RENO LAND DEVeLOPMENT COMPANY
Rancharrah A legendary opportunity right in the heart of Reno
Rancharrah is situated in a prime Reno in-fill location and includes a 30,000 sq. ft. mansion, 52,000 sq. ft. Rancharrah is a 141 acre Master Planned Community consisting of: climate-controlled equestrian center, 8,000 sq. ft. studio, gate house, beautifully landscaped grounds and additional 117 acres fully entitled for 691 residential units. infrastructure with all utilities available onsite. With its central proximity, builder friendly topography and existing infrastructure, Rancharrah is the most desirable in-fill development in Reno. The project is fully approved and all 117 residential acres are ready for development. 11.8 acres fully entitled for office/medical/retail use 12.3 acres fully entitled for office/commercial use
395 SPARKS 80 80 RENO Convenient in-fill location situated less than five miles from downtown Reno, and offers easy access to I-580 and McCarran Blvd. Tru ckee 580 S McCarran Blvd. 659 Rive r
Rooted in History
Norman Blitz, the Duke of Nevada, originally owned Rancharrah, which was later sold to gaming magnate and founder of Harrah s Casino, Bill Harrah, in 1957. Over the years, this magnificent estate has hosted presidents, notable dignitaries and some of the biggest names in entertainment.
Market Overview
Influx of major employers brings massive growth to the region. In September 2014, Tesla Motors, Inc. announced Reno, NV as its location to build a new $5 billion, 10m sq. ft. battery gigafactory. Tesla is expected to generate over $100 billion of economic growth in Nevada over the next 20 years. Switch announced on January 15, 2015 that it will build a 3.5m sq. ft. data storage center, and according to Storey County, Switch is now in discussions on an additional 8m sq. ft. Telsa has since pulled permits to build 24m sq. ft. and purchased an additional 2,000 acres on July 20, 2015. The factory is currently under construction in the Tahoe Reno Industrial Complex (TRIC). TRIC will have a substantial impact on the Reno/Sparks MSA. Companies from Silicon Valley and across the U.S. are following Tesla and Supernap s lead. 42 companies have relocated or announced plans for relocation or new facilities in Reno since 2014.
Demand
9,000 new residential units will need to be built each year over the next five years to meet the unprecedented demand for new homes in Northern Nevada. The Economic Development Authority of Western Nevada (EDAWN) is projecting that by 2020 Reno will have: 9,000 per year for 5 years
Investment Highlights
The time to invest is now. Unanimous approval from the City of Reno Planning Commission, City Council and Regional Planning Increased demand for single-family housing Perfect property in a convenient infill location Experienced and seasoned management team Attracting major company headquarter relocations Significant expected job and population growth
Village Offerings
RANCHARRAH Illustrative Land Plan This historically significant property will include seven residential Villages along with commercial and retail opportunities. Villages will range from urban residential to estate-style lots. Section Villages 1 & 2 Village 3 Village 4 Village 5 Village 6 Village 7 Events Center Equestrian Center 2I FH 0HGLFDO 5HWDLO &RPPHUFLDO Land Use SF SF COTT COTT SF UR 20 RC Acreage 19.9 14.4 3.4 5.5 20.8 14.6 14.5 17.4 11.6 12.3 Units* 64 48 20 20 123 310-1RWH 7KH QXPEHU RI ORWV PD\ EH LQFUHDVHG EDVHG RQ QDO ODQG SODQ
The Development Team Reno Land Development Company (RLDC)
Reno Land Development Company is led by a group of experienced real estate developers and entrepreneurs. The Principals have successfully undertaken 30+ residential, multi-family, commercial and industrial development projects totaling over 5,000 lots, homes, and apartments, as well as four million square feet of commercial and industrial developments located in Western Nevada, Northern California and Idaho.
Chip Bowlby Thomas Merschel Bowlby s expertise is in financing, land acquisition, product design, product re-positioning, and marketing of residential projects. Previously served as the Director of Sales, Marketing, Land Acquisition and Product Development for New Cities Development Group, a large residential real estate developer. Bowlby also was President of Bowlby and Company, Inc., and was the Regional Vice President of Property Management Operations and Acquisition for a national single-family and multi-residential builder. Currently based in Reno, Nevada. Merschel s expertise is in the financing, land acquisition, entitlement processing (e.g., zoning, CEQA, mapping, development agreements, assessment districts, Federal and State biological permitting) and civil design for residential and commercial projects. Previously Merschel served as the Director of Forward Planning and Development for New Cities Development Group. Prior to joining NCDG, Merschel was the Director of Finance and Planning for a large single-family and multi-residential builder (Delco Builders) located in the San Francisco Bay Area. Before his tenure at Delco, Merschel was a Vice President loan officer for Security Pacific National Bank ( SPNB ), responsible for a significant loan portfolio consisting of major office and residential projects. Merschel began his career with SPNB as a construction inspector and headed the bank s Northern California construction services department. Merschel earned a Bachelor of Science degree in finance from San Diego State University. Currently based in Monterey, CA.
