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Probate & ProPerty j May/June 2009 55 Current economic conditions create opportunities for investors to purchase undeveloped real estate and hold it for appreciation in a “landbanking” transaction. A “landbank” or “landbanking” transaction involves the purchase of undeveloped land by an investment syndicate for purposes of appreciation with the understanding that no development activities will be undertaken on the land. Although the structures of landbanking transactions can vary widely...