DBSI Acquisitions has purchased today four land parcels for a sum of $24.3 million dollars in markets across the U.S. The properties are all residential and in varying stages of development. Purchases include 142 lots in a Phoenix-area planned community; 21 acres in a 2,280-acre planned community near Reno, Nev.; 22 acres in a planned community near Las Vegas; and 194 lots in a subdivision in the Orlando, Fla. area. DBSI’s goal, according to a company release, is to acquire “well-positioned real estate properties in growth areas.” The Boise real estate investment firm manages 280 properties valued at over $2.65 billion in 34 states. A DBSI spokesman said in June the company plans $1 billion of real estate purchases over the next year.
DBSI has made headlines recently for local layoffs and mass-unloading of lots.
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