Press Release - Immediate Release 4.6.17
FANNIN COUNTY, Tx. – Trident Lakes announced today that it has engaged finance industry leader Detwiler Fenton in a “placement agent and advisory services” agreement aimed at helping raise $200 million in capital.
“Upon completion of their due diligence and thorough vetting process, we are extremely proud that Detwiler Fenton has agreed to represent us to the capital markets,” said Trident Lakes’ CEO, Jim O’Connor. “Detwiler Fenton has been a valuable source of knowledge and guidance through the planning and early construction phases, and we look forward to working with them through completion of our dynamic project.”
Detwiler Fenton, the Boston-based financial services firm founded in 1962, will immediately begin the process of identifying capital partners for the continuing construction of Trident Lakes’ $330 million development in North Texas. The early development of Trident Lakes has been funded by a small group of private individuals.
Strong consumer response, fueled by international media attention, led Trident Lakes’ developers back to the drawing board in an effort to most efficiently and effectively design one of the world’s most innovative communities. With an original plan to build 400 Earth-sheltered condominiums, Trident Lakes currently has more than 1,000 names on its waiting list at TridentLakes.com and has accordingly expanded its design.
“A project of this magnitude poses a lot of complex engineering and capital challenges, and ours have been accelerated due to demand,” said O’Connor. “But now that we have completed most of our engineering and have a firm handle on costs, we can begin finding capital partners. We can now sharpen our focus on developing Trident Lakes into a world-class project that will cater to an untapped segment of the real-estate market.”
About Detwiler Fenton
Detwiler Fenton provides Institutional Research, Trading, Investment Management and Investment Banking services to select clients and institutions. With offices in Boston and New York City, our roots extend back to 1962. As the business evolved over the past half-century, our message has remained consistent: Knowledge Based Investing. We seek a differentiated understanding of our clients and capital markets. We conduct direct primary research and leverage proprietary analytic techniques, which we believe characterizes the tailored services we deliver.
We specialize in Investment Management, Investment Research, Alternative Investments, Private Placements, and Investment Banking.
About Trident Lakes
Trident Lakes will be one of the most secure and lavish master-planned resort communities in the world.
The project’s three construction phases will total approximately $330 million and will feature 500-plus Earth-sheltered, luxury residences highlighted by open views and access to the property’s white sand beaches and massive crystal-clear lagoons. The community will sit on 700 lush acres one hour northeast of Dallas-Fort Worth on Highway 56 between the towns of Savoy and Ector.
The development’s main entrance will feature – at 55,000-square feet - one of the largest fountains in the world.
Trident Lakes will also boast state-of-the-art security, safety and sustainability. Its upscale amenities will include a golf course, resort spa, 100-stall equestrian center, four miles of jogging/biking trails, five gun ranges, tennis courts, polo fields, indoor gym and world-class restaurants.