Lansing Closes Another Land Deal With Lehman

  Lansing Closes Another Land Deal With Lehman

Business Wire

SAN DIEGO -- January 28, 2014

Lansing Companies, based in San Diego, California, has successfully closed on
another property with Lehman Brothers. This purchase represents the 5^th
acquisition by Lansing of a former Lehman asset in less than 12 months. This
particular purchase involved 14 acres in Brighton, Colorado, fully entitled
for 175 townhouse units located in a master planned development. Lansing plans
to develop the site over the next couple of years as demand dictates. The 14
acres in Brighton is the second purchase by Lansing in the Centennial State;
earlier last year, Lansing acquired a master plan called Legacy Park in
Dacono, Colorado, furthering the aggressive expansion plans of the company.

Greg Lansing, President, foresees bright times ahead for the country’s housing
markets. “We have turned the corner. And our company is going to be well
placed to help fill the need that homebuilders will continue to have for
ready-to-build lots in the growth markets we operate in,” Mr. Lansing stated.

With numerous projects in California,Nevada,Arizona and now
Colorado,Lansing Companies has become one of the largest land developers in
the Western United States. Currently, Lansing manages more than 20,000 lots
and more than 35,000 acres throughout the Southwest.

Contact:

Lansing Companies
Aimee Lozares, 858-523-0719
alozares@lansingcompanies.com
 
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