United Development Funding III, L.P. (UDF III)’s investment strategy is based on financing the acquisition and development of land for median-priced residential housing. Land acquisition is the critical first step in the launching of any neighborhood development. While most traditional real estate investments focus on the end product, UDF III takes advantage of the opportunity to offer solutions to homebuilders and developers long before the sale of the individual home lots.

The intended portfolio of loans will predominately consist of short-term land acquisition and development loans, generally 24 to 36 months in length. The interest income will be scheduled monthly with principal repaid upon sale of the single family lot and will not be contingent upon the construction and sale of individual homes. Through extensive market research and analysis, UDF III will target markets with strong local economies and sustainable growth.

Please note that Net Asset Value (NAV) and Funds From Operation (FFO) are not reported for this asset; refer to the SEC EDGAR Filings link for additional information.