains the necessary permits, outsources the development of infrastructure and sells subdivided land units to large regional developers for a profit.
In June, the company took a significant step toward continued growth through the acquisition of its first development target in the United States. The property encompasses 220 acres of land and water rights in Evans, Colorado, on which ROII plans to develop residential housing. Beginning in 2016, the company will initiate development of approximately 1,200 lots featuring a mix of housing units – including single family homes, town homes, duplexes, triplexes and condos.
“The development opportunity in Evans is consistent with ROII’s strategy to target markets that have a strong economic outlook and a shortage of high-quality, affordable housing,” Philippe Germain, president of ROII, stated in a news release. “By taking advantage of the opportunity to acquire land at a price below its appraised value, we expect to generate a significant return for shareholders, while delivering sought after quality housing.”
Upon completion of its Colorado project, ROII will be in a formidable position to capitalize on the area’s sustained job growth, which, according to the Department of Labor, has been among the strongest in the nation. In July, the company demonstrated the marketability of its project by announcing a binding agreement to sell approximately one-third of the project to a well-respected local construction firm following development.
ROII has also made strides toward international growth in recent weeks. Through an agreement with Sobha Hartland, a multinational, multi-product real estate developer, the company cleared the way to acquire three prime plots of land in an upcoming $4 billion mixed-use project located in the heart of Dubai. This deal marks ROII’s first venture in the Middle East, effectively broadening the company’s geographic reach and promoting strong financial growth in the future.
For more information, visit www.roilandinvestments.com
