A RECENTLY CONDUCTED “MARKET RESEARCH AND ANALYSIS” report indicated that the composition, strength, and projected demand for lodging accommodations in Durham, North Carolina, were sufficient to support a “Hilton Garden Inn and Conference Center” which was in the planning by the recent owners.

The recent Market Area Analysis reported as follows:

KNOWN as the CITY OF MEDICINE USA, Durham offers a wide spectrum of medical facilities, services and personnel. Indeed, nearly one in three workers in the labor force works in a health or medical related industry. Attracted by the influence of the major medical centers, the Duke University School of Medicine, the ongoing medical research, and the growing clinical opportunities, medical doctors are plentiful. In fact, today Durham County has one of the nation’s top five concentrations of physicians per capita.
The world-renowned Research Triangle Park encompasses 7,000 acres of North Carolina pine forest. It is home to more than 138 companies that employ over 40,000 workers in a variety of industries. The combined annual salary in RTP amount to over $2.7 billion dollars. One of the many products created from innovative research is AstroTurf and its numerous outdoor applications.

THE RESEARCH TRIANGLE PARK is bordered by three universities. North Carolina Central University, which is consistently ranked among the nation’s top universities. Duke University is ranked in the nation’s top 10 universities and its medical center as one of America’s top healthcare providers. North Carolina State University is ranked sixth in the nation’s technology strength patents, seventh among national research universities in industry-funded research, and twelfth in non federally funded research. NC State is a recognized leader in science and technology. Leaders around the world have ranked Durham No.2 in the United States in the number of major international facility investments. Since the year 2000, Durham has had 18 major international relocations and expansions.

Site and Area

THIS PUBLIC AUCTION OFFERS YOU, THE INTELLIGENT INVESTOR: A fantastic opportunity to purchase a total package of 10 acres of valuable land consisting of a combination of three (3) separate properties being offered as one (1). The site is approximately one half mile south of North Carolina Route 147, the downtown Durham East-West expressway. Located in very close proximity of the North Carolina Central University Law School. The site is also only eight (8) miles north of Interstate Hwy 40, and just east of NC Route 55.

Supply and Demand Analysis

OCCUPANCY DEMAND FOR THE DURHAM MARKET AREA is growing at an average of 3.4% per year from 2003. During the first seven months of 2006, the growth rate has been at 7.3% to 73.1%. The Competitive Market Set shows growth from 2002 to 2003 of 6.7% in Occupancy. Research Comparative Trend Report. Growth was impressive from 2004 to 2005 with an increase in Occupancy from 61.3% to 66.4% of 8.2%. For the first seven months of 2006, Occupancy in the market set is up 10.2% at 73.4%.

THIS RECENTLY CONDUCTED “MARKET RESEARCH AND ANALYSIS” REPORT SIMPLY PROVES “THE CITY OF DURHAM” IS GROWING.
WHEN A CITY CONTINUES TO GROW!!
DEMAND FOR LAND CONTINUES TO GROW!!

An old friend of mine passed away just a few years ago.
Although he only had a formal grammar school education, he was reported to be
worth around 24 million dollars at the time he passed on.

I will never forget his most favorite advice which was real simple. I QUOTE:
“Always buy land, because someday it will get in someone’s way.”

QUESTION IS: HOW CAN YOU ARGUE WITH A PERSON WHO IS WORTH 24 MILLION DOLLARS,
AND HAD NEVER ATTENDED HIGH SCHOOL?