Holt Lunsford was intrigued by a set of documents that lay before him. In the works was a brochure that Lonestar Bank gathered in an attempt to sell the distribution center Shady Trail in Dallas, Texas. Shady Hill had five-year, 120,000-square-foot distribution warehouse is located on the west side of Dallas. Lonestar requested $ 4 million for the property. It was in September 2003, and the Dallas real estate market has been on a plateau and capital markets were in disarray. Lunsford persuaded 11 friends to put up $ 100,000 each in addition to his own $ 100,000 to buy one or two distressed properties. Lunsford decided to focus on properties in the stock due to their relatively small size, their strong historical works, and relevant experience.
Shady Trail case study solution
He wondered, Shady Trail would make a good investment. "Hide
by Arthur I Segel Source: Harvard Business School 12 pages. Publication Date: 11 January 1999. Prod. #: 899143-PDF-ENG
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