Mountain Real Estate Capital Acquires Assets in Joint Venture with GL Homes of Florida

Torrance, FL – September 12, 2011 – (RealEstateRama) — Mountain Real Estate Capital (MREC) (www.mountainrecapital.com) announces the closing of a new investment with GL Homes of Florida to develop the 850-home Riverstone Community in Naples, Fla. MREC continues to invest in Florida and now has invested in over 8,300 acres of land and 6,500 home sites located in West Palm Beach, Tampa, Orlando, Jacksonville, Naples and Fort Myers, Florida. The terms of the acquisition were not disclosed