TPG Angelo Gordon And Pulte Homes Acquire 30-Acre Development Site In Ontario For $65.14M

Richland Communities has sold a 30-acre development site located at Edison Avenue & Hammer Avenue in Ontario, Inland Empire. The property was acquired by TPG Angelo Gordon and Pulte Homes for a total of $65.14 million. The site is planned for a residential project that will feature 333 units, including townhomes and cluster lots.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $65,140,000
• Address: Edison Avenue & Hammer Avenue
• Market: Ontario
• Asset Type: Development Site
• Acres: 30

The sale transaction involved TPG Angelo Gordon, represented by Josh Baumgarten, as the buyer. Richland Communities, represented by Matt Bray, acted as the seller in the deal.