Tommy Dobczyk explains how securing entitlements on a property typically raises its value 60-70%, the ideal exit point for developers. He uses a Land Shark fund to cover entitlement costs and a vehicle called Titan 23 to cash out when that milestone hits.
Chapters
100%. You could totally do that. So you're— and then once we get through entitlements, because you've seen on entitlements, that's where the most gains are too, right? Like once we get through entitlements, the property value goes up 60 to 70%. And that's the best time for me as a developer. That's the best time for me to exit because I make the most return. Right. So at that point, we could probably just have a fund for Land Shark that covers those entitlement costs it produces, and they're exited by the Titan 23. For example, Titan 23 comes in, exits the entitlement fund or the Land Shark fractional fund, and the Land Shark fractional fund is exited by Titan 23 every time.