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IHP Capital Partners sells 250 finished lots to Richmond American Homes
Real Estate - DECEMBER 2, 2020

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IHP Capital Partners sells 250 finished lots to Richmond American Homes

by Released

IHP Capital Partners has sold 250 finished single-family lots within the Braverde master-planned community to public homebuilder Richmond American Homes. Braverde is located in Menifee, Calif., and planned for 511 new homes of varying sizes and architectural styles. As owner of Braverde, IHP has assembled a seasoned development team to design and build the community’s infrastructure and homesites. The project’s remaining 261 lots are currently under construction and will become available to homebuilders in 2021.

The lots Richmond American acquired are located in the southern portion of Braverde and are Phase I of the project. This includes 54 5,000 minimum square foot lots, 109 5,500 minimum square foot lots, 57 6,000 minimum square foot lots and 30 7,000 minimum square foot lots.  Richmond American plans to begin construction in the first quarter 2021 and offer its first sales in the second quarter.

“IHP is excited to see Richmond American as the first

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