Air Rights & Easement Rights
The Hummingbird Project is a must watch for any real estate pro who wants to fully understand the value of air, water and easement rights. The movie is a true story of a high frequency trading projects to go from Kansas to The NY Stock Exchange, 2 hedge funds trying to race to front-trade the markets.
One funder paid to build a radar repeater to send signals - by building towers and buying air rights. The other dug a tunnel with fiber optic lines, and had to buy easement rights in a perfectly straight path across the country, each front yard owner had to be paid for the land rights.
The hardest part of a real estate project is the assemblage and this one was of epic proportion! Watch it and learn.