RAINTREE PARTNERS ACQUIRES TWO LUXURY CONDOMINIUM PROJECTS IN LOS ANGELES FOR $24 MILLION

RAINTREE PARTNERS ACQUIRES TWO LUXURY CONDOMINIUM PROJECTS IN LOS ANGELES FOR $24 MILLION

LOS ANGELES, CA – February 28, 2012 – (RealEstateRama) — Raintree Partners, a Laguna Niguel, Calif.-based real estate investment and development company, has completed the acquisition of two luxury vacant condominium projects, Vista Paradiso and Villa Sofia, totaling 63 units in the county of Los Angeles, Calif. which the firm will, for the time being, hold and manage as condo units to be rented. This $24.2 million acquisition brings Raintree’s holdings in California to 15 multifamily communities, consisting of 2,057 units, according to Jeff Allen, CEO of Raintree Partners

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