Master-Planned Community a True Texas Hill Country Success Story
(BOERNE, Texas) – Cordillera Ranch’s Charles Hill has been named one of the best Chief Financial Officers in the region by the San Antonio Business Journal.
The news comes on the heels of a major financial milestone: the Clubs of Cordillera Ranch has retired all of its bank debt as of Sept. 1, following completion of more than $40 million in improvements over the past eight years, including an acclaimed Jack Nicklaus Signature Golf Course.
“We’ve taken a fiscally conservative approach in growing Cordillera Ranch, as this location, the vitality of the clubs and satisfaction of our residents is so important to us,” says Hill. “Our long-term plan prepared for, but didn’t rush growth, and we’ve not only weathered the economic storm – we’ve thrived.”
Cordillera Ranch has recorded double-digit net membership growth every year since 2008. In the past 12 months, real estate sales have climbed 39 percent over the previous period, with 35 new homes currently in construction and another 35 under architectural review. Over 1,100 lots and 600 memberships have been sold to date.
The Clubs of Cordillera Ranch also added a new 40,000 square-foot clubhouse in 2009 with amenities that include a full-service fitness center, spa services, four-pool aquatic complex, member private dining and outdoor activities. Initiation deposits were never reduced, giving the club resources to expand its offering.
Today, members at the Clubs of Cordillera Ranch enjoy an active lifestyle embodied by Texas Hill Country living through its seven on-property clubs: Golf, River, Rod & Gun, Equestrian, Social, Spa & Athletic, and Tennis & Swim.
“Charlie has demonstrated formidable financial acumen in overseeing the growth of Cordillera Ranch,” says David Hill, CEO of DH Investments, which developed Cordillera Ranch. “While other properties were over-leveraged, we devoted resources to delivering value and service without risking its long-term viability.”
This month, the community released three new sections of the property for custom-home development: the Di Lusso II private golf villa enclave near the clubhouse, one-to-two-acre lots at Bear’s Ridge overlooking the Jack Nicklaus Signature Golf Course, and half-to-three-acre lots at the Springs of Cordillera Ranch.
Hill is also the CFO of DH Investments, with a complete portfolio of developments in central Texas as well as commercial properties in East Texas and the Houston area. He joined the company in 2005, after serving as the assistant vice president of commercial real estate lending and homebuilder finance for Guaranty Bank in Dallas. All of DH Investments’ projects have returned a profit.
For more information: www.cordilleraranch.com, 888.66.RANCH.