IHP Capital Partners has announced the sale of 250 finished single family lots within the Braverde master-planned community to public homebuilder Richmond American Homes. Braverde is located in Menifee, Calif. and planned for 511 new homes of varying sizes and architectural styles. As owner of Braverde, IHP has assembled a seasoned development team to design and build the community’s infrastructure and homesites.
The lots Richmond American acquired are located in the southern portion of Braverde and are Phase I of the project. Richmond American plans to begin construction in Q1 2021 and offer its first sales in Q2.
Blaine Peterson, managing director at IHP Capital Partners described Braverde as ‘a thoughtfully-designed community in the southern Inland Empire, a submarket experiencing tremendous demand for single family homes from homebuyers in 2020.’ “Richmond American is a top-tier homebuilder with a track record of providing quality homes in this region. We believe its team will do a wonderful job bringing Braverde to life,” he added.
Surrounded by Menifee’s spacious views and natural landscape, Braverde offers a plethora of amenities to residents seeking an outdoor-focused lifestyle. Many pocket parks and trails are strategically located throughout the neighborhood and the 15-acre Veterans Park defines the east side of the community. Beyond the park, adjacent to the community is the newly built Liberty High School, which opens Fall 2021.