NEWPORT BEACH, CA—The joint venture of Isles RanchPartners, LLC and Castlelake, L.P., hascompleted six new real estate acquisitions during the first fivemonths of 2014.
Isles Ranch Partners and Castlelake, both alternative investmentfirms, formed a strategic joint venture in August 2012. Since itsinception, more than $325 million has beencommitted to 28 transactions encompassing morethan 7,600 lots. The six new acquisitions were closed withfive different homebuilding or developer operatingpartners, four of which were new partners.
"We are excited to close three additional acquisitions inNorthern California as we look to further increase our exposure inattractive submarkets in the region," said TomOrradre, managing partner of Isles Ranch Partners.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
