Mountain Real Estate Capital Acquires 59 Lots in Riverwalk Vista Masterplan

Torrance, CA – August 1, 2011 – (RealEstateRama) — Mountain Real Estate Capital (MREC) announces the acquisition of Village III within the Riverwalk Vista master plan in Riverside, Calif. MREC acquired the asset directly from Bank of the West and will be retaining Artisan Communities to complete the remaining development work and ultimately build out the project. The transaction closed June 28; its value could not be disclosed.


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