Morton Ranch and Spring Cypress
Morton Cypress, Texas
K&S Morton Cypress I, LP - 2006
Project Currently Under Development
Partners
Edward Kalikow
David Wallace & Costa Bajjali
Bank
First Continental $2,891,000 (Morton Ranch, Acquisition & Development Loan)
First Continental $12,856,000 (Spring Cypress, Acquisition & Development Loan)
Property Information
Acquire 99.99% partnership interests in two projects, Morton Ranch and Spring Cypress, for the development of approximately 455 residential building lots in the Houston area. The builder for Morton Range is Saratoga Homes and the builder for Spring Cypress is Meritage Homes.
Equity Raised
$3,200,000
Press Release
March 15, 2007 - Perry Properties to Begin Development on Cypress Trails in Northwest Houston



