Transforming Vacant Land Into Profitable Real Estate

Turning vacant land into income-generating real estate is now a nationwide priority. Federal and state programs are investing millions in brownfield remediation, adaptive reuse of obsolete buildings, and incentives for commercial-to-residential conversions. From Connecticut’s $20 million remediation fund, set to add 1,392 housing units (source), to California’s plan to unlock 23 state-owned parcels for new housing (source), underutilized land is being transformed faster than ever. In the Midwest—across Missouri, Illinois, Indiana, Iowa, Wisconsin, and Kentucky—investors are actively embracing these shifts. Westmore Group is proud to be a trusted, full-cycle partner in commercial property development, helping clients turn overlooked lots into long-term value.

The Art of Turning Land Into Opportunity

Vacant land may seem empty, but beneath it lies incredible potential. At Westmore Group, we specialize in uncovering that hidden value, transforming raw plots into thriving, profitable properties. Our approach is data-driven, ensuring every project is carefully planned and executed.

How We Find the Right Ground

Before we break ground, we analyze everything that could influence the project’s success:

• Population growth and shifting demographics
• Traffic patterns and ease of access
• Zoning regulations and local incentives

This strategic groundwork is part of the broader trend of public investments reshaping urban areas.

Making Plans into Reality

When we find the right piece of land, the next step is making sure it’s ready for development. Our thorough assessment includes:

• Environmental Testing: To clear any contamination concerns.
• Soil Testing: To ensure the land is suitable for construction.
• Utility Capacity Checks: To verify long-term viability and sustainability.

Why Investment-Grade Properties Stand Out

Transforming land into buildings is just the beginning. What truly drives long-term value is the tenant mix. Westmore Group specializes in single-tenant net lease (STNL) properties backed by nationally recognized brands in retail, medical practices, and logistics. These properties offer investors stable, predictable income with minimal responsibility.

Why STNL Investments Make Sense

• Midwest STNL cap rates average around 5.5%, which is a solid spread over 10-year Treasury yields.
• Multi-tenant retail centers typically offer returns above 7%, but they come with higher risk and complexity.
• STNL properties offer the best of both worlds: low risk and reliable returns.

Key Features That Maximize Performance

Each property is handpicked and structured to ensure long-term financial success. Investors can expect:

• Prime Locations: Positioned in high-traffic areas with over 30,000 vehicles passing daily, ensuring constant exposure.
• Long-Term Leases: Most properties have secure, 10 to 20-year leases with built-in rent escalations of 2% per year.
• National Credit Tenants: All assets are leased to nationally recognized brands with strong credit ratings (BBB+ or higher).
• Passive Ownership: With triple-net leases, tenants are responsible for taxes, insurance, and maintenance, leaving investors with minimal management responsibility.

Excellence in Property Management

Having a great building is only half the battle. It takes ongoing oversight to truly protect and grow its value. At Westmore Group, our in-house property management team handles everything—from lease administration to maintenance coordination and IFRS-compliant reporting. This allows us to ensure everything runs smoothly while keeping your investment protected.

Why This Matters for Your Investment

• Reduced Risk: Minimize the chance of tenant defaults with proactive engagement.
• Higher Tenant Retention: By offering exceptional service, we help keep tenants happy and renew leases.
• Compliance: We ensure every property meets safety and environmental codes, providing peace of mind.

Our approach also leads to continuous improvement. The insights we gain from each managed property help refine our designs and strategies for future developments.

Regional Market Insights That Drive Success

Real estate is all about understanding local markets—and after four decades working across Missouri, Illinois, Indiana, Iowa, Wisconsin, and Kentucky, Westmore Group understands these areas inside and out.

Recent Policy Trends Influencing Strategy

• HUD’s 2023 guide highlights a growing wave of commercial-to-residential conversions. Read the HUD release.
• Massachusetts launched a 2024 initiative aimed at boosting downtown housing through adaptive reuse. See program details.
• Maryland is investing $50.8M to transform vacant structures into affordable housing in Baltimore. Explore the announcement.

Investor Tips to Maximize Your Returns

Maximizing your investment returns is all about strategy. At Westmore Group, we’ve developed proven methods to help you make the most of your investment. Here are a few tips to boost your IRR and ensure your dollars work harder:

Get Ahead with Off-Market Deals

Why wait for properties to hit the market? Secure off-market land early to lock in below-market prices. Getting in before properties become widely known gives you a competitive edge, saving money and setting the stage for strong growth.

Lock In Material Prices

Construction costs can be unpredictable. Protect your budget by using cost-plus general contractor agreements to lock in material prices. This way, you avoid unexpected price hikes, keeping your project on track financially.

Bundle Properties for Better Financing

Looking to reduce financing costs? Bundling assets for portfolio financing helps you take advantage of rate discounts. This lowers your overall cost of capital and boosts cash flow, maximizing returns on your investments.

Invest with Confidence

At Westmore Group, we don’t just build properties—we build lasting value. By using a strategic approach to land development and aligning our goals with yours, we turn underutilized land into profitable real estate that drives long-term growth. Connect and start planning your next investment with us today.