Have you taken a look at Cheyenne, WY recently? This is one of America’s hidden gems with a demand for attainable housing, a strong economy, low cost of living and unparalleled access to the breathtaking nature of America’s wild west. Rittertime has partnered with Guardian Companies and is giving passive investors access to participate in the entitlement & infrastructure of 105 acres of raw land in one of Cheyenne’s most sought-after communities, Whitney Ranch. “Live Whitney” is 105 acres of raw land located where i-25 & i-80 meet in the retail district of the northwest section of Whitney Road and Dell Range Blvd., busiest intersection in Cheyenne.
All 105 lots have been pre-sold to a national home builder who will be partnering with Homes by Guardian to develop attainable 2-story homes that will sell in the low $300,000’s to mid $400,000. Cheyenne’s economy has remained steady over the last boom and bust that crippled some housing markets and the local banks have verified that Cheyenne only has 50 (+/-) houses on the market which is the lowest available inventory they have ever seen.
Founded in 2000, Guardian Companies has been building distinctive communities designed to thrive for years to come. Guardian currently owns and manages over a $100 million real estate portfolio.
Guardian Companies has been developing in Cheyenne for over 20 years and recently completed developing 435 acres (+/-) known as Westedt Meadows. “Live Whitney” is the first 105 acres of a community development that will encompass 580 acres over the next 10+ years and has led to a waiting list of residential home developers looking to resubscribe and participate.
“We have enjoyed growing into, and the location of Whitney Ranch offers a great next step in showcasing the best of what Cheyenne has to offer.”
|– Ross Malinski, President|
|INVESTMENT:||$1-$1.5 million dollar Equity investment|
|TERMS:||13% Preferred Return paid quarterly.|
|PROPERTY:||100+ acre single family home development located on the northwest corner of Whitney Road and Dell Range Blvd. in North East Cheyenne, WY|
|USE OF FUNDS:||Residential land entitlements & infrastructure (Streets, Sewer, Water)|
|SPONSORS:||Ross Malinski and Brad Emmons of Whitney Ranch LLC|
|$3,000,000 (+) of cash invested|
|1.||Single family lots have been pre-sold to one of the nation’s largest homebuilders|
|2.||Projected payback of 30-36 months|
|3.||Sponsors have been developing land in Cheyenne since 2006 and can show a history of successfully completed projects.|
|4.||Available appraisals show land values in Cheyenne have more than doubled since rights to develop in Whitney Ranch were acquired.|
|WHY INVEST IN CHEYENNE?|
|Cheyenne was ranked #3 fastest growing cities in the US1. The US Air Force is investing $90B on top of the world-class Warren Air Force Base already in operation. (homesnacks.com)|
|Cheyenne enjoys a low cost- of-doing business favorable tax and regulatory climate. The Tax Foundation ranked Wyoming #1 for the 2020 State Business Tax Climate Index. (taxfoundation.org)|
|Cheyenne is a transportation triple play with the intersection of Interstates 80 and 25, the Union Pacific and BNSF railroads and the Denver International Airport (DIA) only 90-minutes away.|
|Without the major costs of larger cities, Cheyenne is able to focus its resources on improvements for the future such as community parks, historic districts, and new schools.|