The seller of the 21.96-acre property was Foundation Capital Resources, a Springfield, Missouri-based provider of loans to churches and ministries.
Foundation Capital paid $2.47 million for the land in 2009, teaming up with Head Quarters Ministries, which is no longer active at the site, property records show.
No taxes were paid on the land until 2007, because it operated as a church. After that, levies began, Seminole property appraiser records show.
A representative for Foundation Capital did not return calls seeking comment, and Head Quarters Ministries could not be reached.
Picerne is largely known as a developer, builder, investor and manager of both affordable and market rate apartments. The company also builds military housing and single-family homes and manages office buildings, shopping centers and industrial properties.