KALIKOW GROUP INVESTS IN 610-ACRE DEVELOPMENT PROJECT

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SAN ANTONIO — The Kalikow Group, on behalf of KEP Luckey Ranch Global LP, is investing in a joint venture to develop a master-planned community in the San Antonio area. Luckey Ranch Global Associates Joint Venture owns 610 acres of land located at the intersection of Loop 1604N and Highway 90 in the city’s Donut Hole area. The joint venture plans to develop 71 of those acres for commercial use, along with 2,400 single-family homes. Last year, approximately 50 percent of new home development and 30 percent of new retail development in San Antonio took place in the Donut Hole area. The development timetable for the project was not released.

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