Investment Firm Makes $50M in Home-Lot AcquisitionsTuesday, January 29, 2013
Investment firm Isles Ranch Partners LLC recently completed $50 million in acquisitions in four Southern California residential building projects, including three in San Diego County.
Deals were closed with three different homebuilder partners, as part of a new investment partnership with TPG Credit Management LP of Minneapolis, according to a statement from the Newport Beach-based Isles Ranch Partners.
The deals include seven single-family lots at The Farms in Rancho Santa Fe, acquired in partnership with The Michael Group of Carlsbad; 31 lots at Greenhills Ranch in Lakeside, with The Michael Group; 63 lots at La Costa Town Square in Carlsbad, with Davidson Communities of Del Mar; and 46 lots at Sol in Palm Springs, with Family Development of Palm Desert.
— SDBJ Staff Report