liberty - Land Advisors Organization

Transcription

LIBERTY
LIBERTY
855 Lots on ±325 Acres; Bulk Land Opportunity
City of Rio Vista, County of Solano
Exclusive Offering Package
Offers Due By: September 20, 2016 at Noon
CalBRE #01225173  www.landadvisors.com
LIBERTY CITY OF RIO VISTA
Table of Contents
OFFERING SUMMARY
Property Summary
4
Executive Summary
5
Location
6
Regional and Local Maps
7
Solano County Land Use Map
8
Site Plan
9
Education
10
MARKET ANALYSIS
“Age Restricted” Rio Vista New Home Communities 12
Oakley New Home Communities
14
Fairfield New Home Communities
17
New Home & Resales Price Graph
19
MARKET OVERVIEW
Solano County
21
City of Rio Vista
23
Residential Building Permits
24
Demographics
25
OFFERING GUIDELINES
28
VIRTUAL DATA ROOM
30
BROKERAGE DISCLOSURES
32
Exclusive Offering Package | 2
OFFERING SUMMARY
Property Summary
Liberty (“Subject Property”) is located on 325 acres in the northwestern portion of the City of Rio Vista, California. Liberty’s 855
lots are a blend of three lot sizes 50’, 60’ and 70’ wide by 100’ deep in a three phase development (see the development plan for
specific mix). Phases 1 and 2 comprise of 663 lots which were final mapped and finished prior to the downturn. The backbone
infrastructure has been accepted by the city, but there is a separate agreement in place and a warranty bond that the buyer will
need to assume at closing (copy is provided in the virtual data room). The future buyer will need to complete the neighborhood
parks and landscaping, as well as general maintenance and minor repair work which may be required by the city. Phase 3 was
rough graded (pads and subgrade streets) and has the improvement plans and a final map prepared, but not yet processed for
approval. The future buyer will need to complete various improvements as part of Phase 3. Phase 3 was not developed in part
because under the school mitigation agreement, an area of 88 lots might go to a school site if required. It is likely that the school
district will probably choose instead to collect school fees and not elect to build the school at this site (freeing up these 88 lots
for homebuilding). There is significant opportunity for the purchaser to improve their position further by renegotiating some of the
project requirements with the City of Rio Vista and the school district (River Delta Joint Unified). There is also a 32 acre
“Industrial Site” within Liberty – this might best serve as a mini storage or RV/Boat storage facility (a plus for this buyer profile).
The entitlements for Liberty also allow the buyer at their own discretion to develop the property as an Active Adult Community,
complimentary to the currently active Shea Trilogy project next door. As an added benefit to marketing to the 55 and older
community, the developer will have a much lower fee schedule and also have the ability to make the streets private. There are
planned parks that could be allowed to transition into recreational facilities with pools, BBQ's, activity centers, etc. With its three
product lines as the adjacent community, Shea Trilogy is averaging 24 home sales per month.
Downtown Rio Vista, California
Sources: Land Advisors Organization Research
Executive Summary
Land Use
Entitlements
Liberty’s current land use includes a mix of residential single family lots,
an industrial site for possible mini or RV/boat storage and paper lots for
a possible school site as described below:
Phase 1 and 2 of the Subject Property has a Recorded Final
Map. Phase 3 is TTM Approved.
Designated Bulk Land Use
Final Mapped Finished Lots
5,000’s – 50’ x 100’ min:
6,000’s – 60’ x 100’ min:
7,000’s – 70’ x 100’:
Lots
266
208
189
663
Rough Graded Paper Lots
5,000’s – 50’ x 100’:
6,000’s – 60’ x 100’:
7,000’s – 70’ x 100’:
Note: This excludes 88 additional Paper Lots set aside for a possible school site.
32 Acre “Industrial Site” (Possible Mini Storage – Boat/RV):
Total Bulk Lots:
0
33
71
104
767
Tax Assessments
Taxes for the finished lots are approximately $1,720.12 per lot
per year. The balance of the project including the 32 acre
industrial site has a total tax obligation of approximately
$246,186.60. The total taxes for the entire project are
approximately $1,386,626.10 per year. Previous years tax bills
can be located in the virtual data room.
Site Costs
Estimated costs to complete is provided in the virtual data room.
Fees
Property Condition
663 of the lots (Phase 1 and 2) are currently in a Finished Condition.
The balance of the Subject Property (192 lots – Phase 3) is in a rough
graded condition.
An estimated fee schedule is available in virtual data room.
LIBERTY
Location
Liberty is situated to the west of the Sacramento River on Liberty Island Road in the City of Rio Vista. Located to the north of Highway 12
and to the west of Highway 84, the Subject Property benefits from easy access to surrounding areas, including Lodi and Fairfield, which
are both approximately 20 miles from the Subject Property. Liberty is immediately adjacent to the Golf Course of Rio Vista, which has
public access. The Rio Vista Delta Breeze Transit station is a ten minute drive away in Downtown Rio Vista at 45 Main Street and the Rio
Vista Municipal Airport (Baumann Field) is just southeast of the Subject Property.
Regional and Local Maps
LIBERTY
Regional Map
LIBERTY
Local Map
Solano County Land Use Map
LIBERTY
Site Plan
Education
PUBLIC SCHOOLS
Liberty is located within the River Delta Joint Unified School
District (RDUSD). Below are the designated public schools
assigned to the Subject Property:
D.H. White Elementary School (K-5)
500 Elm Way Rio Vista, CA 94571
• *State Rank: 6 **API: 834
Riverview Middle School (6-8)
525 South Second Street Rio Vista, CA 94571
River Delta Unified School District (unified in 1967 with 13 different
river community school districts) is located along the Sacramento
River within three counties--Sacramento, Solano, and Yolo. RDUSD
currently has an average enrollment of 2,040 students. Rio Vista
High School has an average graduation rating of 90%.
Rio Vista High School (9-12)
410 South Fourth Street Rio Vista, CA 94571
LIBERTY
D.H. White Elementary School
Rio Vista High School
DISTANCE TO SCHOOLS
Riverview Middle School
MILES
D.H. White Elementary School
Riverview Middle School
Rio Vista High School
2.0
2.7
2.4
*The State Rank is determined by a school's API Score in comparison to all other schools in California. (1 is the worst, 10 is the best). An equal number of
schools occupy each rank. This rank comes from the 2013 California Academic Performance Index (API) Base report.
