Equity Land Group, a Phoenix-based land investment and development company, announced today it has closed on its first two properties in Arizona for a combined purchase price of $2 million.
Founded by a dynamic team including Anita Verma-Lallian, of Vermaland and Arizona Land Consulting, as well as Smita Patil Mehta, an Phoenix-based physician, Equity Land Group focuses on shorter term properties with development opportunities.
“Coming from an extensive background in land holding, investment and development, creating a new venture with Smita felt right as we’ve become a trusted source to non-typical real estate investors such as doctors, financial advisors, attorneys and others looking to invest in land parcels,” said Verma-Lallian. “We’re already starting to see a trend emerge with an increased demand in the Valley for land and know that as businesses grow, relocate and more, we can help be a resource for them.”
The first two properties that Equity Land Group secured are a 20-acre parcel in Buckeye, off of Miller Road and the Interstate 10 and a 19-acre property in Casa Grande, located off of Interstate 10 and Florence Boulevard.
The Buckeye parcel has potential for an array of sectors including office flex, light industrial, multifamily, build to rent, cold storage, commercial and retail. In the same area, Five Below is currently developing its distribution warehouse and several residential communities adjacent to the property are planned for the next few years. Equity Land Group is working with the city of Buckeye to develop a road and add a water line on the property.
The Casa Grande property is one of a few in the area that have sewer and water lines already on site. Similar to the Buckeye parcel, the Casa Grande property has significant growth potential and could support high-growth sectors such as build to rent, commercial, retail, storage, and multifamily.
Equity Land Group acts as a concierge service on investor’s behalf. The firm secures land, raises funds, divests property, handles escrows and re-invests investor funds if the investor chooses to do so.
“Anita and I want Equity Land Group to be a one stop shop for smaller investors,” said Mehta. “We know Arizona well and as businesses and investors look for more opportunities we want to be their council and handle the process for them so they can maximize each investment.”
The company currently has another Buckeye property in escrow and is negotiating on several others in the Valley with increasing interest from investors on the sites.
For more info about Equity Land Group, visit equitylandgroupaz.com or call 480-213-1895.