- Single Family
- Residential Brokerage
- Equity Purchase
In order to control costs, scheduling, and shorten the time to build a new home, Fortius Capital deployed a modular (system-built) product that is 30% cheaper and built year-round.
In less than one year of operation under Fortius Capital's management team, over 25 new homes were under contract or sold in Two Rivers Village, and exceeded the expectations to build 30 homes in 2016. Margins have also continued to increase as we have pushed prices nearly 16% since breaking ground on the first new homes.
The community was bought out of foreclosure in late 2009 by an affiliated investment group, which attempted to partner with a local builder/developer to pick up where the first developer left off. In 2011 as conditions began to improve the partnership decided to construct six homes. Unfortunately, the product and pricing were not well received, and they were unable to sell any of the newly constructed homes. With growing frustration in 2014, the owners decided to list the entire community for sale, and in 2014, Fortius Capital acquired the struggling development. The final homesites in the community are pre-selling for nearly $500,000.