**The API Score is a number between 200 and 1000 that reflects a school’s or school district’s performance on statewide student assessments .
Sources: California Department of Education, River Delta Joint Unified School District and Land Advisors Organization Research
MARKET ANALYSIS
“Age-Restricted” Rio Vista New Home Communities
The New Home Competitive Market Area (“C.M.A.”) has been generally defined as single-family detached residential projects
within the Cities of Rio Vista, Oakley and Fairfield. Due to the location and lot sizes, these projects will compete with the Subject
Property for new home buyers. The below projects are the actively selling age-restricted projects within the City of Rio Vista.
Sales Information
Map
#
Community
Builder
City
Total
Homes
Homes
Sold
Product & Pricing
Unsold Weekly
Homes Sales
Average
Price
Est. Monthly
Costs
Average
Price/ Average
Min
HOA
Tax
Sq. Ft. (Sq. Ft.) Lot Size Dues Assess.
1
Trilogy at Rio
Vista; Sola
Shea Homes Rio Vista
3,009
2,741
268
3.8
$300,823
$214
1,406
4,050 SF $125
1.1%
2
Trilogy at Rio
Vista; Shea 3D
580
116
464
0.9
$345,990
$160
2,161
4,500 SF $130
1.1%
3
Trilogy at Rio
Vista; Venticello
885
863
22
1.2
$387,490
$173
2,244
6,500 SF $118
1.1%
LIBERTY
1
Source: Land Advisors Organization Research
3
2
“Age-Restricted” Rio Vista New Home Communities
1. SOLA – TRILOGY AT RIO VISTA | SHEA HOMES
SOLA
Open Date: Q1 2002
Total Planned:
3,009
Price Range:
$276,490 – $315,490
Product Type: Detached
Total Sold:
2,741
House Size:
1,212 SF – 1,558 SF
HOA: $125/mo.
Total Remaining: 268
Price Per SF: $202 – $228
Tax Rate: 1.1%
Min Lot Size (SF): 4,050
Sales Rate:
15.2/mo.
2. SHEA 3D – TRILOGY AT RIO VISTA | SHEA HOMES
SHEA 3D
Open Date: Q4 2013
Total Planned:
580
Price Range: $327,990 – $363,990
Total Sold:
116
House Size:
HOA: $130/mo.
Total Remaining: 464
Tax Rate: 1.1%
Sales Rate:
1,837 SF – 2,486 SF
3.6/mo.
3. VENTICELLO – TRILOGY AT RIO VISTA | SHEA HOMES
VENTICELLO
Open Date: Q1 2002
Total Planned:
885
Price Range: $373,490 – $387,490
Total Sold:
863
House Size: 2,091 SF – 2,397 SF
HOA: $118/mo.
Total Remaining:
22
Tax Rate: 1.1%
Min Lot Size (SF):
6,500
Sales Rate: 4.8/mo.
Property for new home buyers. The below projects are the actively selling projects within the City of Oakley.
Sales Information
Map
#
Community
Builder
Est. Monthly
Costs
Product & Pricing
Unsold Weekly
Homes Sales
Average
Price
Average
Price/ Average
Min
HOA
Tax
City
Total
Homes
Homes
Sold
Oakley
97
55
42
1.19
$524,130
$173
3,037
6,000
$0
2.1%
Merritt at
Brookfield
Aspen at
DeNova
Homes
Oakley
104
28
76
0.65
$468,900
$187
2,511
6,000
$0
2.1%
Richmond
American
Homes
Oakley
103
22
81
1.09
$426,283
$219
1,947
4,500
$0
2.1%
4 Emerson Ranch
Signature
Homes
Oakley
102
5
97
0.5
$464,900
$189
2,461
4,200
$0
2.1%
5
Prescott
DeNova
Homes
Oakley
40
13
27
0.65
$495,000
$195
2,534
6,000
$0
1.55%
6
The Reserve
Richmond
American
Homes
Oakley
109
78
31
1.08
$505,750
$162
3,123
6,000
$0
1.40%
1 Emerson Ranch Residential
2 Emerson Ranch
Willow at
3 Emerson Ranch
Orchard at
LIBERTY
5
2 3
1 4
6
1. MERRITT AT EMERSON RANCH | BROOKFIELD RESIDENTIAL
MERRITT AT EMERSON RANCH
Open Date: Q3 2015
Total Planned:
97
Price Range: $498,880 – $546,880
Total Sold:
55
House Size:
HOA: $0/mo.
Total Remaining: 42
Price Per SF: $153– $204
Tax Rate: 2.1%
Sales Rate:
2,440 SF – 3,581 SF
4.76/mo.
2. ASPEN AT EMERSON RANCH | DENOVA HOMES
ASPEN AT EMERSON RANCH
Open Date: Q3 2015
Total Planned:
104
Price Range:
$440,900 – $493,900
Total Sold:
28
House Size:
1,990 SF – 3,078 SF
HOA: $0/mo.
Total Remaining: 76
Tax Rate: 2.1%
Sales Rate:
2.6/mo.
3. WILLOW AT EMERSON RANCH | RICHMOND AMERICAN HOMES
WILLOW AT EMERSON RANCH
Open Date: Q2 2016
Total Planned:
103
Price Range:
$415,950 – $436,950
Total Sold:
22
House Size:
1,742 SF – 2,164 SF
HOA: $0/mo.
Total Remaining: 81
Tax Rate: 2.1%
Sales Rate:
4.36/mo.
4. ORCHARD AT EMERSON RANCH | SIGNATURE HOMES
ORCHARD AT EMERSON RANCH
Open Date: Q2 2016
Total Planned:
102
Price Range: $450,900 – $472,900
Total Sold:
5
House Size:
HOA: $0/mo.
Total Remaining: 97
Tax Rate: 2.1%
Sales Rate:
2,211 SF – 2,725 SF
2.0/mo.
5. PRESCOTT | DENOVA HOMES
PRESCOTT
Open Date: Q1 2016
Total Planned:
40
Price Range: $463,000 – $523,000
Total Sold:
13
House Size:
HOA: $0/mo.
Total Remaining: 27
Tax Rate: 1.55%
Sales Rate:
2,036 SF – 2,962 SF
2.6/mo.
