Board House Villas - San Diego, California
Black Iron Development capitalizes on favorable macroeconomic trends and specializes in identifying emerging and flourishing markets
Historically, Black Iron Development has focused on the multifamily rental housing market in strategic Southern California markets and executed on trends that drive demand for its business model. Particularly, low homeownership rates fueled by increasing and exorbitantly high home prices create sustained upward pressure on monthly rents with severely constrained new housing creation. The insufficient supply of modernized apartments to meet rising demand for high-quality living conditions creates the optimal opportunity for Black Iron Development to modernize older apartment buildings in strategic neighborhoods.
Black Iron Development has now begun leveraging their existing relationships and region-specific leisure and housing market knowledge that the management team has accumulated over decades to pinpoint emerging markets internationally. This includes recognizing the development opportunity "Platinum Beach" on the island of Amergris Caye, Belize. Platinum Beach is a visionary development on 70 acres with over 1/2 mile of white sandy beaches. With a luxury branded hotel, spa, restaurants, entertainment, and over 200 branded residences all on waterfront lots, Platinum Beach has already captivated investors.