California + Inland Empire + Apartments | August 17, 2021

Via Del Lago Finds Market Niche in Growing Riverside County

Demand remains strong for multifamily in Riverside County and Via Del Lago is a prime example of that. The planned 135-unit multifamily complex is in the Rancho Belago submarket of the Moreno Valley.

Developer Spruce Grove Inc. expects construction will begin this month and be fully completed in about two years.

“Via Del Lago will provide quality housing with top-notch amenities at a reasonable price in a market where demand for apartments is strong and growing,” said Jeff Carter, president of Spruce Grove.

CIT Group Inc. recently provided $28.2 million in financing for construction of Via Del Lago.

“The Spruce Grove leadership team is well-known for their expertise in developing and managing high-quality commercial real estate,” said Chris Niederpruem, managing director and group head of CIT’s real estate finance business.

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Jeff Carter

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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