Land Division

Underwood Financial's land division has been active in land investments throughout the Metroplex, purchasing raw land, then zoning, packaging and repositioning it for sale and has become exceedingly efficient at this process. Underwood has consistently worked successfully with city governments, affecting changes in zoning and infrastructure that add value for investors and are in the best interest of the larger community.

For example, we list the following two examples of Underwood projects that validate that Underwood steps outside the ordinary basic retail center buildouts in order to create unique, sophisticated additions to the retail market genre but which actualize exceptional assets that benefit both the City and its residents in terms of attractive developments that benefit the residents far more than a basic strip shopping center.

Celina District created

Investors who participated by providing capital in this Celina District project received an ROI of 128%. Thus, an investor who put in $1 million into this investment in May of 2005 received a total of $2,284,005 by May of 2009.

A 672-acre tract was assembled north of SH 380 near the north Tollway extension in 2002–2003. After two years of planning, negotiating development agreements, and securing passage of state legislation forming a fresh water district, this tract was sold and is being developed as a master planned community.

For more information visit:
www.celinatowncenter.net

70-acre mixed use development in Anna, Texas

When Underwood bought this acreage in Anna in 2002, it was 30 acres of briars and bushes. It is now a 70-acre mixed use development located in the center of the City of Anna and is a dramatic asset for the city and its residents. The original land now is a 13-acre retail shopping center anchored by Brookshire's Grocery Stores top of the line 46,000 square foot store. The 70 acres also includes a fully developed 20-acre city park with a 5.5 acre hike and bike trail gifted by developer Underwood to the City of Anna. The park is a charming place to enjoy lunch across the bridge.

For more information visit:
www.annamarketcenter.com