Stuart Miller Of Lennar And TPG AG EHC III Acquire Development Site In Homestead For $17.6M

The property asset involved in this transaction is a development site located at 15799 Southwest 278th Street, 15875 & 15821 Southwest 280th Street, and 27855 & 27800 Southwest 159th Avenue in the Homestead market. The sale price for the property was $17,600,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,600,000
• Buyer: Stuart Miller - Lennar; TPG AG EHC III (LEN) Multi State 1 LLC
• Seller: Jose Cardenal - Jadca Holdings LLC; Deborah Alvarez; Bryan & Christa Ingram; Elba Valdes & Jose R. Valdes; Dona S. Lapradd

Stuart Miller from Lennar, alongside TPG AG EHC III (LEN) Multi State 1 LLC, acquired multiple parcels in Miami-Dade, including contributions from sellers such as Jadca Holdings LLC for $7.5 million, Deborah Alvarez for $3.6 million, Bryan and Christa Ingram for $2.8 million, Elba and Jose Valdes for $1.9 million, and a trust for Dona S. Lapradd for $1.8 million. This acquisition aligns with Lennar’s plans for its Vivant West community, which aims for the development of 198 townhouses.