The Bridges at Gilbert
Residential Land | Chandler, AZ | March 2011
JEN purchased Phase II of the "Bridges at Gilbert," 293 acres of entitled raw land in greater Phoenix, for $23 million. JEN purchased the asset with a comprehensive plan to re-plat to address changing consumer demand and sell in villages to large homebuilders. JEN proceeded to execute the repositioning strategy and sold the asset throughout 2012 to Meritage Homes, Taylor Morrison Homes, TW Lewis Homes, Woodside Homes and Lennar Homes for total proceeds of approximately $37 million.