Monday, May 07, 2012
Beacon Asset Managers, LLC Announces Acquisition Of Creekside East Fruitland, Maryland
May 6, 2012 - Jacksonville FL - Beacon Asset Managers, LLC general partner and sponsor of the Lighthouse family of private equity funds, recently acquired Creekside East in Fruitland, Maryland (south Salisbury, Maryland). The community is located directly across the street from the Lighthouse Hunt Club subdivision that was acquired by Lighthouse Realty Fund, LP in December, 2011. As with the Hunt Club community, all lots located within the Creekside East subdivision are fully finished lots and immediately ready to build custom homes.
Creekside is a mix of duplex lots and single-family lots, some of which are located on a large pond with stunning waterfront views. Creekside and Hunt Club are located within walking distance of The University of Salisbury, a Super Walmart and other shopping, restaurants, banks, and the Peninsula Regional Medical Center, one of the top 100 hospitals in the country. These communities also are convenient to Business Route 13, the Salisbury ByPass, and the resort town of Ocean City, Maryland, Assateague Island, Chincoteague Island, and the Atlantic Ocean.
Managing Member and Project Manager Douglas Brown stated that the acquisition of Creekside and Hunt Club secured for Beacon investors all of the finished lots in the immediate area. Mr. Brown added that he is "excited to bring needed quality housing to the Fruitland, Maryland area and to have a positive impact on the local economy."
at 5/07/2012 08:30:00 PM