Latest article for Builder & Developer magazine now online

My latest article for Builder & Developer magazine on the state of the land market is now posted online:

Moving into 2009, some brokers think that values have fallen almost low enough to capture the interest of not just the usual suspects, but vulture funds armed with nine-figure war chests set up especially by land development veterans to pounce at the right time. But for inexperienced hedge funds and private equity companies located far from where the land is located, they often must outsource their due diligence, purchase decisions and the development of their land portfolios to others. For them, the term ‘caveat emptor’ has rarely been more true...

Click here to read the entire article.