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Corporate Profile

Twin Development Company occupies a unique, high margin real estate niche in the land development business. Starting in the mid 1980’s Twin Devco has crafted a deep proficiency in land acquisition and entitlement processing. Twin Devco identifies geographic areas with strong growth and seeks to acquire properties with good development potential. Unlike most developers, we rarely engage in any physical construction activities. Instead, we focus our efforts specifically on skillful acquisition and creating the highest economic value through the entitlement process, then sell to the ultimate developer / builder.

Benefits of this strategy:

1) Faster returns, therefore higher yields on capital.
2) A dramatically lower exposure to construction defect litigation.
3) Nimbleness; shorter cycle model allows for swift reaction to changing market conditions.

In general, we team with one of the nation’s largest integrated development companies. This NYSE listed development company many times will refer attractive acquisition targets to Twin Development Company to ultimately acquire for its own account. This with the understanding, and indeed a bona fide purchase contract to acquire the property for a wholesale entitled value once the property is fully entitled. In exchange for a commitment to sell at a discount to the entitled value, they agree to fund all entitlement activities. This includes planning, architectural, engineering, legal, etc.

Benefits to NYSE developer:

Off balance sheet transaction
Discounted purchase price
Potential for lower dedication costs
Maximum leverage on invested capital

Benefits to Twin Development Company:

• Excellent pipeline of quality land acquisition opportunities
• Enhanced ability to craft maximum entitlement outcome
• Reduced risk because NYSE developer pays all development costs
• Protection from market fluctuations due to long strategic horizon of NYSE Devco

Capital Requirements:

We seek 100 million dollars which may take the form of equity, debt, or some combination therein. The structure of investment is open to discussion.

Timing: Immediate requirement

Current Transactions:

• 1,000 residential unit development in Washington D.C. / Maryland area
• Ocean Beach mixed-use development project
• 400 unit condo conversion project in north central San Diego city limits
• Downtown Los Angeles high rise condo development opportunity near Staples Center
• Downtown San Diego high rise mixed use condo conversion opportunity