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(949) 748-6714 | 2151 Michelson Drive, Suite 250 | Irvine, CA 92612 Home | Contact Us |
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Rosena Ranch - Lytle Creek, San Bernardino County, CA Project Description Rosena Ranch is a 2,000-lot master-planned community in the Lytle Creek area of San Bernardino County. Forestar acquired two planning areas totaling 141 finished lots within the first phase of the community. Background The Rosena Ranch master plan is being developed by Lennar. GMAC acquired several planning areas of finished lots in a land-banking arrangement for Lennar. Lennar exercised their option for a couple of production phases within each planning area from GMAC and then did not exercise the balance of their option. Forestar purchased the remaining finished lots in two planning areas from GMAC. Value Added The underlying documents between GMAC as land banker and Lennar as builder and master developer were very complex. In addition to normal property-level due diligence, Forestar had to coordinate and manage a multi-party negotiation to clarify and document the rights and responsibilities of the parties. Lennar is continuing to complete master developer improvements which benefit the Forestar lots. |
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"Foremost Values" Excellence in everything we do. • An environment of teamwork and trust. • The value of each employee. Commitment to our partners and customers. • The importance of profitable operations. Integrity in the conduct of our business. |
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