KB Home Acquires 111 Lots in Folsom Ranch Master Plan
KB Home has acquired 111 single-family lots within the Folsom Ranch Master Plan Community in Folsom, CA. The Seller, Pacific Coast Capital Partners, LLC, was represented by Land Advisors Organization.
Located at the entrance of Folsom Ranch, The Enclave consists of approximately 14 acres with an approved Final Map. With development activity already in process, homes are expected to be available in early 2020. Jim Radler, Senior Vice President at Land Advisors Organization, explains, “Given the tremendous success of current Folsom Ranch builders, Lennar and Taylor Morrison, The Enclave at Folsom Ranch will undoubtedly expand on the success of Folsom Ranch by providing product at a lower price point.”
The Property is within close proximity of current and future parks, as well as the extensive trail system that will follow Alder Creek and the abundant oak woodlands found in the area. The Enclave sits close to the future amenity center of the master plan area and is directly adjacent to several future retail options.
Radler finishes, “In addition to being a gated community, The Enclave will be at the entrance to all of the future development activity, including an extremely impressive retail component adjacent to the Property.”