{"id":174304,"date":"2023-03-02T13:57:06","date_gmt":"2023-03-02T20:57:06","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=174304"},"modified":"2023-03-02T13:57:06","modified_gmt":"2023-03-02T20:57:06","slug":"4150-acre-land-site-in-florence-sells-planned-for-12000-homes-and-commercial-space","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=174304","title":{"rendered":"4,150 Acre Land Site in Florence Sells, Planned for 12,000 Homes and Commercial Space"},"content":{"rendered":"<header>\n<div>\n<div>\n<div>\n<div>\n<div>\n<p><a href=\"http:\/\/inbusinessphx.com\/wp-content\/uploads\/2023\/03\/merrill-ranch-in-Florence-AZ.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-174305\" src=\"http:\/\/inbusinessphx.com\/wp-content\/uploads\/2023\/03\/merrill-ranch-in-Florence-AZ-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.gtispartners.com\" target=\"_blank\" rel=\"noopener\">GTIS Partners<\/a>, a global real estate investment firm managing $4.3 billion in gross assets with a U.S. focus on residential and industrial\/logistics investments, announced the sale of 4,150 acres at Merrill Ranch to El Dorado Holdings.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<section>\n<div>\n<div>\n<p>Merrill Ranch is located in Florence, AZ, in close proximity to the Phoenix&#8217;s Southeast Valley, about 20 miles southeast of Gilbert, Chandler and Mesa. The site is comprised of approximately 14,000 planned lots of zoned and partially-entitled residential land and 900 acres zoned for commercial use. During GTIS&#8217;s ownership, the firm worked with the town of Florence to extend a development agreement granting homebuilders reduced impact fees to incentivize future development of single-family homes in the area.<\/p>\n<p>Theodore Karatz, Managing Director at GTIS, stated, &#8220;Merrill Ranch was one of many strategic investments we&#8217;ve made in and around the Phoenix, Arizona area.&#8221; He added, &#8220;The sale of these unique properties represents a very successful outcome for our investors despite challenging markets.&#8221;<\/p>\n<p>The firm has an extensive track record of investing in residential real estate, including land development and home building projects with a focus on the U.S. Sunbelt totaling approximately $7 billion in project cost across 100+ projects.<\/p>\n<p>GTIS was represented by Nathan &amp; Associates, Inc. on the sale of Merrill Ranch.<\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>GTIS Partners, a global real estate investment firm managing $4.3 billion in gross assets with a U.S. focus on residential and industrial\/logistics investments, announced the sale of 4,150 acres at Merrill Ranch to El Dorado Holdings. Merrill Ranch is located in Florence, AZ, in close proximity to the Phoenix&#8217;s Southeast Valley, about 20 miles southeast [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":174305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[8],"tags":[5],"class_list":["post-174304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate","tag-hot-topics"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=174304"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}