Greenbriar enters sales, marketing deal for Sage Ranch
2020-07-13 02:00 ET - News Release
Mr. Jeff Ciachurski reports
GREENBRIAR EXECUTES A MASTER SALES AND MARKETING AGREEMENT WITH KELLER WILLAMS - PAUL MORRIS FORWARD LIVING INC
Greenbriar Capital Corp. has executed an initial master sales and marketing agreement with Keller Williams Forward Living and its chief executive officer to market and sell each unit of its $400-million, 1,000-unit Sage Ranch sustainable subdivision in Southern California upon approval by the California Department of Real Estate.
The 1,000-unit Sage Ranch sustainable subdivision is located 90 miles northeast of Los Angeles in the scenic Tehachapi Valley, a 40-minute drive from a population base of one million people and a 90-minute drive from 20 million people of the Los Angeles metro area.
Sage Ranch is the most prolific environmentally sustainable residential community in California, having a virtually zero carbon footprint. Sage Ranch is immediately adjacent to a high school and an elementary school, one block from a middle school, and a five-block walk to the historic downtown. Solar panel rooftops will be standard, and virtually no automobile traffic is needed to reach all major amenities. The beautiful design has been created by the award-winning, world-class JZMK Architects of Costa Mesa, Calif. In addition to the world-class design, the Sage Ranch design includes nine parks, sports facilities, walking paths and a major clubhouse.
Sage Ranch will bring $300-million of construction jobs and materials to the Tehachapi Valley economy, add $3-million of annual land tax revenue, add $1.5-million per month of new consumer retail expenditures to the downtown and provide $20-million of much needed real estate commissions to the local real estate industry.
The Keller Williams Forward Living team will take over the real estate placement efforts with Edwards Airforce Base, with the leading aerospace companies including Northrup, SpaceX and NASA, and will assume client care of the 200-plus parties currently on the Sage Ranch wait-list. The company expects the project to be oversold by delivering much needed first-class housing opportunities at pricing that produces mortgage payments that will rival and often be less expensive than local rents.
Keller Williams Forward Living brings a dynamic sales team led by its principal, Paul Morris, who has a master in management from Oxford and a JD from Cornell Law, and formerly worked for a major New York law firm as senior counsel at the U.S. Department of Justice reporting to attorney-general Janet Reno. Mr. Morris's true passion for business with a focus in real estate led him to leave his law firm practice in 2003 and focus solely on real estate brokerage and investing. Recently, he wrote a New York bestseller "Wealth Can't Wait" and continues to train and speak to real estate professionals, including being one of only four mentors in UCLA's entrepreneur and leadership development program for MBAs.
Both as an investor and brokerage owner, over the past two decades, Mr. Morris has expanded his portfolio and influence to be recognized as the 64th most powerful person in real estate (2019 Swanepoel 200). He is co-owner and chief executive officer of Forward Management, the 21st largest real estate brokerage firm in the United States (Real Trends 500) with ownership in 10 Keller Williams offices with 3,300 Realtors, more than $7-billion in annual closed volume and more than 9,000 closed units.
Mr. Morris brings his passion for real estate investment, sales and training to this dynamic project, and is proud to be part of the team that will deliver this wonderful product to a community that he fully believes in.
About Greenbriar Capital Corp.
Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high-impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep-valued assets directed at accretive shareholder value. Greenbriar and its advisers have closed over $180-billion in renewable energy and real estate projects since 2003 with previous companies.
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