San Diego, CA – September 15, 2010 – (RealEstateRama) — Mountain Real Estate Capital (MREC) continues the success of its opportunistic investment platform with the closing of a joint venture with Davidson Communities. The joint venture purchased The Sentinels at Del Sur subdivision located in San Diego, Calif. from Bank of America. The project consists of 17 substantially finished lots and four fully completed and furnished model homes that have been highly upgraded with a number of options. The Del Sur community is an 1,800-acre master plan community that will eventually comprise approximately 3,000 single-family and multifamily residences and an abundance of community amenities. Del Sur is a collection of intimately designed neighborhoods with parks and pools within walking distance of neighborhoods, highly rated schools, a future town center with shops and dining and over 1,000 acres of open space.
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