
Master-Planned Communities
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Donald Marr of Diversified Investment Group (DIG) has spent more than 25 years assisting clients with a wide range of real estate investments. As the president and CEO of DIG, Donald Marr has recently focused on national and international master-planned communities (MPCs).
MPCs go beyond typical subdivisions, comprising a variety of housing sizes and types, but they typically include amenities such as educational opportunities, shopping centers, and employment centers. The best MPCs are sustainable and have flexible, environmentally friendly master plans. Ultimately, the purpose of these communities is to provide members with a sense of cohesiveness.
Because MPCs are self-contained, residents have convenient access to shopping, entertainment, and dining. These neighborhoods also have a high degree of security, usually with gated entrances and 24-hour patrols.
While there generally is a homeowner association fee, the tenants maintain their front and back yards. In the end, MPCs can be the hub of much social interaction and community involvement.