In March 2008, a group of investors consider buying 8,300 residential lots in 11 states from one of the largest construction companies in the U.S., priced at 10 cents on the dollar. The deal will also include the purchase of partially built condominium complex, as well as a significant mark down on the amount already invested. This case describes a residential real estate development and the role of land in residential construction. He describes the incident, leading to the housing crisis in 2008. The case is based on a real situation, but the company names and some details have been changed. "Hide
by Douglas Abbey, Chris Mahowald, Max Lamont Source: Stanford Graduate School of Business 27 pages. Publication Date: August 14, 2012. Prod. #: RE137-PDF-ENG
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