Regal Properties Ventures 88 More Lots for Projected 71% IRR

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 builder, the project will be self-funded until the anticipated completion date of October 2016 – this time with an anticipated investor IRR of 71%!  Regal Properties remains bullish on Bakersfield, as the 7^th top performing housing market in the country.