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Ted Stone and Jeff Blackard, principals of BlackStone Capital Advisors and BlackStone Communities, discuss the current real estate market downturn and its effect on land development projects. Drawing from their 40+ years of experience, Stone and Blackard analyze and discuss how recent extraordinary mortgage rate increases have negatively impacted potential homebuyers and single-family land development projects. They utilize decades of experience with land development projects to offer creative and targeted solutions to resolve the broken capital structures of land development projects: • Why this market disruption parallels historical downturns • How lack of experience with severe market downturns among many current market participants compounds resolution processes and solutions • Historically successful strategies to resolve broken business plans and capital structures resulting from marketplace disruptions • Why a quick recovery isn't realistic and what that means for housing developments Blackstone Capital Advisors: where decades of successful judgment deliver results when they matter most. CONTACT INFO: Ted Stone (214) 564-9000 www.blackstoneadvisory.co