145 lots purchased by KB Home in the Green Valley Master Plan
Irvine, CA December 18, 2017 – KB Home has acquired 145 single-family lots in the Green Valley Master Plan located in Perris, CA. Land Advisors Organization, a nationwide advisory firm focused on the acquisition and disposition of land and land-related assets, represented the developer, Raintree Investment Corporation.
The 145 lots purchased by KB Home are a part of the Green Valley master-planned community, which is approved for the development of single-family detached homes, multi-family units, business and office uses, commercial retail uses, and industrial uses. Green Valley is located west of Interstate 215 and Ethanac Road, adjacent to Perris Crossing, a popular retail development in the area.
Land Advisors’ Founding Principal, Brian Carricaburu, says, “Many of Southern California’s large public homebuilders are now looking in Perris for single family lots. With prices rising in Perris, as well and neighboring Menifee, Temecula, and Murrieta, Green Valley provides an excellent new home opportunity for homebuilders.”
Raintree’s President, Patrick Parker, adds, “Green Valley provides the City of Perris with a unique master-planned community. Our residential neighborhoods will provide a variety of living choices along with open space, public parks, bike and pedestrian trails. As a unique benefit, the community is next to newest Metro link Station, linking South Perris to downtown Los Angeles and Orange County by commuter rail.”
The initial development of the first phase at Green Valley has begun and additional residential development offerings are available. Land Advisors will be reaching out to interested homebuilders, specifically plans for a new community of 169 lots available in early 2018.
For more information regarding Green Valley, please contact Brian Carricaburu at (949) 656-8002.
Jennifer Kearby, Marketing Associate
Land Advisors Organization