Fenway Properties - Proven Track Record

company overview

	management team
	proven track record

philanthropy/sponsorships

	2008 Baja Challenge photos
	2007 Baja Challenge photos

Fenway Properties’ efficient and creative structure, combined with the experience of our management team, has ensured the ability to deliver consistently attractive returns for private and institutional investors.

Property/Location

Investment Summary

Return

Wildomar, CA – 18 Lot Subdivision

»	Purchased July, 1998 for $175,000.
»	Sold with entitlements June, 2001 for $650,000.
»	Entitlement and carry cost $150,000.

»	± 50% per year

Wildomar, CA - 91 Lot Subdivision

»	Purchased November, 1998 for $840,000.
»	Sold with entitlements on 51 acres June, 2003 for $3,810,000.
»	Entitlement and carry costs $340,000.
»	4 home-build sites donated to charitable group with conservation easement value of $1,000,000.

»	± 30% per year
»	Total tax credit: $2,050,000.

Temecula, CA - 34 Lot Subdivision

»	Purchased February, 2000 for $260,000.
»	Sold with entitlements March, 2002 for $750,000.
»	Entitlement and carry costs ± $250,000.

»	± 45% per year

Murrieta, CA - 55 Lot Subdivision

»	Purchased August, 2000 for $645,000.
»	Sold with Final Map for 55 lots January, 2003 for $2,725,000.
»	Entitlement and carry costs (exclusive of loan) $400,000.

»	± 50% per year

Wildomar, CA - 39 Lot Subdivision

»	Purchased January, 2001 for $450,000.
»	Sold with entitlements October, 2002 for $1,200,000.
»	Entitlement and carry costs ± $250,000.

»	± 35% per year

Murrieta, CA - 14 Lot Subdivision

»	Purchased January, 2003 for $310,000.
»	Sold January, 2004 for $700,000.
»	Entitlement and carry costs $40,000.

»	Profit of 100% per year.

1645-1649 Capalina Road, San Marcos, CA

»	Eight-office Condominium Project.
»	Purchased August, 2003 for $980,000.
»	Sold September, 2005 for $2,810,000.

»	Profit of 106% over 25 months.

10178-10180 Willow Creek Road
San Diego, CA

»	Purchased September, 2003, for $2,200,000.
»	Sold March, 2005 for $4,180,000.

»	97% return on investment in 18 months