Trout Lake

Strategic land development delivers a strong 11% annualized ROI

Category
Residential
Completion Date
4.28.2023
Units
4

OCMI’s Trout Lake project is a prime example of our strategic approach to real estate investment and development. Beginning with the acquisition of a well-located land assembly in 2019, we undertook a comprehensive redevelopment plan that involved rezoning, subdividing, and constructing four modern residential units. Completed and successfully sold between 2022 and 2023, the project delivered a strong annualized ROI of 11%, highlighting our ability to generate value through thoughtful planning, expert execution, and market insight.

Project Overview:

In 2019, OCMI identified a prime investment opportunity in the desirable Trout Lake area, known for its vibrant community and strong real estate market. The acquisition consisted of a well-positioned land assembly, strategically chosen for its potential to unlock significant value through redevelopment.

Upon securing the land, our team of seasoned professionals embarked on an ambitious plan to maximize the site’s potential. We successfully navigated the complex rezoning and subdivision processes, working closely with local authorities and stakeholders to ensure the project met all regulatory requirements while enhancing the neighborhood’s character.

Strategic Implementation:

  1. Market Analysis and Site Selection: OCMI conducted thorough market research to identify Trout Lake as a high-potential area, selecting the land assembly based on its strong growth prospects and strategic location near key infrastructure and amenities.
  2. Rezoning and Subdivision Expertise: Leveraging deep knowledge of local zoning laws, OCMI successfully navigated the complex rezoning and subdivision processes, ensuring the land’s value was maximized while aligning the development with community standards.
  3. Tailored Architectural Design: The project featured innovative architectural design, incorporating modern layouts and sustainable building practices that catered to the target market’s preferences, resulting in high demand and swift sales of the completed

Impact and Results:

The result was the construction of four contemporary residential units, designed with both aesthetic appeal and market demand in mind. Each unit was crafted to offer a blend of modern living spaces, energy efficiency, and high-quality finishes, appealing to discerning buyers in the area.

The project was completed between 2022 and 2023, and all units were sold in a timely manner, reflecting the strong demand for well-executed developments in the Trout Lake area. OCMI’s careful planning and execution were rewarded with an annualized ROI of 11%, a testament to our commitment to delivering value to our investors and contributing positively to the communities in which we operate.

The Trout Lake project stands as a shining example of OCMI’s ability to identify, execute, and profit from strategic real estate opportunities, underscoring our reputation as a leader in the industry.

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