AV Homes, JEN Partners Buy 527 Acres at Eastmark

by Benzinga Staff
November 27, 2012 5:29 PM | 27 seconds read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Scottsdale-based AVHomes, Inc. (Nasdaq: AVHI) and JEN Partners, LLC, a New York City-basedresidential investment company, through a newly formed entity, acquired527-acres at Eastmark, DMB Associates' newest large-scale integrated communityin Mesa. AV Homes' investment was $18.6 million; JEN Partners investment was$13.6 million.      AV Homes will control 310 acres on which it plans to build approximately 1,000homes under its Vitalia active adult brand. JEN Partners plans to develop theremaining 217-acre into a gated executive club community where it will sellapproximately 550 developed home sites to a select group of luxury homebuilders.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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