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Texas Commercial Real Estate Portfolios
Texas Real Estate Development Programs
Houston ■ I-35 Corridor
Over the past 20 years, the team at Gromax Development has produced tremendous profits for our
partners, buying and developing raw land in Texas. With almost every residential development comes
some commercial land that is purchased by the acre and sold by the foot. Build to suit is common in our
operating environment and has been executed many times.
We pre-sell developed lots to national builders (KB Homes, Hovanian, DR Horton…) for a nice profit and
execute the development of streets, utilities and infrastructure. We have done this for over 4000
residential lots over the past 20 years.
Today, we are doing this same transaction again. We have identified several tracts to develop.
Team has 20+ years’ experience executing this strategy.
Target IRR's to the investor are in the 28-30% range.
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