DIX Developments Ends 2024 on a High Note with $10M Commercial Closing and Over $40M in Acquisitions
Deal News | Jan 16, 2025 | EIN
DIX Developments, a leading real estate development company based in Lake Mary, Florida, concluded 2024 with significant achievements, including the sale of a $10 million commercial property in Citrus County to CORTA Developments and over $40 million in acquisitions. The firm controls a diverse portfolio, including over 15,000 residential lots, 3,000 multifamily units, and 5 million square feet of commercial space. CEO James Dicks expressed optimism about the company's prospects, projecting $150 million in sales for 2025. DIX Developments is actively working on 41 projects across Florida, with plans to expand beyond the state in the coming year. The company is recognized for its strategic growth in the dynamic real estate market of Florida.
Sectors
- Real Estate
- Investment
Geography
- United States – The article focuses on DIX Developments, a company based in Lake Mary, Florida, and its activities are primarily within the United States, including specific references to Florida counties.
- Florida – The company operates extensively in Florida's real estate market, with numerous projects spread across various counties in the state.
Industry
- Real Estate – The article is centered on DIX Developments, a real estate development firm that is actively involved in residential, multifamily, and commercial real estate projects.
- Investment – The article discusses acquisitions and sales transactions, highlighting significant investments made by DIX Developments in the real estate sector.
Financials
- $10 million – The sale price of a commercial property sold by DIX Developments to CORTA Developments.
- $40 million – The total value of acquisitions made by DIX Developments over the year 2024.
- $150 million – The projected sales for DIX Developments in the year 2025 as announced by CEO James Dicks.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DIX Developments | Target Company | Company | A premier real estate development firm based in Lake Mary, Florida, specializing in residential, multifamily, and commercial real estate. |
| CORTA Developments | Buyer | Company | The company that acquired a $10 million commercial property from DIX Developments. |
| James Dicks | CEO | People | CEO of DIX Developments who is optimistic about the company's future growth and projected sales. |