Highpointe is a full services real estate development company dedicated to creating quality projects and communities. Highpointe has historically structured project acquisitions in one of two ways. The first is to simply purchase the property from the landowner and to then process entitlements, develop and sell the project to an end-user such as a homebuilder. In these instances, Highpointe and its financial partners/lenders receive all of the value that is added through the entitlement and development process. A second but similar arrangement that Highpointe frequently enters into is a longer term option with the landowner whereby Highpointe processes entitlements for the project during the option term. This structure typically allows Highpointe the opportunity to pay the landowner more for its property that Highpoint would pay if it purchased the property pursuant to a short-term escrow.

Highpointe also understands that there are those landowners that desire to share in the economic benefits resulting from the entitlement and development process. In those instances, Highpointe enters into joint venture arrangements with landowners whereby the landowner contributes its property to the venture at a pre-agreed value, Highpointe processes entitlements for the project at Highpointe's expense, and upon sale the landowner and Highpointe share in the value added by the entitlement process on a pre-determined basis. A variant of the joint venture structure that is particularly attractive to certain land owners is what we call a " Development Services Agreement" in which the landowner continues to own title to its property, Highpointe funds the entitlement and development related expenses, Highpointe manages the entitlement and sale process, and upon sale the landowner and Highpointe share the value added through the entitlement process similar to a joint venture.

Highpointe also has extensive experience assisting financial partners and lenders in completing and/or re-positioning troubled projects. Highpointe has on numerous occasions, become the successor developer on troubled projects for the purpose of solving problems that Highpointe's predecessors have been unable to solve. These efforts have included successfully obtaining entitlements and permits that Highpointe's predecessors have been unable to obtain, restructuring existing public debt facilities in a manner which allows the project to proceed forward on an economically viable basis, and successfully managing the sale of the asset in order to maximize the return to the capital partner/lender.

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