Disclosure: Rose Law Group represents SLM Land Holdings
Firm is buying up land with long-term development potential
By Corina Vanek | Phoenix Business Journal
The group bought 121 acres near downtown Tonopah, south of Interstate 10, and have 12 investors included on the purchase, Verma-Lallian said. The purchase price was about $8,700 per acre for the parcel, which is near Interstate 10 and 411th Avenue. The group bought its first parcel, 120 acres near 339th Avenue and Interstate 10, in May.
Verma-Lallian has extensive experience in land investment through her family’s company, Vermaland, but the new venture is not affiliated with Vermaland. Sahai is an attorney, and Mehta is a physician.