INVESTOR MAKES $26,000,000 IN MARICOPA

  • In 2006 JNAN LLC sold RANCHO MIRAGE (Section 29, 640ac)  to SHEA HOMES for about $35,000,000 (actual price undisclosed)
  • On Jan 5, 2006 – after the crash – JNAN bought back the unbuilt portion (about half – approx 300ac) in 2008 for $4,050,000
  • On February 2, 2022 JNAN LLC sold what was left of RANCHO MIRAGE to MERITAGE for $30,100,000
  • Nice work if you can get it
2022-013339
2022-013339