Beware of operators inflating their returns by promoting high “average annual returns.”

Chuck talks about how Meridian partners with investors and covers details around subdivisions.

Potential investors are often curious to know why people are willing to sell us land at a discount.

In fact, selling at a discount to save time is quite common. I’ve happily done it myself.

One of our value-add strategies centers on creating subdivisions.

Subdividing land creates more useable and affordable parcels, which adds value, mitigates risk, and provides upside for our investors.

Much of our success stems from the processes we've built around acquiring the right properties for our fund.

We use the same 10 due diligence tasks every time.

We've closed over 250 land deals in the past 5 years. That's roughly a deal every 7 days.

In doing so, we’ve originated over 100 notes and have learned a lot about managing a portfolio of loans.