Hunt County
Expanding an acquisition to improve access.
- Location
- 5258 Highway 380, Greenville, Texas 75401
- Property
- Approximately 32.7 acres of unimproved land
- Participation
- Sourced and led by Alexander Vitenas with an investment partner
- Status
- Held with an investment partner; marketed for sale
The original opportunity
Alexander sourced the original opportunity using technology-assisted research.
Analysis of the original property revealed an access limitation. Rather than evaluate that constraint in isolation, Alexander identified neighboring land that could change the usefulness of the combined property and expanded the acquisition accordingly.
Expanding the strategy
Additional land was acquired with an investment partner using private financing. The resulting assemblage comprises approximately 32.7 acres.
Current position
The approximately 32.7-acre assemblage remains held by Alexander and his investment partner and is currently being marketed for sale.
What the transaction demonstrates
Property research can change the boundaries of an acquisition.
In Hunt County, the question extended beyond the original opportunity to whether additional land could improve the combined property’s access and usefulness.