Alico: Florida Land Value Realization
ALCOAlico(ALCO) Seeking Alpha·2024-08-28 19:42
Counter/DigitalVision via Getty Images As the population and jobs continue to flock to Florida, land is becoming increasingly scarce and valuable. Prologis (PLD) just paid $378 per foot for a teardown and rebuild in Miami-Dade County. Miami-Dade is the epicenter, but much of the state is experiencing similar trends directionally. Given the land scarcity, we have been looking at ways to increase exposure to Florida real estate and particularly Florida land. Alico (NASDAQ:ALCO) is arguably the cheapest wa ...