Miami, FL (Press Release) ARC|TREO, LLC (“TREO”) today announced the sale of 60 residential townhome lots to D.R. Horton, Inc., the nation’s largest homebuilder. The sale marks the first of a series of takedowns committed to by D.R. Horton that will total 253 fully-developed single family and townhome lots located at the intersection of southwest 117th Avenue and southwest 248th Street in Miami-Dade County, Florida.
“The residential market continues to strengthen in southern Miami-Dade County, as is evidenced by the national and regional homebuilders that continue to acquire residential lots in the area” stated Rolando Delgado, Director of Land Acquisitions for TREO. “Homebuilders have seen their fortunes improve over the last year as improving economic conditions and record-low interest rates have drawn potential homebuyers back to the market.”
About ARC | Treo, LLC
ARC | Treo, LLC is a privately held real estate investment firm focused on creating diversified investment opportunities for its capital partners by combining opportunistic acquisition strategies with proven value enhancement platforms. To learn more about ARC | Treo or for loan sale and property disposition opportunities, please contact us at email@example.com or visit our website at www.arctreo.com.