Photo courtesy of Harvard Investments
By AZRE
Harvard Investments closed on land sales to a homebuilder and multifamily developer who plan to construct single-family residences and build-to-rent units, respectively, in the growing, unincorporated community of San Tan Valley, Arizona. The two sales fetched $15.4 million.
Harvard Investments, a real estate investment and development company, sold 133 guaranteed finished lots on 35.3 acres to Los Angeles-based KB Home for $7.1 million at the NWC of North Gantzel and East Bella Vista roads in the Bella Camino development. The 133 single-home sites are expected to be 45 feet by 115 feet.
According to KB Home, Bella Camino intends to offer great amenities including a park with picnic tables, a grilling station, and a children’s playground. It will offer three- to four-bedroom homes ranging from 1,400 SF to 2,500 SF.
