​​SUMMIT LAND GROUP - Residential Developers

Residential Real Estate Development 

Population growth across America is a fact, no matter what the cyclical ups and downs of the economy throw at us. In the end, growth will continue and it is in these times of growth, Summit Land Group identifies and secures Raw Land in Transitional Markets where they are changing from existing Secondary tiered markets to Primary Markets in the Country's Hottest Job Markets.

Summit Land Group is Owned and Managed by Robert J Turi, a 37-year veteran working for large Developers and Homebuilders during his career. In this time, Mr. Turi has been involved in the creation of over 57,000 residential units of development, along with 15 million square feet of commercial development.

Summit Land Group is a creation of Robert Turi to create smaller residential community developments (between 200-400 units), which reduces the hold period to sell of the project to Homebuilders, which transfers to higher IRR to his investors. A typical project by Summit Land Group is to acquire land in Transitional Markets and then under contract, entitle the land. Depending of the circumstances of each project, they can be sold to one or more builders at Preliminary Plat Map approval or Summit Land Group will secure a Civil Engineer to process Construction Improvement Plans to Approval Status and then Sell to Homebuilders as a Shovel Ready Project, which is the point of Maximum Value to Sell without expending significant capital or incurring debt to build costly infrastructure.

The time frame for Capital Investor Equity from start to finish is typically 24 Months. A typical project will require between $1.5 to $2.5 Million spread out over this project timeframe and return a Multiple of 3 in Pre-tax Profit on top of return of investment capital