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CASE STUDY

Melrose

Vista, California

Key Data

Project Duration

25 months

Parcel Size / Unit Count

5.27 acres / Approved for 34 single-family homes

Process & Financials

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.

Location Analysis

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.

Exit

Purchased by Tri Pointe Homes in October 2023