DALLAS, TX (March 5, 2014) — Michael Abbott and Casey Paulson, two of the nation’s most valued executives and developers of luxury resorts and private clubs, have partnered with Dallas-based Lantern Asset Management, a leading full-service real estate asset management firm, to form Beacon Land Development.
Beacon will specialize in creating and operating luxury private clubs and residential communities in North America with a focus on fiscal accountability and long-term sustainability. Offering a distinguished and real-value opportunity for business partners and associates, Beacon will build upon the world-class resort reputation and luxury lifestyle ingenuity that Abbott and Paulson have delivered for decades. Most of all, Beacon will craft an unrivaled and engaging experience for property owners and members.
“It is important that we create terrific long-term visions for our projects, but it is equally as important that we execute those visions properly,” said Abbott, former Vice President of Operations for Discovery Land Company. “We want our communities and clubs to be as good – or perhaps better – 10 years from now as they are the very first day.”
With a combined 50 years of experience, Abbott and Paulson earned their bones in the industry by creating new paradigms for service, member experience and lifestyle. Among the properties with which they have been affiliated are some of North America’s most distinguished private clubs and resorts, including: Vaquero Club and Four Seasons Resort and Club, Las Colinas in Texas; Pinehurst Resort in North Carolina; Hideaway and Madison Club in California; Kukio and Four Seasons Hualalai in Hawaii; and El Dorado Golf & Beach Club and Diamante in Mexico.
As mentioned, Abbott’s and Paulson’s partnership with Lantern is founded on the dedication to financial sustainability. Lantern Asset Management fortifies this commitment with the financial strength, discipline and capabilities to ensure long-term success and financial viability. In recent years, Lantern has ignited the industry with a proven track record in private equity real estate investment and management with an impressive portfolio that includes The Residences at Kapalua Bay in Maui, Hawaii, Elara in Las Vegas, Nevada, and Sunrise Lodge in Park City, Utah.
“This is an exciting new partnership for us, and teaming with industry experts such as Michael and Casey, with their extraordinary experience, is remarkable,” said Andy Mitchell, President of Lantern Asset Management. “It is a great fit for Lantern because they are committed to operational discipline, financial responsibility and they put the needs and interests of the members, products and business first. This is the beginning of what I believe to be a successful platform for future developments, and we are really looking forward to the potential of this partnership.”
For information about Beacon Land Development visit www.beaconld.com. For information on Lantern Asset Management, visit www.lanternam.com.
About Beacon Land Development
Beacon Land Development was founded by principals Michael Abbott and Casey Paulson, who enjoy more than 20 years’ experience of innovation and leadership in the luxury resort and private club industry. In partnership with Lantern Asset Management, Beacon Land Development offers clients a team of seasoned experts across all applicable disciplines who understand the balance between expectations of quality products, exceptional customer service and real-world economics. Their goal is to create highly sought-after properties which enrich the lives of their residents and members while creating financial success and long-term sustainability for investors and partners. To learn more, visit www.beaconld.com.
PRESS RELEASE SOURCE: Beacon Land Development