6. THE RESERVE | RICHMOND AMERICAN HOMES
THE RESERVE
Open Date: Q1 2015
Total Planned:
109
Price Range: $484,950 – $524,950
Total Sold:
78
House Size:
HOA: $0/mo.
Total Remaining: 31
Tax Rate: 1.40%
Sales Rate:
2,990 SF – 3,526 SF
4.3/mo.
Property for new home buyers. The below projects are the actively selling projects within the City of Fairfield.
Sales Information
Map
#
Community
Builder
1
Madison Park
Citation
Northern
2
Oliver Canyon at
Gold Ridge
3
Patrick’s Place at
Gold Ridge
4
Bradbury Park
Richmond
American
Homes
Richmond
American
Homes
DeNova
Homes
Est. Monthly
Costs
Product & Pricing
Unsold Weekly
Homes Sales
Average
Price
Average
Price/ Average
Min
HOA
Tax
City
Total
Homes
Homes
Sold
Fairfield
110
68
42
0.42
$347,333
$210
2,080
4,000
$121
NA
Fairfield
88
65
23
0.53
$530,938
$162
3,281
6,500
$0
NA
Fairfield
82
74
8
0.45
$474,150
$172
2,752
6,000
$0
NA
Fairfield
146
46
100
0.93
$452,350
$227
1,994
2,800
$164
NA
2
3 1
4
LIBERTY
1. MADISON PARK | CITATION NORTHERN
MADISON PARK AT GOLD RIDGE
Open Date: Q3 2013
Total Planned:
110
Price Range:
$430,000 – $445,000
Total Sold:
68
House Size:
1,957 SF – 2,191 SF
HOA: $121/mo.
Total Remaining: 42
Tax Rate: NA
Sales Rate:
3.7/mo.
2. OLIVER CANYON AT GOLD RIDGE | RICHMOND AMERICAN HOMES
OLIVER CANYON AT GOLD RIDGE
Open Date: Q1 2014
Total Planned:
88
Price Range: $509,900 – $546,950
Total Sold:
65
House Size:
HOA: $0/mo.
Total Remaining: 23
Tax Rate: NA
Sales Rate:
2,400 SF – 3,850 SF
2.1/mo.
3. PATRICK’S PLACE AT GOLD RIDGE | RICHMOND AMERICAN HOMES
PATRICK’S PLACE
Open Date: Q1 2014
Total Planned:
82
Price Range: $459,950 – $494,950
Total Sold:
74
HOA: $0/mo.
Total Remaining:
8
Tax Rate: NA
Min Lot Size (SF):
6,000
Sales Rate: 2.4/mo.
4. BRADBURY PARK | DENOVA HOMES
BRADBURY PARK
Open Date: Q3 2015
Total Planned:
146
Price Range: $410,900 – $490,900
Total Sold:
46
HOA: $164/mo.
Total Remaining:
100
Tax Rate: NA
Min Lot Size (SF):
2,800
Sales Rate: 3.7/mo.
New Home & Resale Pricing Graph
NEW HOME & RESALE PRICING GRAPH
COMPETITIVE MARKET AREA
(Rio Vista, Oakley and Fairfield)
$575,000
$550,000
$525,000
$500,000
$475,000
$450,000
$420,000
(Pricing)
$425,000
$400,000
$375,000
$410,000
$400,000
$395,000
$385,000
$365,000
$350,000
$372,500
$347,500
$325,000
$330,000
$300,000
$275,000
$250,000
$225,000
$200,000
1,000 1,250 1,500 1,750 2,000 2,250 2,500 2,750 3,000 3,250 3,500 3,750 4,000
(Square Feet)
Liberty (50' Wide Lots)
Shea 3D - Trilogy at Rio Vista (4,500 SF Lots)
Merritt at Emerson Ranch (6,000 SF Lots)
Willow at Emerson Ranch (4,500 SF Lots)
Prescott (6,000 SF Lots)
Madison Park (4,000 SF Lots)
Patrick's Place at Gold Ridge (6,000 SF Lots)
Resales (Rio Vista)
Sola - Trilogy at Rio Vista (4,050 SF Lots)
Venticello - Trilogy at Rio Vista (6,500 SF Lots)
Aspen at Emerson Ranch (6,000 SF Lots)
Orchard at Emerson Ranch (4,200 SF Lots)
The Reserve (6,000 SF Lots)
Oliver Canyon at Gold Ridge (6,500 SF Lots)
Bradbury Park (2,800 SF Lots)
Linear (Resales (Rio Vista))
MARKET OVERVIEW
Solano County
COUNTY OVERVIEW
Solano County comprises the Vallejo-Fairfield, CA Metropolitan Statistical Area, which is also included in the San
Jose-San Francisco-Oakland, CA Combined Statistical Area. Solano County is the northeastern county in the ninecounty San Francisco Bay Area region. The County serves seven jurisdictions – Benicia, Dixon, Fairfield, Rio
Vista, Suisun City, Vacaville and Vallejo – in addition to the unincorporated areas. The City of Fairfield is the
County Seat. Two of the county's seven cities, Benicia and Vallejo, served as the State's Capital in the early
1850s.
Solano County was one of the original counties of California, created in 1850 at the time of statehood. Situated
midway between San Francisco and Sacramento—the State capitol, Solano County is home to rolling hillsides,
waterfronts and fertile farmland. County residents can enjoy day trips to the San Francisco Bay area, Lake Tahoe
region and the Napa and Sonoma Valleys. Thanks to a mild climate, plenty of open space, proximity to lakes,
rivers and mountains, residents can enjoy year round outdoor recreational activities like fishing, boating, skiing,
hiking and biking.
Solano County is the easternmost county of the North Bay. As such, it is sometimes reported by news agencies as
being in the East Bay. Additionally, a portion of the county extends into the Sacramento Valley, geographically.
500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
Sources: County of Solano and Land Advisors Organization Research.
