CASE STUDY
Melrose
Vista, California
25 months
5.27 acres / Approved for 34 single-family homes
True Life Capital controlled the property for $2.3M over a 25-month period. The original owner sold the property for $5.6M, and the builder acquired it for $9.2M, resulting in a $1.2M gross profit. True Life Capital was able to orchestrate the transaction without directly owning the parcel, effectively controlling a $9M asset for $2.3M.
In the last 10 years, approximately 40% of job openings in Orange County — directly adjacent to Vista — were newly created positions. This points to a healthy regional labor market and the potential need for immediate new housing to accommodate an influx of workers in the area.
Purchased by Tri Pointe Homes in October 2023