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Lennar-Linked TPG Land Bank Pays $28.1MM for 42 Acres From Oakpointe in Black Diamond
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Lennar-Linked TPG Land Bank Pays $28.1MM for 42 Acres From Oakpointe in Black Diamond
Oakpointe's $28.1 million sale of 42 acres at Ten Trails to a Lennar-linked TPG land bank comes as King County's median price fell 3.4 percent to $845,000 and Lennar reported a 15.8 percent gross margin, leaving the lots to be built out against softer demand. A land-banking vehicle tied to TPG Angelo Gordon and Lennar […]
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