Talk of The Villages Florida - View Single Post - Developer’s largest income stream
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Old 08-03-2024, 09:12 AM
Bill14564 Bill14564 is online now
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Quote:
Originally Posted by pauld315 View Post
Last I saw, they own over 7 million square feet of commercial property. Commercial property leases are their biggest source of revenue by far.
So some WAGs on numbers:

Commercial: 7,000,000sqft * $30/sqftyr = $200M/yr
Development: 3,000homes/yr * $400,000/home * 15%profit = $180M/yr

Using those guesses, commercial wins but certainly not "by far."
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