The New Home Company Under Contract for $250M+ of Prime OC Land

The New Home Company Under Contract for $250M+ of Prime OC Land

The New Home Company is looking to expand its presence in the high-end Orange County housing market with the acquisition of four sites from The Irvine Company. The $250M+ land buy looks to be a structured transaction, with rolling option takedowns, involving two sites in Crystal Cove in Newport Coast and one site each in Orchard Hills and Portola Hills.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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