Dorado Skies

Lancaster, Los Angeles County, CA

East of 30th Avenue, south of J Street

Fast Facts

Acquired
December 2008
Seller
D.R. Horton
Status
Blue-Topped Lots, Recorded Final Map, Builder Selling

Project Description

Dorado Skies is a partially developed 169-lot community in the City of Lancaster. Forestar acquired six partially completed model homes, 109 finished lots and 54 blue-topped lots. The City of Lancaster will continue as a strong growth corridor for metro Los Angeles, particularly for buyers who are looking for affordably priced single-family homes.

Background

Dorado Skies was started by D.R. Horton. At the end of 2008, D.R. Horton marketed a portfolio of assets in order to capitalize on the carry-back of tax losses. Forestar was able to document the acquisition and complete the diligence in less than three weeks to meet D.R. Horton’s year-end closing requirement.

Value Added

Forestar negotiated modifications to the conditions of approval to get certificates of occupancy on the models. Forestar then sold the model homes to a local builder who finished and sold the homes.

Forestar sold half of the lots to KB Home.

Our Values

Excellence In Everything We Do
Integrity In The Conduct Of Our Business
An Environment Of Teamwork And Trust
The Value Of Each Employee
Commitment To Our Partners And Customers
The Importance of Profitable Operations