FOR IMMEDIATE RELEASE:
Contact:
Krista Sparks | Rebecca Hall
714-263-8731 | 714-263-8724
krista@ideahall.com
rebecca@ideahall.com
KRAEMER LAND COMPANY ACQUIRES 14 LOTS FOR
SINGLE FAMILY DEVELOPMENT IN HIGHLAND PARK, CA
Los Angeles Neighborhood Remained Undeveloped during the Recession will
Receive 14 New Single Family Detached Homes
Los Angeles and Placentia, CA – January 29, 2013 – Kraemer Land Company, formerly
FKC Properties, announced an acquisition of a 14-lot residential development in the
Highland Park submarket of Los Angeles through a new strategic partnership with Orange
County homebuilder, South Coast Communities. The company plans to finish four standing
inventory homes within the next 90 days and complete construction on all remaining single
family detached lots before year-end 2013.
“Kraemer Land Company is committed to adding value to the local community,” said
Brett Albrecht, Managing Director for Kraemer Land Company. “Completion of this project will
greatly enhance an area that has endured the remnants of a broken development for years. We
look forward to enhancing the neighborhood and fulfilling our mission for creating value in real
estate with our partners.”
Kraemer Land Company committed approximately $7.5 million in new capital to complete the
project. South Coast Communities will manage all design, engineering, construction, marketing
and new home sales. Home prices are projected to start from the mid to high $700,000s.
“Our communities stand apart for their high-quality construction and efficient design,” said Brent
Little, Principal of South Coast Communities. “We look forward to bringing our extensive
experience in the completion of broken residential developments together with the Kraemer
Land Company team, while providing a superior home-buying experience upon completion.”
-MORE-
Located at the intersection of North Avenue 66 and Staley Ave., the development has remained
unfinished since 2009. The lots were acquired from two independent groups of sellers. Tim
Barden of Land Advisor’s Organization represented both the buyer and seller.
About Kraemer Land Company
Kraemer Land Company, formerly FKC Properties, is a privately held, fully integrated real estate
firm with over 50 years of hands-on, cycle-tested experience in acquiring, developing, leasing,
repositioning, managing, financing and disposing of real estate. With Orange County roots
dating back to 1860, the direct descendants of the Kraemer and Yorba families started Kraemer
Land Company based on the philosophy that its real estate holdings should be capable to
succeed in all real estate cycles.
Today, Kraemer Land Company owns and operates a diverse portfolio consisting of commercial
and residential projects throughout Southern California and Nevada, with offices located in
Placentia, CA and Las Vegas, NV. www.KraemerLand.com.
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