Residential: 16 homes
|Development Manager:||LaTerra Development, LLC|
LaTerra Development bought the partially completed property as a distressed REO asset from the project construction lender. The property consisted of 16 newly built two story townhomes.
LaTerra Development undertook management of the project completion as well as the processing and recording of the final map, DRE and FHA approvals. LaTerra Development fully leased and managed the property, and later sold the project as rental multifamily property to a private investor.