IHP Capital Partners and Meridian Communities form JV

IHP Capital Partners and Meridian Communities have announced a joint venture for the in-fill development of 97 townhomes in Poway, Calif.

This is the first partnership between IHP Capital Partners, an investor in residential real estate development in San Diego County for 25 years, and Meridian Communities, a San Diego–based land developer and homebuilder that has completed several new-home neighborhoods in the region since 2014.

The soon-to-be-named community will take shape on an in-fill site close to employment centers. The site is set just south of Poway Road at the intersection of Civic Center Drive within the city’s civic area. It is walkable to a grocery-anchored retail center an