Mountain Real Estate Capital Forms New Joint Venture with Warmington Residential

Torrance, CA – August 9, 2013 – (RealEstateRama) — Mountain Real Estate Capital (MREC) announces the formation of a new venture with Warmington Residential to acquire and develop 48 lots located within the prestigious Stellan Ridge community in Riverside, Calif. This is the first partnership between MREC and Warmington. The hilltop project will offer one to eight acre lots with expansive views of the surrounding area. Warmington will build luxury single-level homes ranging in size from 3,400 square feet to over 4,100 square feet. The floor plans will allow homebuyers to highly customize their homes by selecting from a wide range of available options including a 400-square-foot detached living space and up to 6 bedrooms and a 6-car garage


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