ABOUT
The Progressive Land Company, LLC (TPLC) is a Denver, Colorado based land development firm actively seeking land opportunities throughout Colorado.
TPLC was formed to create value through a captive relationship with Lokal Homes. Lokal Homes is one of Denver’s largest private homebuilders delivering over 300 homes per year throughout the greater Denver Metro Area.
Although primarily focused on entry level attached housing, Lokal Homes is currently active in single family, townhome, and condominium
communities. Lokal has deployed a strategy of acquiring fully developed lots through TPLC as its primary land banking partner.
OUR STRATEGY
Minimize Risk Through:
1. Entitlement 100% Complete
2. Signed Sales Agreement with Builder
3. Signed GC & Land Development Agreement
General Underwriting Criteria:
1. Shovel Ready at Lot Acquisition
2. Project Duration: 24-60 Months
3. Targeted Return of Capital/Debt Repayment in 36 Months
Acquisition Criteria:
1. Good Freeway Access
2. Top School Districts
3. Walkable Locations
4. Suburban Infill Locations
5. Home Sales Price $400,000 or Below
6. Average Lot Sales Price $50,000-$100,000