SOLANO COUNTY HISTORICAL POPULATION
1850
1860
1870
1880
1890
1900
1910
1920
1930
1940
1950
1960
1970
1980
1990
2000
2010
Est. 2015
FAST FACTS
Founded:
February 18, 1850
Size (Square Miles):
906
Population:
429,552 (2015)
Estimated Median Age:
36.9
Persons Per Household
2.90
Unemployment Rate:
5.6%
Per Capita Income:
$39,566
Median Household Income: $65,079 (2016)
Estimated Housing Units: 130,403
Homeownership Rate
59.57%
Solano County
Employment
Solano County has a total of 120,700 wage and salary jobs, while the per capita income is $39,566, and the
average salary per worker is $66,630. Per capita income will grow at an average rate of 3.2% per year. Average
salaries are approximately equal to the California state average. However, over time, salaries will grow faster in
Solano County than across the state. Between 2016-2018, inflation-adjusted salaries are projected to increase by
1.8% per year in Solano County, and 1.0% per year in California. Total taxable sales, adjusted for inflation, are
expected to increase by an average of 4.3% per year during the 2016-2018 period. During the same period,
Industrial production is expected to increase by 4.2% per year.
SOLANO COUNTY UNEMPLOYMENT RATE
14.00%
12.6% 12.2%
12.00%
10.00%
8.00%
10.7%
10.4%
9.1%
7.7%
6.5%
6.00%
5.6%
4.6% 4.6% 4.6%
5.8%
6.3%
5.8%
7.5%
6.9%
6.1% 5.9%
5.3% 4.9% 5.3%
4.00%
2.00%
Housing
As economic conditions have improved, home prices have stabilized countywide and, more recently, have trended upward. Since 2012,
the County’s median home price has increased over 87%. The 2017 projected median home price is approximately $377,000.
2015
Source: County of Solano, California Association of Realtors, U.S. Bureau of Labor Statistics, and Land Advisors Organization Research
$377,000
2014
$363,000
2013
$317,000
2012
$267,000
2011
$211,000
2010
$194,000
$280,000
2009
$217,000
2008
$229,000
2007
$401,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$-
$461,000
SOLANO COUNTY MEDIAN HOME PRICE
2016
2017
Rio Vista
City Overview
Situated along Highway 12 in the eastern portion of Solano
County, the City of Rio Vista is a special place with an inviting mix
of rural and suburban lifestyles and easy access to all of the
urban amenities associated with two of the nation’s most dynamic
metropolitan regions, San Francisco and Sacramento. Rio Vista
lies on the banks of the Sacramento River, providing ample
recreational activities in the Delta and is within an easy drive to
the Napa Wine Country, Sierra ski resorts and Lake Tahoe. With
approximately 8,200 residents, Rio Vista still maintains its easy
going “small town” attitude. Rio Vista is approximately 25%
developed and with the land that the City annexed in the 1990s is
positioned for substantial residential and commercial growth.
Climate
According to the Köppen Climate Classification system, Rio Vista
has a warm-summer Mediterranean climate. On average, there
are 268 sunny days per year in Rio Vista, California. The City’s
comfort index, which is based on humidity during the hot months,
is a 48 out of 100, where higher is more comfortable. The US
average on the comfort index is 44.
Quality of Life
When looking to reside in the City of Rio Vista, there are many
positive variables to consider. Rio Vista’s quality of life index is
higher than the state of California overall, more specifically, the
City scores well in the medical, religion, and dining categories.
2012 Quality of
Life Indexes
Rio Vista, CA
California
United
States
Quality of Life Index
198
196
100
Amusement Index
115
142
100
Culture Index
98
131
100
Education Index
97
108
100
Medical Index
93
58
100
Religion Index
95
50
100
Restaurant Index
84
65
100
Index score: (100 = National Average) for an area is compared to the national average of
100. A score of 200 indicates twice the national average, while 50 indicates half the
national average. (Source – CLR Search)
Healthcare
Rio Vista residents have access to 85 acute care hospitals within
60 miles. Solano County ranks 31st for health outcomes, 24th for
health factors and 26th for healthy behaviors in California..
Economy
The City of Rio Vista is a community positioned for growth in
many areas such as residential, retail, commercial, and
industrial. The unemployment rate in Rio Vista, California, is
7.00%, with job growth of 0.64%. Future job growth over the next
ten years is predicted to be 34.30%. The income per capita is
$35,811, which includes all adults and children. The median
household income is $61,795.
Wind Farm, Rio Vista, California
Transportation
Rio Vista is located near three major transportation corridors,
Highway 80, Highway 12, and Highway 5.The Subject Property
has convenient access to Highway 12, just minutes away. Rio
Vista Delta Breeze operates transit in the Rio Vista and Isleton
areas. It provides weekday connection to Amtrak and Greyhound
at Fairfield. It also connects with BART at Pittsburg/Bay Point
Station.
Proximity to Other Cities
•
•
•
•
•
•
•
Antioch – 16 Miles
Fairfield/Suisun City – 21 Miles
Lodi – 24 Miles
Vacaville – 28 Miles
Walnut Creek – 37 Miles
Sacramento – 51 Miles
San Francisco – 59 Miles
Source: County of Solano, California Department of Finance, and Land Advisors Organization Research
Residential Building Permits
The table & chart below show the total number of both single family detached and attached building permits pulled each year since
2001. Per this data, the City of Rio Vista experienced its new home development peak in 2003-2004. Following this peak,
development within Rio Vista hit its trough in 2006-2007. Since then, development over the last few years has rebounded.
