Why did a $305M California land facility still get done in 2026?
Why this matters
Land continues to behave as the highest-conviction long-duration bet in CRE. In supply-constrained luxury markets, replacement-cost-positive entitlements remain scarce; in growth-corridor exurbs, sponsors with patient capital are accumulating positions ahead of the next residential or industrial pipeline. The trade is a basis call, not an income call, and continues to attract family-office and high-net-worth capital that can hold through the cycle.
Editorial analysis · Real Estate Trail Editorial
Deal funds 3,000-plus lots as AD&C rates hit 10.43% for acquisition and 12.59% for development
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