Peet is a pure-play residential developer. Co. acquires, develops and markets residential land, primarily under a funds management model. Co. operates in three business segments: the Funds Management segment, which enters into asset and funds management agreements with external capital providers and derive fees from underwriting, capital raising and asset identification services; the Company-owned Projects segment, in which Co. acquires parcels of land in Australia, primarily for residential development purposes; as well as the Joint Ventures segment, which consists of joint arrangements are entered with government, statutory authorities and private landowners.
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