First Improved, Fully-entitled Property to Close in Orange County in the Last 6 Months
Land Advisors Organization is pleased to announce the closing of Town & Country Townhomes, a Property consisting of 74 townhomes on approximately 3.67 acres in the City of Orange. Town & Country Townhomes is the first improved, fully-entitled Property to close in Orange County since March 2020 and will have little to no new home competition in its supply-constrained market.
“The transaction closed on time and according to schedule, despite the headwinds of the COVID-19 pandemic, which demonstrated the demand for real estate infill Orange County,” says Allison Rawlins Tift, Vice President at Land Advisors. The Property, which offers five different unit plans, is conveniently located on Town and Country Road, just south of the Garden Grove Freeway, placing it in the heart of Orange.
Town & Country Townhomes offers a rare walkable lifestyle with close proximity to MainPlace Mall and high end retail and restaurants, as well as large employers like Children’s Hospital of Orange County and Aerotek. Mike Hunter, Senior Vice President at Land Advisors, further explains, “Town & Country Townhomes is truly one of the best infill properties in Orange County. It’s located in the heart of Orange where people can walk to restaurants and shops nearby and drive a short two minute drive to The Circle. It also offers premium access to both the Garden Grove Freeway and Interstate 5. Future residents will absolutely love its location.”
Land Advisors exclusively represented the Seller, Fairfield Residential, in the transaction. The Buyer was TRI Pointe Homes. Terms are confidential. The Land Advisors team was comprised of Mike Hunter, Allison Rawlins Tift, and Chris Shiota.