Event #9055-5
Property Portfolio
Diversified
Per Share Data
Original Share Price US $20.00
Net Asset Value N/A
BIDDING ENDS IN
23 Aug 12:00 pm PDT
Minimum Bid
US $18.90 per share for 2,497 shares
Minimum Bid Increment:
US $0.01
Bidder ID Bid /Type Date Time Type
No bids have been placed yet.
 
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Bidding Format: Open Bidding

Description

United Development Funding III, L.P. (UDF III)’s investment strategy is based on financing the acquisition and development of land for median-priced residential housing. Land acquisition is the critical first step in the launching of any neighborhood development. While most traditional real estate investments focus on the end product, UDF III takes advantage of the opportunity to offer solutions to homebuilders and developers long before the sale of the individual home lots.

The intended portfolio of loans will predominately consist of short-term land acquisition and development loans, generally 24 to 36 months in length. The interest income will be scheduled monthly with principal repaid upon sale of the single family lot and will not be contingent upon the construction and sale of individual homes. Through extensive market research and analysis, UDF III will target markets with strong local economies and sustainable growth.

Please note that Net Asset Value (NAV) and Funds From Operation (FFO) are not reported for this asset; refer to the SEC EDGAR Filings link for additional information.

Data Sources

Sponsor Website
Securities and Exchange Commission

Downloadable Documents

Auction Information

REITbid is a branch of JRL Capital Corporation, Members FINRA & SIPC since 1981

All information contained on this page is from publicly available sources deemed reliable and is not warranted or guaranteed by JRL Capital Corporation, its principals, agents, partners or related companies, REITbid, Share Trading Associates, LFC Internet Marketing, LLC or any of their principals or agents. Information contained on this page and links to information may not be the most current, is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any security. Prices and availability are subject to change. Above parties make no recommendations regarding either the purchase or sale of securities, and the information contained herein does not constitute a recommendation. Both buyers and sellers are encouraged to consult an investment and/or legal or tax advisor.

BIDDING ENDS IN  
23 Aug 12:00 pm PDT
Minimum Bid
US $18.90 per share for 2,497 shares
Minimum Bid Increment:
US $0.01
Bidder ID Bid /Type Date Time Type
No bids have been placed yet.
 
BID NOW pop
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Auction ended.
Bidding Questions or Assistance?
Auction Specialist
Jeff LaDouceur
REITbid
Phone: (800) 494-7600 Email: support@reitbid.com

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