- 1$.42bn debt
- But asset base is 2.38bn - is developable land valued at cost.
- 900,000 sq ft landbank, target and higg end of market. 400 units unsold inventory in projects such as the Marq, Hilltops and Martin No 38.
- Landbank carried on bookas an avg cost of $1500 psf (is this cost price?)
- Company has sold 20% of its inventory, and is collecting payments progressively.
Michael Kitces and I cover everything
2 hours ago