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California  + Inland Empire  + Apartments  | 

D.R. Horton Buys Fully-Entitled Murrieta Development Site

D.R. Horton acquired Meadowlark, a 5.7-acre, fully-entitled, vacant site in Murrieta, CA that is planned for 83 townhomes. The seller was American Property Enterprises and Western Residential Opportunity Fund, LLC.

The attached, two-story townhomes range in size from 1,132 to 1,584 square feet, with two to four bedrooms. The southwestern Riverside County site was previously approved for 35 small detached homes, but was rezoned by the city.

Prices are expected to start in the low $300,000s, well within the FHA’s new $431,250 loan limit for Riverside County. The community is expected to be open for sale by early 2020.

The Hoffman Company’s Justin Esayian, who represented both sides, says, “The significance of this new community is that it speaks directly to the need for housing affordability in the Inland Empire. D.R. Horton saw this unique chance to provide entry-level housing options within an area of Murrieta that is dramatically changing.”

Connect Bay Area is coming up next week at the Grand Hyatt San Francisco. Get more information, and register to attend on this link.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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