Foreign LLC continues to acquire land in California critical to energy and national defense.
FAIRFIELD, Calif. (KGO) – The United States Air Force is investigating a company that’s purchased $800 million of land near Travis Air Force Base, one of the most critical military bases in the U.S. But after eight months of investigation, government officials have been unable to identify who’s behind it nor rule out any threat to national security.
Flannery LLC was founded 4 and 1/2 years ago and was registered to a Washington DC-based law firm.
There is no information about the actual ownership of this LLC. The previous Reddit thread from 4 years ago has some interesting tidbits of information that you may be interested in reading in addition to the new article.
https://www.reddit.com/r/Sacramento/comments/c96bkb/a_mysterious_corporation_has_quietly_bought/
What’s additionally interesting is that the land that they acquired around Travis Air Force Base will be bayfront property with future sea level increases of between 3 to 5 ft. NOAA has predicted the sea level increase will blow by that with a 7.2 ft average global sea level rise by 2100.
So either we have a secretive Chinese back shell company acquiring critical infrastructure and land for spying on American military assets, or a very optimistic wealthy investor with way too much money and is getting creative in what kind of investment schemes they park their money in.
The buyer is paying 2x the market rate for this land.
Mentioned below but:
2 billion for what is rapidly going to become bayfront property in one of the most expensive places in the country? That is still a steal. It is just that the evil unknown company beat them to the punch.
They’re 10 miles from the bay, so unless this is a really long term investment, I don’t think that’s it.