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Ryland Picks Up Prime Shelter Dirt for 26 Cents per SF

ORLANDO-The 34-year-old Columbia, MD-based residential developer paid Daryl M. Carter, Trustee and his investors $1.65 million cash for a 143-acre tract in Horizons West, just north of Walt Disney World.

By Alex Finkelstein | Updated on January 03, 2002

ORLANDO-Buying low and selling high continues to be the conventional road to riches for Ryland Group Inc. The Columbia, MD-based residential developer paid Daryl M. Carter, Trustee of Orlando and his investors $1.65 million cash or 26 cents per sf for a 143-acre tract in Horizons West, just north of Walt Disney World.

Ryland plans to build single-family and multifamily product in the Village of Bridgewater, just east of Vineland Road (Country Road 535). Disney is one of the core supporters of Horizons West, a planned new town community for 40,000 residents over the next 20 years.

Daryl M. Carter of Maury L. Carter & Associates Inc. represented the seller. Jim Karr of Land Plus Inc. negotiated for 34-year-old Ryland which is headed by R. Chad Dreier, chairman/president/CEO. Ryland is annually ranked among the top 10 homebuilders in the United States, according to industry trade publications.

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