Tricon Residential, Foremost Pacific Group, and Woodbridge Pacific Group are hosting a groundbreaking for Bacara, a build-to-rent townhome community in Wildomar, located in Riverside County.
Bacara is the first of five new, purpose-built, single-family rental home communities in California, including two in Riverside County and three in metropolitan Sacramento. Tricon equity is investing approximately $155 million into these five projects, which will deliver a total of 908 homes to the state when completed.
Bacara, located at 24808 Prielipp Road in Wildomar, will feature 170 high-quality, one-, two-, and three-bedroom townhomes with state-of-the-art technology, indoor and outdoor amenities, dog park, lap pool and spa, gym, and community center.
Among other features, Bacara townhomes will include solar power, attached one- or two-car garages, keyless front door entry, and forecourt patios. A Grand Opening for the community is expected in late 2022.
Tricon is partnering with local developer Foremost Pacific Group and its sister construction firm, Woodbridge Pacific Group, to entitle and construct the project.