City of Rio Vista - Residential Building Permits
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Avg
Single Family
Permits
172
239
228
311
157
159
170
79
35
20
28
58
125
123
151
128
MF Permits
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2011
2012
ANNUAL RESIDENTIAL BUILDING PERMITS
350
300
250
200
150
100
50
0
2001
2002
2003
2004
2005
2006
2007
Multi Family
Source: CHF - CIRB
2008
2009
2010
2013
2014
2015
Single Family
Demographics
Description
1 Mile
3 Mile
5 Mile
141.720381
142.980751
222.779427
Area & Density
Area (Square Miles) :
Density :
28.3
40.4
37.6
Population (1990) :
89
1,006
3,737
Population (2000) :
1,440
2,924
5,733
Population (2010) :
4,031
5,830
8,423
Population (Current) :
4,009
5,783
8,368
Population (5 Yr. Forecast) :
4,108
5,917
8,556
Percent Growth (Current Yr./Previous Yr.) :
-.55
-.97
-.65
Percent Forecast (5 Yr. Forecast/Current Yr.) :
2.47
2.22
2.16
39
413
1,490
Households (2000) :
546
1,120
2,232
Households (2010) :
2,106
2,753
3,783
Households (Current) :
2,098
2,734
3,755
Households (5 Yr. Forecast) :
2,226
2,901
3,984
-.38
-1.04
-.93
6.1
6.12
6.1
Population By Year
Households By Year
Households (1990) :
Percent Growth (Current Yr./Previous Yr.) :
Percent Forecast (5 Yr. Forecast/Current Yr.) :
Source: Landvision
Demographics
Description
General Population Characteristics
1 Mile
3 Mile
5 Mile
Male:
Female :
Density :
Urban :
Rural :
1,805
2,735
3,972
2,204
3,048
4,396
28.3
40.4
37.6
1,774
4,090
4,009
4,009
4,278
Households (Current) :
Families :
Average Size of Household :
Median Age of Householder :
Median Value Owner Occupied ($) :
Median Rent ($) :
Median Vehicles Per Household :
2,098
2,734
3,755
1,055
1,494
2,061
1.85
2.32
2.43
69
63
62
General Household Characteristics
364,234.00
985.00
351,808.74
347,499.19
1,011.52
1,042.05
2
2
2
Housing Units :
Owner Occupied Units :
Renter Occupied Units :
Vacant Units :
2,379
3,063
4,276
1,832
2,381
3,013
266
353
742
281
329
521
White Alone :
Black Alone :
Asian Alone :
Native American and Alaska Native Alone :
Other Race Alone :
Two or More Races :
3,083
4,562
6,723
306
338
405
286
323
395
21
45
58
210
319
471
103
196
316
744
1,070
1,474
2,562
3,849
5,798
General Housing Characteristics
Population By Race
Population By Ethnicity
Hispanic :
White Non-Hispanic :
General Income Characteristics
Median Household Income ($) :
Total Household Income ($) :
Average Household Income ($) :
Per Capita Income ($) :
55,361.00
54,041.31
55,598.76
140,412,783
181,842,803
257,885,535
66,927
66,512
68,678
35,024
31,444
30,818
72,253
85,316
86,526
Retail Sales
Total Retail Sales ($) :
Consumer Expenditures
Total Consumer Expenditures ($) :
110,725.1
145,094.1
199,934.4
Employment By Place Of Business
Total Employees :
Source: Landvision
1,227
1,414
1,690
OFFERING GUIDELINES
Offering Guidelines
OFFERS DUE
Offers Due by Tuesday, September 20th at Noon
Please submit all offers to:
Land Advisors Organization
Attn: Jim Radler
3741 Douglas Boulevard, Suite 180, Roseville, California 95661
Tel: 916-784-3329 │ Fax 916-784-3426
Email: [email protected]
ASKING PRICE
Submit offer.
PURCHASE TERMS
The Seller will consider only all cash offers.
LETTER OF INTENT
Buyer is expected to use the LOI form, which is provided in the
Virtual Data Room. Buyer will then have the ability to contact
the City of Rio Vista once an LOI has been executed.
OFFERS DETAILS
Please submit offer in the form of a Letter of Intent. Bids should
identify the proposed Buyer, its principals and/or material aspects
of its corporate organization. Buyer’s submission should include
information regarding Buyer’s relevant experience and financial
wherewithal, and its intended equity and debt sources for
consummating the Transaction. Pursuant to S.B. 1171, all offers
on real estate in the State of California are required to be
accompanied by an executed version of the form on pages 34-38.
Please fill out the form and return it with your offer.
DEPOSITS
The Initial Deposit shall be equal to $50,000 of the anticipated
Purchase Price. Said Deposit shall be paid at the Opening of
Escrow and shall remain refundable during the Feasibility
Period. Upon Buyer’s approval of Feasibility, a Second
Deposit shall be placed in escrow providing for a total Deposit
of ten percent (10%) of the Purchase Price. Upon Buyer’s
approval of its Feasibility, the Initial and Second Deposit shall
be released to Seller and shall be non-refundable except for
Seller’s default.
FEASIBILITY PERIOD
Buyer shall have a 30 day Feasibility Period in which to
investigate all aspects of the Property, including the physical
condition of the Property. The Feasibility Period shall begin
upon the execution of a Purchase and Sale Agreement.
All dates above are subject to change.
September 2016
August 2016
PROPERTY CONDITION AT CLOSE OF ESCROW
The Property will be delivered in an “as-is” condition.
CLOSE OF ESCROW
The Close of Escrow shall occur on or before 7 days after the
expiration of the Feasibility Period.
AS-IS SALE: NO REPRESENTATIONS AND WARRANTIES
The Property is being sold “as-is” with no representations or
warranties from either the Seller or its Affiliates. Any
information provided by Seller of Affiliates is intended to help a
Buyer develop an offer to purchase the Property, but Buyer
must not rely on anything other than its own due diligence.
September 20th
September 27th
October 11th
November 10th
November 17th
Offer Deadline:
Select Buyer/Accept LOI:
Execute PSA/Start Feasibility
Complete Feasibility Period (30 Days):
Close of Escrow (7 Days):
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Eblast Announcement
Execute PSA/Start Feasibility
Offers Due
Feasibility Period Expires
Buyer Selected
Close of Escrow
VIRTUAL DATA ROOM
Virtual Data Room
The following due diligence items are available via the “Liberty” Virtual Data Room (“VDR”). Please contact Lara Bauer at 916.784.3329 x10
or [email protected] for access.
