Wed, 23/01/2013 - 10:27
Alternative investment management firm Isles Ranch Partners has completed four real estate acquisitions within Southern California including Rancho Santa Fe, Carlsbad, Lakeside and Palm Springs.
These acquisitions, totalling approximately USD50m of committed capital, were closed through a partnership between Isles Ranch Partners and TPG Credit Management, a global special situations investment organisation. The four acquisitions were closed with three different homebuilding operating partners.
"We are pleased to formally announce the launch of Isles Ranch Partners, along with our strategic partnership with TPG Credit Management on the heels of these four exciting real estate acquisitions across Southern California," says Tom Orradre (pictured), founder and managing partner of Isles Ranch Partners. "We are confident that our long-term focus on residential acquisition, development and construction, coupled with our strong operating partner relationships, enables us to create significant value for our investors and strategic partners."
“We are excited to continue to express our conviction about targeted residential real estate opportunities and are confident we have found a strong partner in Isles Ranch to further expand our presence in residential acquisition, development and construction,” says Kevin Hackler, head of TPG Credit’s US private investment business.
The four deals closed by the partnership are:
• The Farms in Ranch Santa Fe – The Michael Group: Acquisition in partnership with The Michael Group of seven substantially finished single-family lots at The Farms in Rancho Santa Fe, California.
• Greenhills Ranch – The Michael Group: Acquisition in partnership with The Michael Group of 31 fully and partially finished single-family lots at Greenhills Ranch in Lakeside, California.
• La Costa Town Square – Davidson Communities: Acquisition in partnership with Davidson Communities of 63 single-family lots at La Costa Town Square in Carlsbad, California.
• Sōl - Palm Springs – Family Development: Acquisition in partnership with Family Development of 46 undeveloped single-family lots at Sōl - Palm Springs in Palm Springs, California.
Mon 30/11/2015 - 09:17
Fri 27/11/2015 - 09:20
Thu 26/11/2015 - 15:11
Mon 23/11/2015 - 09:18
Mon 30/11/2015 - 14:55
Mon 30/11/2015 - 09:26
Mon, 30/Nov/2015 - 14:58
Mon, 30/Nov/2015 - 14:54
Mon, 30/Nov/2015 - 10:42
Mon, 30/Nov/2015 - 09:28
Mon, 30/Nov/2015 - 09:28
Mon, 30/Nov/2015 - 09:17