Better Long Term Acquisitions to maximize profits...

BLT Acquisition Group, LLC is a dynamic multi faceted holding company that manages business interests for itself and its subsidiary organizations.  BLT was founded by Brent Ramenofsky, Louis J. Castle and Tim DeRosa in 1999.  Since its inception BLT has acquired over 4000 acres of real estate in Nevada and California.

The guys

 
  The BLT Planned Unit Development and Development agreement are officially and formally approved by the Lincoln County Commissioners on 7-7-08.   This is a significant milestone for BLT and puts us in the optimum position to be continue our Master planned development efforts.




  Success of the Pulte/Del Webb project will continue to create excitement and demand for real estate in the area.  Sun City Mesquite is projected to build
3400 homes in this new master planned adult living community. 		  
 
  Pulte/Del Webb Sun City Mesquite announces its newest flagship community contiguous to BLT property is  the best selling Del Webb Active Adultcommunity in the country!!  

Have You Heard
 Click here for a 5 minute flyover video. File is 28 megs broadband connection preferred.

Attention Homebuilders: BLT Acquires Land at BLM Auction

 BLT Lincoln County Land, LLC owns approximately 3800 acres contiguous to, and overlooking, Del Webb's Sun City Mesquite adjacent to the city of Mesquite NV. approximately 80 miles north of Las Vegas NV.  We purchased this property in 2005 and have since made significant progress in preparing the property for sale. This property was auctioned in 2005 pursuant to the directive of the Lincoln County Land Act that had previously been passed by congress and signed into law by the President in December of 2004. The purpose of the Act was to assist Lincoln County in creating a tax base, as they were, at the time, the fifth poorest county in America. The entire Nevada Congressional Delegation supported this act.

 This "poverty" existed  because the federal government owned well over 90% of the land and as such very few people resided in the county. The area that was selected to sell was strategically located adjacent to the rapidly growing City of Mesquite such that development could proceed as fast as possible due to the infrastructure that Mesquite already possessed. We are excited about moving forward with the remaining tasks at hand, which are limited to providing access to the primary acreage for sale (Parcel 1) and bringing in the power and water infrastructure. We will have our second tranche of water permitted by midsummer and our PUD and development agreements finalized by mid June. The county is planning the formation of  the SID to enable a bond issuance to finance all of the above.

 Our strategic plan is to prepare the south east corner of the Mesa (Parcel1 zoned for 4800 units) for sale at approximately $20,000 per unit. According to Del Webb, Sun City Mesquite is still the best selling active adult community in the nation. We believe that they have sold close to 500 homes since they opened last June from a projected total of 3400 units. The "absorption driven" model will continue to work for Del Webb. It has been successful for many years, and the "active adult" market, made up of baby boomers, is the fastest growing segment of our population with the most wealth. They are much less effected by the economic conditions today and drawn to the extraordinary beauty the area offers, as Del Webb is proving.

 Despite the worst market in decades Del Webb is doing very well with Sun City Mesquite. As the market turns they will only improve. Other homebuilders are recognizing that they must be in the "active adult " game and will be aggressive in 3-5 years to get in. This is a unique opportunity because of Del Webb, our strategic location contiguous to Sun City Mesquite, and the timing.  This market will be turning, or will have made the turn by 2011 when we are ready to sell our first parcel. Our ability to sell this property is significantly better than our Las Vegas counterparts as our basis is 20 times less than the Las Vegas market even now, and Del Webb is successfully making the market for us. We believe that Del Webb will enjoy continued, and increasing success as this market stabilizes and eventually turns.

Summary

  1. Superior location contiguous to Del Webb Sun City Mesquite the #1 selling Active Adult community in the country.
  2. Ideally positioned for a purchase by 2011.
  3. The RE market in Las Vegas and surrounding areas will be fully recovered from the 07-08 subprime foreclosure problem by 2011.
  4. A continued influx of people to Las Vegas at a rate of 5000 per month will be sustained throughout the next several years for the 50000 to 100000 new jobs being created.
  5. Our target buyers  are homebuilders that want and need to cash in on the Active Adult buyer/Baby Boomer who does not need a mortgage, yet certainly can qualify, and is looking specifically for what we offer, affordable living with an appealing lifestyle.
  6. The baby boomer market segment will continue to grow faster than any other segment.
  7. The baby boomer market segment will continue to migrate to the Southwest and in particular to Las Vegas and surrounding areas.
  8. The underlying economy of Las Vegas will continue to be stronger than any other economy in the country.
  9. Cost of living and housing affordability will continue to compare very favorably to the major feeder markets in southern California.
  10. A relatively strong non boomer market exists for telecommuters and young commuters to Las Vegas, as does the market for service industry people in the growing Mesquite area. For now this is adjunct to our primary market but will grow over the next 5-10 years.

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