Land bank for America’s largest homebuilder buys Florida City acreage
A land bank for D.R. Horton, the nation’s largest homebuilder, bought 232 homesites in Florida City for $28.5 million. Miami-based Trans Florida Development, through an affiliate, bought the 40-acre vacant parcel on the southwest corner of Redland Road and Southwest 336th Street from an entity tied to Carrollton, Texas-based Onx Homes, according to records and real estate database Vizzda. The deal breaks down to $711,788 per acre. Trans Florida borrowed $50.7 million for construction from Renovo Financial and Setanta Development Capital, Vizzda records show. Arlington, Texas-based D.R. Horton, led by Paul J. Romanowski, is considered the biggest homebuilder in the […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131