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

Property Image
SOLD
$65,140,000
MB
JB

Florida

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Development Site
Sold 12/22/2023
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Property Image
SOLD

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

Development Site
Sold 12/22/2023
MB
JB
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

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.

Players

JB
Josh Baumgarten
16 deals$866.2M volume
BUYER
JB
Josh Baumgarten
16 deals$866.2M volume
BUYER
MB
Matt Bray
3 deals$105.1M volume
SELLER

Details

SOLD
IMAGE: Josh Baumgarten & Matt Bray DATE: 12/22/2023 ADDRESS: Edison Avenue & Hammer Avenue MARKET: Ontario ASSET TYPE: Development Site ~ ACRES: 30 BUYER: TPG Angelo Gordon - Josh Baumgarten SELLER: Richland Communities - Matt Bray SALE PRICE: $65,140,000 NOTE: Richland Communities has sold a 30-acre development site in Ontario, Inland Empire, to TPG Angelo Gordon and Pulte Homes for $65.14 million. The proposed residential project includes 333 units, featuring townhomes and cluster lots.

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