VRCH: Over $80 MILLION invested!!:
ValueRich's main business strategy is the acquisition, development, management and sale of real estate assets, located within the Tesoro Preserve Development, in Port St. Lucie, Florida.
The Tesoro Preserve Development is a private 350-acre community with 440 individual home sites in St. Lucie County, Florida. The Tesoro Preserve Development is built in and around the natural setting of the St. Lucie River and surrounding natural preserve. The Community was designed with walking nature trails, direct river access and deep-water lots with riparian rights for homeowners to build private docks behind their homes. The previous developer invested over $80 million in the acquisition, development and infrastructure, the development is complete including all utilities, sewer, cables, roadwork and signage. Included in the acquisition, ValueRich, Inc. became the master declarant or developer of the Tesoro Preserve Development and assumed control over the Property Owners Association. Our goal is to acquire an additional 150 single family lots within the Tesoro Preserve Development that are either bank owned, in foreclosure, non-performing assets or properties with unpaid Property Owners Association (POA) fees. We intend to capitalize on discounted pricing, current market conditions and the sellers desire to divest these assets by leveraging our position as developer of the project. Over the Past 18 months ValueRich has been successful in executing our strategy, we have acquired approximately (50) Fifty lots with in the development from banks and/or individual sellers. All the lots acquired are build ready and range from 40-50 feet wide and 80-150 feet deep. We believe that the replacement value on such lots including land acquisition costs and utility, roadwork infrastructure could range from $70,000 to over $120,000 per lot.
Value Rich continues to be the single largest acquirer and owner of lots within the Tesoro preserve community at this time and our goal continues to target and purchase these premium lots for pennies on the dollar.
Tesoro Preserve has changed it's name to Ravello, a beautiful place to live!
AI
