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Kolter Land Partners Expands Southeast Acquisitions Team

TAMPA, Fla. - 
      Kolter Land Partners, the land acquisition and development affiliate of 
      The Kolter Group is pleased to announce the expansion of its 
      acquisitions team to include three new hires who will assist with 
      sourcing and underwriting residential land acquisitions in the 
      Southeast
Posted : Fri, 30 Oct 2009 15:18:42 GMT
Author : The Kolter Group
Category : Press Release
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TAMPA, Fla. - (Business Wire) Kolter Land Partners, the land acquisition and development affiliate of The Kolter Group is pleased to announce the expansion of its acquisitions team to include three new hires who will assist with sourcing and underwriting residential land acquisitions in the Southeastern U.S. To date, Kolter Land Partners has acquired over 1,700 lots and in a number of cases has already re-sold lots to several publicly-traded national homebuilders as well as private homebuilders.

The three new Vice Presidents include: Anas Iqbal who will focus on the Northeast and Central Florida markets including Jacksonville and Orlando; David Langhout who will focus on the Southwest Florida markets including Tampa and Naples; and Steven Check who will focus on the Atlanta and broader Georgia markets.

"We were looking for executives with the strongest possible combination of relevant analytical skills, experience and industry relationships,” said Jim Harvey, President of Kolter Land Partners. “The proven track records of these three strong industry players will help us to accelerate our acquisition of developed and partially-developed lots through direct purchase or joint ventures with land owners or banks in the major new home markets of the Southeastern U.S.”

All three executives have held relevant senior management positions in the past including positions with publicly traded housebuilders in a variety of their southeastern US divisions. Anas Iqbal recently spent over five years acquiring and entitling residential and commercial land in central Florida. His past business experience includes negotiating and underwriting the purchase of over $200 million worth of residential land for one of the largest homebuilders in Orlando. David Langhout has over 20 years of real estate experience. Recent applicable experience includes Taylor Woodrow Homes where he was Vice President of Land Acquisition and Development and led the acquisition of major land assets involving over $150 million in new capital and was responsible for asset development activities in a number of Florida locations. Steven Check brings over 20 years of significant experience and expertise as a land acquisition and development executive. He has held senior management roles with regional and national home builders, including Ryland Homes.

About Kolter Land Partners

Kolter Land Partners (“KLP”) is a privately-owned affiliate of diversified real estate firm The Kolter Group (www.kolter.com). Specifically, KLP is a land acquisition and development firm based in Palm Beach County, Florida. Since 1993, KLP and its affiliates have invested in over $6 billion of developments comprising over 12,000 units. Presently, KLP and its affiliates hold land for more than 9,000 residences. KLP invests in prime market locations and focuses on providing builders with a steady supply of finished lots at competitive prices. The firm targets acquisition of raw land with entitlements in place or nearly in place (which KLP develops in-house), as well as partially or fully developed projects and lots.

Kolter Land Partners
Debe O'Hern, 813-615-1244


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