DENVER, COLORADO BASED
LAND DEVELOPMENT COMPANY
ABOUT THE PROGRESSIVE LAND COMPANY
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
Meet The Team
Dave Lemnah
Partner
Ryan Lantz
Partner
Christopher Musselman
Financial Analyst
Brad Winters
SVP Land Acquisitions
CURRENT PROJECTS
Consisting of 56 condos, Presidio Point features outstanding proximity to all the essentials. Less than 5 minutes to major shopping centers, highways, and recreation, Presidio point offers low maintenance living at an attractiveprice point.
VICTORY
RIDGE
Located in the newly revitalized Victory Ridge master planned community, The District at Victory Ridge is the perfect spot for those looking to live, work, and play. Walking distance to numerous dining, retail, and entertainment options, Victory Ridge has it all. Minutes to the US Air Force Academy and just minutes to I-25. Victory Ridge features low maintenance townhomes with 5 unique floor plan options.
