TPG Angelo Gordon has recently made another investment into the Inland Empire’s housing market. According to Vizzda records, an entity tracing to TPG Angelo Gordon purchased nearly 15 acres of residential land in Ontario from Lennar for $29.9 million. The property was sold by Lennar, which retained an option to repurchase this property as lots before November 2026.
The land is situated at the southwest corner of Archibald Avenue and Ontario Ranch Road and makes up a portion of a larger 34.3 acres of land that is planned for a 540-unit single-family residential community. There would also be 1,320 total parking spaces.
Overall, the property would feature 170 eight-plex detached cluster homes and 370 lane homes. The three-story cluster homes would feature a unit mix comprising 50 two-bedroom, 40 three-bedroom and 80 three-bedroom homes. Units range in size from 1,090 to 1,783 square feet.
The two-story lane homes would feature a mix of 136 two-bedroom, 165 three-bedroom and 69 four-bedroom homes, all ranging in size from 1,020 to 1,790 square feet.
Lennar was founded in 1954 in Miami, Florida. The firm builds in 19 states and more than 44 markets across the country, according to its LinkedIn page.
Angelo Gordon is a real estate investing platform within alternative asset management firm TPG. The platform manages $76 billion across a range of credit and real estate strategies on behalf of pension funds, corporations, endowments, foundations, sovereign wealth funds and individuals, according to its website.
TPG Angelo Gordon has previously acquired land in partnership with Lennar. The Registry previously reported that TPG Angelo Gordon acquired land as a land-banking partner for the home developer in Rialto for $44.5 million. The 41-acre site was sold by Lewis Group of Companies and Hillwood Development Company and is planned for 429 condo units.
