Land Banking


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Land Banking

The practice of buying real estate with the intent to re-sell it at a higher price. Land banking is common when the buyer expects the value to go up in a relatively short period of time. For example, if a university is in the process of expanding, one may buy empty land half a mile away in expectation that the university will one day want it as part of the campus.
References in periodicals archive ?
and GSO Capital Partners LP, the credit arm of Blackstone announced a $175 million increase to their land banking arrangement.
HUD, under its three-year Neighborhood Stabilization Program, which ended in 2010, gave $80 million to 12 land banks for the acquisition, maintenance and demolition or renovation of some 4,600 properties, according to the aforementioned HUD official, with additional funds going to 63 other nonprofits, many of them involved in land banking activities.
Global Banking News-August 3, 2015--ASIC says Bendigo land banking scheme a failure
Her company Morgan Rey Consultants turned out to be another land banking scam.
Meanwhile, Bautista also ordered the conduct of a study on a land banking system that could be established in the city so that the local government could benefit from idle, abandoned or undeveloped lots.
BANKING AND CREDIT NEWS-March 28, 2013-Capital Partners arranged USD150m land banking deal with Beazer(C)2013 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-March 28, 2013-Capital Partners arranged USD150m land banking deal with Beazer(C)2013 M2 COMMUNICATIONS http://www.
Land banking refers to the advance acquisition and reservation of land before development (Tu et al.
Rumours spread after a newspaper advert appeared offering small plots for sale for prospective development - land banking as it was to become known.
Land Registry has published a guide warning against so-called land banking investment schemes which are often advertised as offering big returns on investments in land.
Matthew Stone, a senior examiner in the Official Receiver's public interest unit at the Insolvency Service, said, 'All of the land banking companies that we dealt with, have brought misery and in some instances, tragedy, to unsuspecting members of the public, who were persuaded to part with their savings in exchange for virtually worthless plots of land.
THE lies behind the latest land banking scam have been laid bare.