Big Creek Lodge in North Carolina
Profile
A 48 acre parcel of land completely surrounded by the Pisgah National Forest located outside of Asheville, North Carolina. As an equity investor in this project, GDR and its partners will develop a resort environment that focuses on the activities attendant to the National Forest, which include mountain biking, hiking, fly fishing, canoeing, horseback riding and camping.
Transaction Date
May, 2005
Principal amount invested
$1,100,000
GDR equity ownership
40%
Term
Anticipated development period of 24 months
Projected Return
$1,625,000
