Victor Padilla named co-CEO of HIC Land
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.
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The land banking and land development firm has 48,000 lots under control or under development in eight states across the Southeast
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