Orange Grove – 1st Homebuilder Land Sale in Hemet, CA since 2017

Land Advisors Organization is pleased to announce the sale of 80 finished lots located in Hemet to one of the nation’s largest homebuilders, D.R. Horton, in March 2020.

The Land Advisors’ team representing the Seller, California based Ker-Real Estate Investors, included Ian Sinderhoff, Andrew Sinderhoff, and Brian Carricaburu who are based out of the Company’s Irvine office.

“The Orange Grove project is an exciting opportunity to bring attainable new housing to a supply-constrained submarket in the Inland Empire. There have been only a few projects available in recent years for new development in the City of Hemet, and we are pleased to have assisted a well-respected property owner sell this unique asset.” says Ian Sinderhoff, Vice President at Land Advisors.

Qtative, Inc., a real estate consulting and advisory firm, supported Land Advisors’ brokerage and advisory efforts by providing due diligence services for the Property and actively participated in cost-to-complete negotiations during final purchase price discussions.

“Although these lots were fully developed, much of the documentation had been lost over time,” commented Eric Higuchi, Principal at Qtative. “Fortunately, we were able to retain substantial value by rebuilding the project files through research and re-confirm with a new set of stakeholders the validity of certain permitted and constructed improvements.”

About Qtative

Qtative is a consulting and advisory firm that provides disposition analysis, strategic planning, project and asset management, and grading budgets to those who want to maximize the value of their land and land-related assets.  To learn more about Qtative and the services they offer, visit their website.