Indian Creek Ranch

- Location: Carrollton, TX
- Project Size: 1,280 acres
- Project Type:
Multiuse Community - Land Uses: Residential, Commercial, Industrial, Retail, Open Space
- Partner: Jeff Beck
- Project Launched: 1991
- Bulk Sale: 1993
Indian Creek Ranch was simply a large plot of land when Woodbine became a joint owner in 1991. But as a managing general partner, Woodbine focused on rezoning the land to reflect a more marketable mix of uses, as well as assisting in infrastructure development within and around the project. We also worked on a successful restructuring of the property’s bond debt to better complement residential development. Our hard work paid off: In just two years, we significantly increased the property value and sold it to a group of investors in 1993.
Lesson Learned - Keep an eye on your pro forma. Sometimes the value you add to the front end of a project can be realized before you develop.

