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It's a conservative approach that is ...
It's a conservative approach that is the hallmark of David Hill, Cordillera Ranch's founder.
Hill built an enormously successful development company in the 1980s by focusing on low-leverage opportunities.
David's son, Charlie, now serves as chief financial officer at DH Investments and says his father learned to capitalize on the inevitable downturns in the market.
But when the landowners suggested they were going ahead regardless, Hill
reluctantly agreed to enter into a partnership.
Shovels hit dirt in 1997, and right from the beginning the project was different.
A development entity was formed, with the Hill family's DH Investment firm taking 50 percent and the original landowners the other 50 percent.
True to his
fiscal nature, David Hill
negotiated the deal without accruing any debt.
Charlie says this was essential to the viability of Cordillera Ranch
"A deal this size is going to ultimately be a 25- or 30-year development, and it's just not going to survive with any bank debt on it."
Without the pressure to achieve minimum revenues, the project was free to grow as the market demanded rather than what bankers wanted.
"We structured the agreement so that we acquire the land in small chunks from the landowner on a seller's note, which is then paid off when we sell lots," Hill
sales agents are encouraged to use this debt-free factoid in their pitches.
"I bet at least half of all prospects ask about our debt load," he
Johnson Ranch | Bulverde, Texas || Developer
DHI was established in 1983 by Tom Darmstadter Sr. and David Hill.
David Hill, President and Charlie Hill and Mike Schoenfeld, both Vice Presidents, all of DH Investment Company are the primary development team leaders.
David and Mike both have over 35 years of experience in the real estate development industry.
provides overall project direction and development strategy and participates in major entitlement negotiations.
Contact Information - Cordillera Ranch
David Hill - President, Cordillera Ranch Development Corp.
DH Investment Company (DHI) ...
DH Investment Company (DHI) was established in 1983 by David Hill and Tom Darmstadter to develop master-planned residential communities and commercial properties.
After nearly 40 years in the ...
After nearly 40 years in the real estate business in Texas, Cordillera Ranch Development President, David Hill, is emphatic in saying, "In Texas, whether you're a lawyer, a carpenter, a jeweler, a real estate developer or just about any other trade, we're really all in the energy business, for better or worse.