For Immediate Release
Fifteen Group Sells 161 Townhome Lots To National Builder, D.R. Horton
October 17, 2016 11:00 AM Eastern Daylight Time
MIAMI — Fifteen Group completed the sale of 161 fully-entitled townhome lots to D.R. Horton in October 2016. The lots were vested with plans for 3 & 4 bedroom townhomes with garages and enclosed backyards and are located in Homestead, FL within the master-planned Keys Gate neighborhood.
Fifteen Group purchased the land in 2014 along with other acquisitions in the area. Homestead is a submarket of Miami that has seen tremendous growth in recent years as it is both commutable to the urban core of Miami and is only 30 minutes away from the Florida Keys. The transaction is consistent with Fifteen Group’s long history of identifying value and investing in path of growth submarkets.
About Fifteen Group
Fifteen Group is a family-owned real estate investment firm based in Miami, Florida. Fifteen Group's investment activities are opportunity-driven, value-added acquisition and development projects. Historically, Fifteen Group concentrated primarily on the multifamily sector, but has evolved to include expertise in the office, retail, mixed-use, industrial, land and residential development sectors. Currently the firm invests in all major real estate asset classes, in real estate secured debt, and in corporate private equity transactions. Fifteen Group also has offices in Los Angeles.
Fifteen Group Capital LLC
Jesse Biegel, 213-282-2044