BRANSON, MO-McMillin Communities, based in San Diego, and Oaktree Capital Management LP have entered into a joint venture with Titusville, FL-based GEP Inc. to finish the development of the 7,500-acre Communities at Branson Creek. The JV will bring seed money of about $15 million to kick-start the stalled project, which GEP has so far invested $250 million. The build-out is reported to be about $3 billion, based on a median price of $250,000 per home.

The project is a master-planned community built off of Interstate 65, that includes 12,000 single-family and multifamily homes, as well as retail supporting the residential portion and industrial to match up with the new Branson Regional Airport on the property. The airport is finished, and GEP has installed the infrastructure and two championship golf courses, as well as more than 250 of the single-family homes.

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