Final Single-Family Lots Sell in Braverde MP Community

The final 261 single-family lots were recently sold within the Braverde master-planned community to homebuilder Richmond American Homes. Richmond American closed on the lots in blue-topped condition, with IHP Capital delivering the finished lots post-close.

The transaction is the homebuilder’s second acquisition within Braverde. The development will include 511 new homes of varying sizes and architectural styles at completion.

“IHP is excited for Richmond American’s renewed commitment to Braverde while the builder experiences success selling homes in phase 1,” said Jeff Enes, senior vice president at IHP Capital Partners. “Braverde is one of the top-performing residential projects in the Inland Empire, selling about five to six homes per month. The increased demand for new homes continues throughout Southern California and finished buildable lots are difficult to come by.”

IHP and its assembled development team entitled and developed Braverde’s residential lots and remaining infrastructure after acquiring the 170-acre property in 2019 in unimproved condition. Infrastructure improvements are on track for completion by first quarter 2022.