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June 2, 2000 | Jesus Sanchez
A partnership that includes San Diego-based Newland Communities, Institutional Housing Partners and the California Public Employees Retirement System has acquired Genstar Land Co. for $223 million. Genstar, which was sold by a subsidiary of British American Tobacco, owns 27 major residential projects across the country, including Northlake, a 1,700-acre master-planned community in the Santa Clarita Valley.
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BUSINESS
June 2, 2000 | Jesus Sanchez
A partnership that includes San Diego-based Newland Communities, Institutional Housing Partners and the California Public Employees Retirement System has acquired Genstar Land Co. for $223 million. Genstar, which was sold by a subsidiary of British American Tobacco, owns 27 major residential projects across the country, including Northlake, a 1,700-acre master-planned community in the Santa Clarita Valley.
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