On the heels of closing a JV for 93 lots in Bakersfield, Regal Properties, and its affiliate, Capital Real Estate Solutions LLC (“CRES”), co-invested with a capital partner to acquire 88 more paper lots for detached, single family homes in Bakersfield, California. CRES entered into a joint venture with the same “Builder of the Year,” who again agreed to match its capital investment to develop the homes. After this initial funding from CRES and the ...
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