While the media continues to successfully scare many buyers away... or, at a minimum, encourage fence sitting. Large investors are building land portfolios in markets that are glutted with inventory. While some sellers are cash strapped, opportunists are scooping in to buy land at a discount. Their intent is to sit on the land until the market corrects itself.

And so begins the new land grab

Agents involved in such deals are keeping a tight lip on this phenomena, acting as strawmen to purchase properties which have a great upside in the not-so distant future. CNN's article "The New Land Grab" explains how certain groups are targeting areas for major puchasing... citing "Last year Apollo raised a $700 million Real Estate Opportunities fund that it has used to buy land in Arizona." Florida, Colorado and California are other hot spots for hedge fund and private equity groups that sees today's climate as ideal for major purchasing.

If you would like to explore Arizona's investment potential, go to www.azvest.com.