Shea Homes Active Adult strikes again with $59.5 Million Tegavah closing


By: Daniel Benson; Belfiore Real Estate Consulting

After just recently announcing another Trilogy community planned in Wikenburg (click here to view the story), Shea Homes has closed on the Tegavah residential-golf community located in Maricopa County, specifically at the north east corner of 172nd Street and Rio Verde Drive.  The deal included the 18-Hole Tegavah Golf Course and all future residential acreage surrounding the course  (formerly known as the Vista Verde Golf Course).  The transaction closed Friday October 17, 2014 for $59,500,000 (click here to view the affidavit).  Tegavah Construction LP (Shea Homes) put down $41,600,000 and took out a seller loan in the amount of $17,900,000.  The seller was Vista Verde 2013 LLC which is a joint venture entity formed by Jen Partners, Brookfield Residential Properties Inc, and TerraWest Communities LLC.

The deal was brokered by Nate Nathan and Courtney Buck of Nathan & Associates Inc., they can be reached at (480) 367 -0700.

View Larger Map

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

Graycor completes construction on Gilbert Spectrum

Buildings 9, 10 and 11 have reached 93% occupancy at Gilbert, Arizona industrial park GILBERT, ARIZONA, January 30, 2023 – On behalf of developers GID and SunCap Property Group, Graycor Construction Company has completed construction on Gilbert Spectrum Buildings 9, 10 and

Read More »