Land Equity Partnership

You have the land.
We do the rest.

If you own a site in the Hamptons (vacant land, a teardown, or an underutilised property), Ledger & Stone can structure a joint venture that turns your asset into a landmark residence, without you lifting a finger.

The Process

How a Land Equity Partnership Works

From first conversation to final distribution, here's exactly what partnering with Ledger & Stone looks like.

01
Week 1–2

Site Evaluation

We assess your property: location, zoning, buildable area, comparable sales, and optimal program. We come back with a clear view on what the site can support and what it's worth in development.

02
Week 2–4

Term Sheet & Structure

We present a proposed joint venture structure covering your land equity contribution, the capital stack, preferred returns, profit split, and timeline. Everything is transparent and negotiated before any commitment is made.

03
Month 1–3

Legal & Closing

Attorneys for both parties formalise the operating agreement, LLC structure, and capital contributions. The project entity is formed and the land is transferred in exchange for your equity interest.

04
Month 3–6

Design & Permitting

Our architect team develops the program and plans. We handle every aspect of permitting, approvals, and municipal coordination. You don't need to manage any of this. We do.

05
Month 6–24

Construction

Our builder breaks ground. Ledger & Stone manages the full construction process: budget, schedule, quality control, and draw coordination with our senior lender. You receive regular updates throughout.

06
Month 18–24

Sale & Distribution

The finished residence is brought to market through our brokerage relationships. Upon sale, proceeds flow through the agreed waterfall: senior debt repaid, your capital returned with preferred return, then profit split as structured.

Your Position

What You Receive as a Land Partner

I
Land Equity Credit
Your land is valued and credited as equity into the project. You contribute the site, we contribute the capital, expertise, and execution.
II
Preferred Return
Before profits are split, you receive a preferred return on your equity. Your capital is protected and prioritised before any development profit is distributed.
III
Profit Participation
After preferred returns are paid, remaining profit is split between partners per the agreed waterfall. You participate in the full upside of the finished residence.
IV
Zero Execution Risk
Ledger & Stone manages every aspect of the project. You are not responsible for cost overruns, construction delays, or carry beyond what is agreed at closing.
V
Best-in-Class Team
Your site is developed by the same architects, builders, and designers who deliver the top of the Hamptons market. Every project is built to compete at the highest level.
VI
Brokerage Expertise
Our deep brokerage relationships mean your finished home reaches the right buyers. We don't just build. We sell, and we know the Hamptons buyer better than anyone.

Example Scenario

Illustrative Economics

Every project is different. The numbers below are illustrative only, based on a typical Hamptons land equity partnership structured at current market levels.

Project Capitalisation
Land Value (your contribution)$4,000,000
Senior Construction Debt$8,500,000
Additional Equity Capital$2,000,000
Total Project Cost$14,500,000
Target Sale Price$20,000,000
Land Partner Distribution
Return of Land Equity$4,000,000
Preferred Return (8% p.a.)$640,000
Profit Participation (50%)$1,480,000
Your Total Return$6,120,000

Illustrative only. Actual returns depend on sale price, costs, timeline, and agreed structure. Not a guarantee of performance.

Start the Conversation

Tell Us About Your Site

If you own land in the Hamptons and want to understand what a partnership could look like for your specific situation, reach out. No obligation, just a conversation.

info@ledgerandstone.com
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