82 Golf Course Estate Lots

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Regal Properties and Capital Real Estate Solutions LLC (“CRES”) teamed up to purchase 82 golf course estate lots, known as Cochran Ranch Estates, within the gated community of the historic Indian Palms Country Club, founded by the famous aviatrix, Jackie Cochran. The country club development, which began in the 1960’s, is about 95% built out, with 27 holes of golf, a hotel, apartments, condos, duplexes, and single family homes, comprising approximately 2,900 units. This stand alone “island” of lots has its own gate as well as its own homeowners association mak­ing it an ideal development project. All lots were mostly fin­ished, with all utilities in the streets. Regal Properties and CRES found a partner who closed the escrow and gave them an upfront profit as well as a future profits participation. The goal of the purchasing partner is to hold the property for long term appreciation.