Homebuilder Lennar sold a portion of Timber Creek in Lee County, FL to divisions of investment group Angelo Gordon & Co. LP
Lance Ellis Vice President of Lennar Homes LLC signed off on the sale of Timber Creek to AG Essential Housing Multi State 2 LLC, a Delaware LLC based in Scottsdale, AZ on May 28, 2021. Timber Creek is conveniently located near the intersection of Daniels Parkway and State Road 82 in Fort Myers. The Lee County Clerk of Court Official Recording indicates the sales price was $33,755,283.
According to the company's website, Angelo Gordon is a privately held alternative investment firm that manages approximately $44 billion across a broad range of credit and real estate strategies. For over 30 years, Angelo Gordon has been investing on behalf of pension funds, corporations, endowments, foundations, sovereign wealth funds and individuals.
For additional information please refer to the UNITED STATES SECURITIES AND EXCHANGE COMMISSION filing on Lennar Corporation: https://lnkd.in/gzY2iKS