Lower Basis
Unimproved land costs less to acquire than anything already built on it. Less capital at risk, from day one.
A private real estate investment firm that sees opportunity in vacancy. Vacant land is not, to Mashman Properties, an asset waiting for a purpose. It is the asset: unimproved, low in basis relative to developed property, and open to more outcomes than a finished building allows.
Unimproved land costs less to acquire than anything already built on it. Less capital at risk, from day one.
Nothing forecloses future use. Zoning, buyers, and the surrounding area can all still shift before a decision is forced.
No lease risk, no maintenance schedule, no tenant to manage. The land simply waits, at close to no cost to do so.
Mashman Properties measures its present holdings in acres and holds them against a long-term mandate toward commercial real estate, an outcome ultimately measured in square feet. That direction, acres toward square feet, is the firm’s standing signature: raw land today, built commercial space as the horizon. The complete investment philosophy sets out the full reasoning behind that mandate.
Apartment buildings and single-family rentals are not part of it. That boundary is explained in full, with the reasoning behind it, on the investment philosophy page.
Undeveloped acreage, in hand or under contract, is worth a conversation, in any state. Send the details on the Sell Your Land page, use the contact page or directly at contact@mashmanproperties.com (opens in a new tab).