1) Offering Package
 Liberty Exclusive Offering Package.pdf
2) Project Documentation
 1 Liberty Vesting Tentative Map.pdf
 2 Liberty Tentative Map NOD.pdf
 3 Liberty VTM Conditions of Approval 08 18 05.pdf
 4 Liberty Phase 1 Final Map.pdf
 5 Liberty Phase 2 Final Map.pdf
 6 Liberty Phase 3 Draft Final Map.pdf
 7 Liberty Development Agreement.pdf
 8 Liberty DA Amendment 1.pdf
 9 Liberty Infrastructure Bond Release Agreement 12 18 2009.pdf
 10 Shea Bond Release Resolution – Signed.pdf
 11 Liberty Supplemental Infra. Bond Release Agreement 08 17 12.pdf
 12 Liberty Final Bond Release Letter 10 31 12.pdf
 13 Liberty – Gibbs Ranch 1990 Original School Agreement.pdf
 14 Liberty – Gibbs Ranch 2006 New School Agreement.pdf
 15 Liberty Estimated Costs to Complete.pdf
 15A Liberty Phase 3 Preliminary Engineer’s Estimate.pdf
 16 Liberty Product Line 1 Building Permit Fees Paid July 07.pdf
 17 Liberty Product Line 2 Building Permit Fees Paid July 07.pdf
 18 Liberty Grading Plans.pdf
 19 Liberty Phase 1 Improvement Plans.pdf
 20 Liberty Phase 2 Improvement Plans.pdf
 21 Liberty Phase 2A Improvement Plans.pdf
 22 Liberty Phase 3 Draft Improvement Plans.pdf
 23 Liberty Landscape Site Plan.pdf
 24 Liberty Landscape Main Entry.pdf
 25 Liberty Landscape Secondary Entry.pdf
 26 Liberty Landscape Park.pdf
 27 Liberty Development Plan.pdf
 28 15R Liberty Preliminary Estimate of Costs to Complete Phases 1 and 2 Sept 2016.pdf
 29 Liberty Sample Tax Bills for the finished lots.pdf
 30 2014 Liberty Tax Summary.xlsx
 31 2015 Solano – liberty General Tax Bills – R.pdf
BROKERAGE DISCLOSURES
Confidentiality & Disclaimer
The information contained in this offering material (“Brochure”) is confidential, furnished solely for the purpose of a review by prospective
purchaser of any portion of Liberty (APN’s: Varies) within the City of Rio Vista, County of Solano, California (“Property”) and is not to be
used for any other purpose or made available to any other person without the express written consent of Park Place Partners, Inc. d/b/a
Land Advisors Organization (“Land Advisors”). The material is based in part upon information supplied by Shea Homes LP (“Seller”) and
in part upon information obtained by Land Advisors from sources it deems reasonably reliable. Summaries of any documents are not
intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or
representation, expressed or implied, is made by Seller, Land Advisors, or any of their respective affiliates, as to the accuracy or
completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make
their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent
due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence
of any potentially hazardous material located at the site.
This Brochure was prepared by Land Advisors. It contains select information pertaining to the Property and does not purport to be allinclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference
purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore,
are subject to material change or variation.
In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor,
necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested
parties are expected to independently review all documents.
This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a
recommendation, endorsement or advice as to the value of the Property by Land Advisors or the Seller. Each prospective purchaser is to
rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.
Seller and Land Advisors expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase
the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or
obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase
of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller's obligations there under have
been satisfied or waived. Land Advisors is not authorized to make any representations or agreements on behalf of Seller.
This Brochure is the Property of Land Advisors and may be used only by parties approved by Land Advisors. The Property is privately
offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to Land Advisors immediately upon request of
Land Advisors or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest
confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written
authorization of Land Advisors and Seller.
Please be advised, Buyer acknowledges that Park Place Partners, Inc. d/b/a Land Advisors Organization, may (1) act as an agent
for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the
subject property. Any prospective Buyer requesting Land Advisors to submit an offer on its behalf acknowledges the foregoing
disclosures and agrees to the described agency relationships with other prospective Buyers.
The terms and conditions set forth above apply to this Brochure in its entirety.
Confidentiality & Disclaimer
DISCLOSURE AND CONSENT FOR REPRESENTATION
OF MORE THAN ONE BUYER OR SELLER
EXCERPTS FROM – C.A.R. FORM DA, 11/06
A real estate broker, whether a corporation, partnership or sole proprietorship, (“Broker”) may represent more than one buyer or
seller provided the Broker has made a disclosure and the principals have given their consent. This multiple representation can occur
through an individual license as a broker or through different associate licensees acting for the Broker. The associates licensees
may be working out of the same or different office locations.
Broker may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and
make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or
restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested
in the same property.
Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker
will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers.
Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker
and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed
properties that may appeal to the same prospective buyers.
Buyer and Seller understand that Broker may represent more than one buyer or seller and even both buyer and seller on the same
transaction.
If Seller is represented by Broker, Seller acknowledges that Broker may represent prospective buyers of Seller’s property and
consents to Broker acting as a dual agent for both Seller and Buyer in that transaction.
If Buyer is represented by Broker, Buyer acknowledges that Broker may represent sellers of property that Buyer is interested in
acquiring and consents to Broker acting as a dual agent for both Buyer and Seller with regard to that property.
In the event of a dual agency, Seller and Buyer agree that: (a) Broker, without the prior notice written consent of the Buyer, will not
disclose to the Seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written
consent of the Seller, will not disclose to the Buyer that Seller is willing to sell property at a price less than the listing price; and (c)
other than as set forth in (a) and (b) above, a Dual Agent is obligated to disclose known facts materially affecting the value or
desirability of the property to both parties.
NON CONFIDENTIALITY OF OFFERS: Buyer is advised that Seller or Listing Agent may disclose the existence, terms, or
conditions of Buyer’s offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such
information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real
estate community, the Listing Agent’s marketing strategy and the instructions of the seller.
Seller and/or Buyer acknowledges reading and understanding this Disclosure and Consent for Representation of More than One
Buyer or Seller and agree to the dual agency possibility disclosed.
Disclosure Regarding Real Estate Agency Relationship
(AS REQUIRED BY THE CIVIL CODE)
When you enter into a discussion with a real estate agent regarding a real estate transaction, you should from the outset understand
what type of agency relationship or representation you wish to have with the agent in the transaction.
1. Buyer’s/Tenant’s Agent
A selling agent can, with a Buyer’s/Tenant’s consent, agree to act as agent for the Buyer/Tenant only. In these situations, the agent is
not the Seller’s/Landlord’s agent, even if by agreement the agent may receive compensation for services rendered, either in full or in
part from the Seller/Landlord. An agent acting only for a Buyer/Tenant has the following affirmative obligations:
TO THE BUYER/TENANT:
A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Buyer/Tenant.
TO THE BUYER/TENANT AND THE SELLER/LANDLORD:
(a) Diligent exercise of reasonable skill and care in performance of the agent’s duties.
(b) A duty of honest and fair dealing and good faith.
(c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or
within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential
information obtained from the other party that does not involve the affirmative duties set forth above.
2. Seller’s/Landlord’s Agent
A Seller’s/Landlord’s agent under a listing agreement with the Seller/Landlord acts as the agent for the Seller/Landlord only. A
Seller’s/ Landlord’s agent or a subagent of that agent has the following affirmative obligations:
TO THE SELLER/LANDLORD:
A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Seller/Landlord.
