Closed! +700-Acre Acquisition by Richland Investments Sets the Stage for Major Residential Growth

Brian Carricaburu, Founding Principal, and Andrew Sinderhoff, Senior Vice President of Land Advisors Organization’s Riverside County team represented both the seller and the buyer in this transaction.

Richland Investments has acquired 708 acres in Winchester, CA from JMB Legacy Properties, LLC and John W. Boere, marking one of the most significant residential entitlement transactions in the Inland Empire. Land Advisors Organization’s Brian Carricaburu and Andrew Sinderhoff, representing the Seller and Buyer, successfully facilitated the sale of Boere Ranch.

Boere Ranch, a sprawling property long held by the Boere family, is set to become a cornerstone in the rapidly expanding Menifee/Winchester area. The property is situated within a region known for its robust residential development and is ideally positioned to help meet the increasing demand for new housing.

“The steady growth in new home sales and the rapid absorption of entitled lots highlight the significant role that Boere Ranch will play in meeting the demands of the area,” stated Brian Carricaburu, Founding Principal at Land Advisors Organization. ” The successful execution of this project requires a well-capitalized developer with a highly experienced team and a long-term perspective on master-planned community development. Richland is exceptionally well-equipped to fulfill this responsibility.”

Richland Investments, a major player in real estate with a reputation for innovative and strategic development, will be at the helm of transforming Boere Ranch. With a history spanning over four decades, Richland has developed over 35,000 single-family lots and millions of square feet of office, retail, and industrial space across four states. Their acquisition of Boere Ranch signifies a major milestone, reinforcing the Menifee/Winchester submarket’s eastward residential growth.

“We are incredibly excited about the opportunity to plan one of the last great large developable plats of land in this supply-constrained area. With some of the best entitlement professionals in the industry on our team, Richland is fully committed to leveraging our expertise and resources to transform this vacant land into a thriving community,” said Mike Byer, Senior Vice President.

Additionally, Boere Ranch will be serviced by the Menifee Union School District, the second highest-ranked school district in Riverside County, ensuring top-tier educational opportunities for future residents.

Richland Investments plans to initiate a Specific Plan for the property. While detailed plans are still in development, this acquisition represents a strategic opportunity for Richland to apply its extensive expertise in creating vibrant, sustainable communities.

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