Assemblage.....the reverse subdivision
As land investors, we are familiar with the concept of subdividing as a way to add value to property. But what would happen if we did the reverse of a subdivision? This is a process known as assemblage. Just as the name implies, assemblage is when instead of separating land into smaller lots, you are bringing together, or assembling smaller lots into larger lots. This is a process best used when you have a particular buyer in mind that has plans for a future development. An example would be if you were to pick up three single-family residentially zoned lots, bring them together through an assemblage process, rezone the property for multifamily, and then either sell it to the developer or get the multifamily project entitled and sell the fully entitled project to a developer. You may not come across these opportunities often, but I bet you'll look at vacant single-family lots a bit differently now!
See our upcoming December newsletter where we discuss assemblages in more detail.
Learn more about the Entitle and Flip Monthly Newsletter here.
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