TO THE BUYER/TENANT AND THE SELLER/LANDLORD:
(a) Diligent exercise of reasonable skill and care in performance of the agent’s duties.
(b) A duty of honest and fair dealing and good faith.
(c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or
within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential
information obtained from the other party that does not involve the affirmative duties set forth above.
3. Agent Representing Both Seller/Landlord and Buyer/Tenant
A real estate agent, either acting directly or through one or more associate licensees, can legally be the agent of both the
Seller/Landlord and the Buyer/Tenant in a transaction, but only with the knowledge and consent of both the Seller/Landlord and the
Buyer/Tenant. In a dual agency situation, the agent has the following affirmative obligations:
TO BOTH THE SELLER/LANDLORD AND THE BUYER/TENANT:
(a) A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either the Seller/Landlord or the Buyer/Tenant. (b)
Other duties to the Seller/Landlord and the Buyer/Tenant as stated above in their respective sections.
In representing both Seller/Landlord and Buyer/Tenant, the agent may not, without the express permission of the respective party,
disclose to the other party that the Seller/Landlord will accept a price less than the listing price or that the Buyer/Tenant will pay a
price greater than the price offered.
The above duties of the agent in a real estate transaction do not relieve a Seller/Landlord or Buyer/Tenant from the responsibility to protect
his or her own interests. You should carefully read all agreements to assure that they adequately express your understanding of the
transaction. A real estate agent is a person qualified to advise about real estate. If legal or tax advice is desired, consult a competent
professional.
Throughout your real property transaction you may receive more than one disclosure form, depending upon the number of agents assisting
in the transaction. The law requires each agent with whom you have more than a casual relationship to present you with this disclosure
form. You should read its contents each time it is presented to you, considering the relationship between you and the real estate agent in
your specific transaction.
This disclosure form includes the provisions of Sections 2079.13 to 2079.24, inclusive, of the Civil Code set forth on the reverse hereof.
Read it carefully.
NA
Jim Radler
Name of Listing Agent:
Is the agent of:
Name of Selling Agent
(if not the same as the Listing
Agent)
X
seller/landlord exclusively;
or
is the agent of (check one):
both the buyer and seller
the buyer/tenant exclusively; or
the seller/landlord exclusively;
or, both the buyer and seller.
Jim Radler
8/16/2016
Listing Agent (Signature)
Date
Seller/Landlord(Signature)
Date
NA
Selling Agent – if not same as
Date
Buyer/Tenant (Signature)
Date
2079.13: As used in Sections 2079.14 to 2079.24, inclusive, the following terms have the following meanings:
(a) “Agent” means a person acting under provisions of Title 9 (commencing with Section 2295) in a real property transaction, and includes
a person who is licensed as a real estate broker under Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the
Business and Professions Code, and under whose license a listing is executed or an offer to purchase is obtained.
(b) “Associate licensee” means a person who is licensed as a real estate broker or salesperson under Chapter 3 (commencing with Section
10130) of Part 1 of Division 4 of the Business and Professions Code and who is either licensed under a broker or has entered into a
written contract with a broker to act as the broker’s agent in connection with acts requiring a real estate license and to function under
the broker’s supervision in the capacity of an associate licensee.
The agent in the real property transaction bears responsibility for his or her associate licensees who perform as agents of the agent.
When an associate licensee owes a duty to any principal, or to any buyer or seller who is not a principal, in a real property transaction,
that duty is equivalent to the duty owed to that party by the broker for whom the associate licensee functions.
(c) “Buyer” means a transferee in a real property transaction, and includes a person who executes an offer to purchase real property
from a seller through an agent, or who seeks the services of an agent in more than a casual, transitory, or preliminary manner,
with the object of entering into a real property transaction. “Buyer” includes vendee or lessee.
(d) “Commercial real property” means all real property in the state, except single-family residential real property, dwelling units made
subject to Chapter 2 (commencing with Section 1940) of Title 5, mobilehomes, as defined in Section 798.3, or recreational
vehicles, as defined in Section 799.29.
(e) “Dual agent” means an agent acting, either directly or through an associate licensee, as agent for both the seller and the buyer in
a real property transaction.
(f) “Listing agreement” means a contract between an owner of real property and an agent, by which the agent has been authorized
to sell the real property or to find or obtain a buyer.
(g) “Listing agent” means a person who has obtained a listing of real property to act as an agent for compensation.
(h) “Listing price” is the amount expressed in dollars specified in the listing for which the seller is willing to sell the real property
through the listing agent.
(i)
“Offering price” is the amount expressed in dollars specified in an offer to purchase for which the buyer is willing to buy the real
property.
(j) “Offer to purchase” means a written contract executed by a buyer acting through a selling agent that becomes the contract for the
sale of the real property upon acceptance by the seller.
(k) “Real property” means any estate specified by subdivision (1) or (2) of Section 761 in property that constitutes or is improved with
one to four dwelling units, any leasehold in these types of property exceeding one year’s duration, and mobilehomes, when
offered for sale or sold through an agent pursuant to the authority contained in Section 10131.6 of the Business and Professions
Code.
(l) “Real property transaction” means a transaction for the sale of real property in which an agent is employed by one or more of the
principals to act in that transaction, and includes a listing or an offer to purchase.
(m) “Sell,” “sale,” or “sold” refers to a transaction for the transfer of real property from the seller to the buyer, and includes exchanges
of real property between the seller and buyer, transactions for the creation of a real property sales contract within the meaning of
Section 2985, and transactions for the creation of a leasehold exceeding one year’s duration.
(n) “Seller” means the transferor in a real property transaction, and includes an owner who lists real property with an agent, whether
or not a transfer results, or who receives an offer to purchase real property of which he or she is the owner from an agent on
behalf of another. “Seller” includes both a vendor and a lessor.
(o) “Selling agent” means a listing agent who acts alone, or an agent who acts in cooperation with a listing agent, and who sells or
finds and obtains a buyer for the real property, or an agent who locates property for a buyer or who finds a buyer for a property
for which no listing exists and presents an offer to purchase to the seller.
(p) “Subagent” means a person to whom an agent delegates agency powers as provided in Article 5 (commencing with Section
2349) of Chapter 1 of Title 9. However, “subagent” does not include an associate licensee who is acting under the supervision of
an agent in a real property transaction.
