NATIONWIDE LAND AND DEVELOPMENT FUNDs

The Brock Land & Development Fund I was created in early 2005 to capitalize on acquiring tracts of land for potentialretail/commercial development at prices well below their inherent value. The $50 Million dollar fund focused in Florida but also explored other growth market opportunities in areas such as Arizona, Texas, Colorado and the Carolina’s. 

Based on the success and completion of the Brock Land & Development Fund I, the Brock Land & Opportunity Fund - "Fund II" - was formed in December of 2006. This fund was capitalized with over $150 million, purchasing sites in markets such as Arizona, Texas, Tennessee and Florida. Initially the goal of the fund was similar to the original "Fund I" - to acquire land upstream for future growth. With the major unforseen shift in the global economy - which took it's toll on all aspects of real estate - Fund II's investment criteria shifted in March 2009 to include the acquisition of existing retail opportunities. The fund's goal was to aggresively seek both distressed and "trophy" grocery anchored shopping centers, and big box anchored retail power centers. 

For the past 18 months, both funds have been in the process of liquidating assets.