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Many Trust land parcels are uniquely situated for residential and commercial use and are made available for those uses through annual lot sales, commercial and residential leasing and an ongoing residential and commercial subdivision program. Additionally, the TLO is beginning to generate income from commercial building rents. Finally, where it is in the best interest of the Trust to do so, the TLO enhances the value of the Trust's real estate portfolio through acquisitions and exchanges. While the TLO receives ongoing requests to purchase or lease Trust land, final sale and leasing decisions are made after a thorough review of circumstances affecting the property and the status of the real estate market in the area at the time of the request. In many cases Trust land will not be sold if further value enhancements can be made to the property before it is sold. |
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