2079.14: Listing agents and selling agents shall provide the seller and buyer in a real property transaction with a copy of the
disclosure form specified in Section 2079.16, and, except as provided in subdivision (c), shall obtain a signed acknowledgment of
receipt from that seller or buyer, except as provided in this section or Section 2079.15, as follows:
(a) The listing agent, if any, shall provide the disclosure form to the seller prior to entering into the listing agreement.
(b) The selling agent shall provide the disclosure form to the seller as soon as practicable prior to presenting the seller with an offer
to purchase, unless the selling agent previously provided the seller with a copy of the disclosure form pursuant to subdivision (a).
(c) Where the selling agent does not deal on a face-to-face basis with the seller, the disclosure form prepared by the selling agent
may be furnished to the seller (and acknowledgment of receipt obtained for the selling agent from the seller) by the listing agent,
or the selling agent may deliver the disclosure form by certified mail addressed to the seller at his or her last known address, in
which case no signed acknowledgment of receipt is required.
(d) The selling agent shall provide the disclosure form to the buyer as soon as practicable prior to execution of the buyer’s offer to
purchase, except that if the offer to purchase is not prepared by the selling agent, the selling agent shall present the disclosure
form to the buyer not later than the next business day after the selling agent receives the offer to purchase from the buyer.
2079.15: In any circumstance in which the seller or buyer refuses to sign an acknowledgment of receipt pursuant to Section 2079.14,
the agent, or an associate licensee acting for an agent, shall set forth, sign, and date a written declaration of the facts of the refusal.
2079.17:
(a) As soon as practicable, the selling agent shall disclose to the buyer and seller whether the selling agent is acting in the real
property transaction exclusively as the buyer’s agent, exclusively as the seller’s agent, or as a dual agent representing both the
buyer and the seller. This relationship shall be confirmed in the contract to purchase and sell real property or in a separate writing
executed or acknowledged by the seller, the buyer, and the selling agent prior to or coincident with execution of that contract by
the buyer and the seller, respectively.
(b) As soon as practicable, the listing agent shall disclose to the seller whether the listing agent is acting in the real property
transaction exclusively as the seller’s agent, or as a dual agent representing both the buyer and seller. This relationship shall be
confirmed in the contract to purchase and sell real property or in a separate writing executed or acknowledged by the seller and
the listing agent prior to or coincident with the execution of that contract by the seller.
(c) The confirmation required by subdivisions (a) and (b) shall be in the following form (see next page):
Name of Listing Agent:
Is the agent of:
Name of Selling Agent
(if not the same as the Listing
Agent)
seller/landlord exclusively;
or
is the agent of (check one):
both the buyer and seller
the buyer/tenant exclusively; or
the seller/landlord exclusively;
or, both the buyer and seller.
Date
Selling Agent – if not same as
Date
Seller/Landlord(Signature)
Date
Buyer/Tenant (Signature)
Date
(d) The disclosures and confirmation required by this section shall be in addition to the disclosure required by Section 2079.14.
2079.18: No selling agent in a real property transaction may act as an agent for the buyer only, when the selling agent is also acting as
the listing agent in the transaction.
2079.19: The payment of compensation or the obligation to pay compensation to an agent by the seller or buyer is not necessarily
determinative of a particular agency relationship between an agent and the seller or buyer. A listing agent and a selling agent may agree
to share any compensation or commission paid, or any right to any compensation or commission for which an obligation arises as the
result of a real estate transaction, and the terms of any such agreement shall not necessarily be determinative of a particular relationship.
2079.20: Nothing in this article prevents an agent from selecting, as a condition of the agent’s employment, a specific form of agency
relationship not specifically prohibited by this article if the requirements of Section 2079.14 and Section 2079.17 are complied with.
2079.21: A dual agent shall not disclose to the buyer that the seller is willing to sell the property at a price less than the listing price,
without the express written consent of the seller. A dual agent shall not disclose to the seller that the buyer is willing to pay a price greater
than the offering price, without the express written consent of the buyer.
This section does not alter in any way the duty or responsibility of a dual agent to any principal with respect to confidential information
other than price.
2079.22: Nothing in this article precludes a listing agent from also being a selling agent, and the combination of these functions in one
agent does not, of itself, make that agent a dual agent.
2079.23: A contract between the principal and agent may be modified or altered to change the agency relationship at any time before the
performance of the act which is the object of the agency with the written consent of the parties to the agency relationship.
2079.24: Nothing in this article shall be construed to either diminish the duty of disclosure owed buyers and sellers by agents and their
associate licensees, subagents, and employees or to relieve agents and their associate licensees, subagents, and employees from
liability for their conduct in connection with acts governed by this article or for any breach of a fiduciary duty or a duty of disclosure.
Contact & Affiliated Businesses
CONTACT
CalBRE #01225173
LAND ADVISORS ORGANIZATION
PRESENTED BY:
3741 Douglas Boulevard, Suite 180
Roseville, California 95661
(916) 784-3329
www.landadvisors.com
Jim Radler
Senior Vice President
CalBRE #01252311
(916) 784-3329 x11
[email protected]
See what’s happening on our social sites!
Ryan Long
CalBRE #01784770
(916) 784-3329 x16
[email protected]
RJ Radler
Vice President
CalBRE #01718101
(916) 784-3329 x12
[email protected]
AFFILIATED BUSINESSES
CAPITAL SOURCING
MARKET STUDIES & DATA
Landmark Capital Advisors, a Land Advisors company, is a
market leader in sourcing debt and equity for residential and
commercial transactions.
Market InSite Real Estate Advisors, a Land Advisors company,
provides data and market studies to clients who buy, sell, and
develop residential and mixed-use subdivision land.
For your capital needs, please contact:
For your market studies & data needs, please contact:
Residential
Adam Deermount
(949) 760-7940 x11
Market Studies
Bob McFarland
(949) 727-9375
Commercial
David Kidder
(949) 760-7940 x10
LIBERTY
CalBRE #01225173
Please direct all your inquiries to:
Jim Radler
Ryan Long
RJ Radler
CA BRE #01252311
Roseville, CA 95661
CA BRE #01784770
Roseville, CA 95661
Vice President
CA BRE #01718101
Roseville, CA 95661
T: 916.784.3329 x11
[email protected]
T: 916.784.3329 x16
[email protected]
T: 916.784.3329 x12
[email protected]

liberty - Land Advisors Organization

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