Sun Terra Communities
Sun Terra Communities is an experienced residential developer that makes land investments in the Florida marketplace through asset purchases, joint ventures, land banking and note purchases. We invest in finished lots, partially completed developments, and entitled land with target hold periods of up to eight years. Our target investment size ranges from $2 million to $20 million but our primary acquisition criteria are based upon superior locations.
Richard Jerman and John Kraynick, two residential developers with significant home building experience, lead Sun Terra. Their long-term understanding of the Florida market allows Sun Terra to make quick decisions about acquisition opportunities. Our company is funded by JEN Partners, LLC a New York based private equity real estate firm. This partnership allows us to have capital ready to close on transactions without additional approval.