During this six year period Myers Financial Group acquired 4 land parcels for $6.7 million, which sold for over $32 million.  Average holding period was 5.1 years.  Average ANNUAL PROPERTY APPRECIATION was 94%.

During this period Myers Financial Group also assembled a $225 million land portfolio in Riverside County, California, consisting of 11 properties, for a Japanese client.  In 1990 the real estate market in California, began to severely decline.  The decision was made not to proceed with the purchase of this portfolio.

As a result of the substantial decline in real estate activity in California, which began in the early 90's, and in many other markets, neither The Myers Group or Myers Financial Group were actively engaged in the acquisition of new properties from 1991 through 1994.

During this period, The Myers Group continued the management of its properties.  Processing and receiving governmental entitlements for future development maximizing the values of its properties. The Myers Group received entitlements for hundreds of low cost entry-level, single family, residential lots throughout southern California, which are now being developed.

Additionally, after receiving entitlements, The Myers Group sold a number of mapped properties in northern California to major builders for very substantial profits.