Summary:
Club Meeting:
Click one of the following links to listen to the developers discuss the North Carolina investment opportunity at the most recent NCREI club meeting.
32 KBPS (Dialup), 96 KBPS (Broadband)

Select Capital Group is pleased to present to you our next predevelopment opportunity located in the Blue Ridge Mountains of Western North Carolina.
Introduction:
We here at Select Capital Group are pleased to present you with our next pre-development strategy, located in the Blue Ridge Mountains of North Carolina. Here, the developers create full-amenity, environmentally sensitive mountain communities planned and built in harmony with their natural surroundings.
"There's a reason people are drawn to the Western North Carolina mountains," says one of the developers, "the wrong kind of development can destroy that; the right kind can help to preserve it. This is not just about higher elevations. It's also about higher standards."
Background:
The developers have been partners for more than a decade, creating upscale residential neighborhoods in the urban environment of Atlanta, Georgia.
About 5 years ago they decided to change gears and began visiting the mountains in Western North Carolina. They quickly fell in love with the natural beauty and restorative lifestyle that the area provided.
Before long, the developers decided that they wanted to change the focus of their working relationship from the city to the mountains. Their long-time passion for excellence was leading them in a new direction. The result was a development company formed 2 1/2 years ago in Western North Carolina - an affiliate of Atlanta-based Parent Companies, founded by the
partners over 20 years ago.
Backed by the resources of a financially strong company and fiscally conservative principals, and assisted by an executive team with decades of experience in real estate development and marketing, what had started out as a dream soon became a reality: the first premiere mountain community of the development company.

A view from one of the predevelopment home sites.
Amenities:
This community has a private gated entrance, private paved roads, underground utilities, hiking trails and common areas, and additional amenities tailored to its specific size, topography and personality. This community is just a few minutes from excellent highways, with area attractions and top-quality health services nearby. And every community offers unbroken,
high-elevation views of the national parks and forests that form the very heart of Western North Carolina. Five more communities are underway, two on the North Carolina coast and a first lake community in Tennessee.
"We aren't building communities for people who want to escape from reality," says one partner, whose own mountain home overlooks Fontana Lake. "We're building them for people who have decided it's time to escape back to something real. What we set out to create are the kinds of communities our own families would want to live
in. I think that says it all."

A predevelopment home site view that Jay has reserved.
For more photos from the development site, click here.
Wild Ridges
North Carolina
Pre-Development Home Sites $95,000 - $325,000
Click here to a view a PowerPoint slideshow about the development.
Click here to view a "Hot List" of properties in phase one.
Click here to view pictures from our recent trip to the development site.

Nestled comfortably in the exquisite mountains of western North Carolina, this community provides an exceptional haven of tranquility and beauty.
Set amid mature forests, rippling streams and hidden waterfalls, it is only 39 miles from the picturesque city of Asheville, North Carolina.
Prices: $95,000 and up
Deposit: 10% down
Conference Call: Wednesday, February 28, 2007, 6:00 PM Pacific
To learn more, click here.
Beautiful Pre-Construction Homes
Montgomery, Texas (Houston Area)
from $136,000-$165,000 - Golf Course
from $320,000 - Waterfront

This lovely, deed restricted, gated community, comprised of 18 sections with a total of 4242 lots, is located on man made Lake Conroe, one hour north of downtown Houston.
The community is surrounded by the lake on all three sides, with a large variety of recreation activities available: boating, fishing, hunting, swimming, water skiing, jet skiing, boating etc.
Amenities:
A 56 hole golf course, marina and a yacht club. Luxurious hotels, condominiums, waterfront boat storage with valet launching, and upscale waterfront real estate developments are only a few attractions of the area.
Presently, appreciation in this neighborhood is running 10% to 12% a year. Only 10% of the homes are being sold to investors.
Prices:
$136,000 to $165,000- golf course lots and off golf course lots $320,000 entry level luxury waterfront turnkey homes.
Deposits:
5% to 10% depending on buyer's credit.
Conference Call:
Wednesday, January 24, 2007, 6:00 PM Pacific, 9:00 PM Eastern
To listen to the conference call, click here
To learn more, click here
*All numbers are based on past performance of comparable pre-development projects and are deemed reliable but not guaranteed.