Development - Residential

Land - Crestview

Crestview, FL

Details

Asset Class:

Residential

Size:

600 acres

As part of an investment strategy, JPB entered the Northwest Florida region to capitalize on expected growth from the newly developed Northwest Florida Beaches International Airport. JPB targeted development land for moderately priced housing and went through the entitlement process for several properties in the region. The market run-up in the mid 2000’s resulted in JPB exiting its position in several land holdings.