While data shows that housing is structurally undersupplied nationally, market demand and fundamentals can be hyperlocal and vary widely from submarket to submarket. Residential real estate is also cyclical. In an interview with IREI, Richard Whiteley, co-president of IHP Capital Partners, shares how the firm uses periods of uncertainty to secure well-located land in high-growth markets and position its investments for the next cycle.
Recently, the firm entered into an agreement to acquire 1,458 acres in Brazoria County, Texas, for the development of Peachtree, a new large-scale master-planned residential community located near the cities of Alvin and Liverpool. The first phase of the multiphase transaction has closed, encompassing 206 acres and the development of 535 finished single-family lots, in addition to a community recreation area featuring a lazy river pool and a large outdoor shade pavilion. The full transaction is structured across multiple phases, with closings sc
