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Mountain Real Estate Capital & Oakwood Homes Acquire Banning Lewis Ranch in Colorado

- The Hoyt Organization -
Torrance, CA - May 31, 2012 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the closing of a new investment with Oakwood Homes of Denver to acquire and build out Banning Lewis Ranch, a 2,600-acre, 8,500-approved-lot master-planned community located in Colorado Springs, Colo. The transaction represents MREC’s second investment in Colorado and first with Oakwood. The terms of the transaction were not disclosed.

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Editors’ Picks

Tipton: FHA Practices Pose Risk to Taxpayers

- Colorado RealEstateRama -
Today, Congressman Scott Tipton (R-CO) questioned Department of Housing and Urban Development (HUD) Secretary Julian Castro during a House Committee on Financial Services oversight hearing to examine the Federal Housing Administration’s (FHA) precarious financial state 1st Priority Roofing

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