Lee Newell Chuck Reeves Formed New Cities Land Company, Inc. ( New Cities ), based in Monterey, California, in 1984. New Cities has historically operated in Northern and Central California; however, it expanded into Reno, Nevada, in 1998, Phoenix, Arizona, in 1999, and Tampa, Florida in 2003. New Cities entered into new single-family development transactions with institutional joint venture partners in a series of single asset entities. After 1998, New Cities concentrated its business activities in land use entitlements, multi-family residential developments, and in commercial investment grade properties. New Cities acted as the managing general partner or managing member in all of its ventures. Sole owner of New Cities, Newell has been in the real estate development business for 35 years and has developed over 1.2 billion dollars of real estate. Graduated from the University of California, Los Angeles in 1970 and received a J.D. Degree from the University of San Francisco School of Law in 1975, followed by an L.L.M. Masters in Taxation Degree from the New York University School of Law, Graduate Division in 1977. Reeves has been in the real estate development and golf business for over 25 years, developing high-end golf communities throughout the United States. Graduated from the University of Colorado School of Law in 1979 and began his development career with Jack Nicklaus Development Company (JNDC). Over the next seven years, JNDC developed 5 high-end, gated golf communities. Reeves initially managed site selection and feasibility analysis and then managed the day-to-day development of Wynstone in suburban Chicago, the most successful Nicklaus community to date. Reeves then consulted on a variety of golf community projects. In 1997, formed the Michael Jordan Golf Company with basketball star Michael Jordan. The company owned and operated a golf practice center and 3 retail stores in Chicago. Reeves then became a partner in Pasadera, a gated community with a Jack Nicklaus signature golf course. After Pasadera, Reeves assisted the Nicklaus organization in a variety of real estate endeavors, and most recently developed The Idaho Club with partners Chip Bowlby and Tom Merschel.
Bradford Smith Brett Bates Sherry A. Wagner Seasoned real estate developer with 40 years of hands on experience in development design, county and city approvals, land sales, on/off-site pro forma, budgets, contracting and construction management throughout Northern and Southern California. Smith s vast knowledge and multifaceted experience has proven to be invaluable to four prominent developers, including Signature Homes (division of Stuard Industries), Donald Bren Company, Barratt Irvine and American National Housing Corporation, where he held an executive position and was directly responsible for the bottom line. Smith holds a State of California General Building Contractor s License and a State of Nevada General Building Contractor s License. Attended University of California at Irvine with Construction and Construction Management as his major. Over 15 years experience in the construction and real estate development industry, and has been a licensed CPA for 25 years. Mr. Bates has worked in the defense industry with top secret FBI clearances and as a Finance and Tax Director for a Fortune 500 company. Licensed general contractor in the State of Nevada and has been the President and Owner of multiple businesses, including a construction and real estate development company, mortgage brokerage, real estate brokerage, and six manufactured housing dealerships throughout Northern Nevada and California. Bates attended the University of Nevada, Reno where he obtained a BS degree in Business Administration and an MBA with an emphasis in finance. Previously the Vice President of Operations for Monterey Development Group, and responsible for entity formations, corporate insurance programs, human resources, and company systems. As a Senior Manager of Monterey Advisory Group, Wagner was responsible for conducting reviews of developer s accounting systems, performing job cost audits, reviewing draw requests, and managing the disbursement control procedures for clients troubled projects. Previously, Wagner owned Wagner Business Services, a company that provided consulting services in the areas of accounting systems, asset management, business planning, and investor relations. Wagner was also the Operations Manager for a securities investment company, and an Associate Director for a large title company.
RENO LAND DEVeLOPMENT COMPANY RenoLandDev.com RenoLandDev.com Information included in this document has been obtained from sources believed reliable. This information is assumed correct and has not been confirmed. Any projections or estimates have been provided as example only and do not represent the current or future performance of this property and the Reno market as a whole. 2015 Reno Land Development Company, Inc.