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SAN GABRIEL, CA-Denver-based JCR Capital has closed a $30-million equity joint-venture facility for the acquisition of undervalued land in California primarily for residential development. This is the sixth facility JCR has provided since May of 2010, totaling over $100 million of equity commitments. As part of the program for investment properties within the facility, the joint venture partner will acquire undervalued land and exit through sale of the properties to third-party homebuilders/developers for the construction of residences.

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