Land Advisors Organization Represents Lennar in Camellia Court Acquisition

Irvine, CA August 15, 2018 – Lennar has acquired 125 townhomes within one of the largest infill developments in the San Gabriel Valley: Camellia Court in Alhambra, CA. Land Advisors Organization, a nationwide advisory firm focused on the acquisition and disposition of land and land-related assets, represented the Buyer in this transaction. The terms were not disclosed.

Camellia Court will be an upscale community that reflects the vibrant character of Alhambra and is less than five miles from Downtown Los Angeles and Pasadena. Chris Gomez-Ortigoza, Vice President at Land Advisors, explains, “Camellia Court’s location in the highly sought-after West San Gabriel Valley will allow residents to enjoy the proximity to major job and entertainment centers, especially Downtown Los Angeles.”

The Property’s walkability to Alhambra’s historical district is a location advantage that echoes the community’s sustainable site plan and home designs. Gomez furthers, “Camellia Court homeowners will have the benefits of a mixed-use community and the walkability that is very coveted within the San Gabriel Valley.”

With its approved final map for a horizontal mixed-use project, Camellia Court will include a nursing facility, medical office building, and retail space in addition to the 125 residential units. The Property’s sizable development highlights the growing trend of medium density mixed-use communities in traditionally lower density markets.

In the last year alone, developers have seen the demand for medium-density housing in walkable neighborhoods greatly increase, but the inventory for infill projects is far and few. “Including Camellia Court, there are less than ten infill projects with approvals for 100 or greater units, both for sale & on grade product, in the San Gabriel Valley that could be acquired by homebuilders.” Gomez concludes.

Media Contact:
Jennifer Kearby, Marketing Coordinator
Land Advisors Organization
949.852.8026
jkearby@landadvisors.com