Essential Housing Pays $109.7MM for Former Saratoga Vineyard, Partnering with Lennar to Deliver 64-Unit Residential Project

City Connect's century-old Saratoga vineyard traded to TPG for $109.7 million — a $79 million return that proves that in a market where nine-day sales at $4 million are routine, entitled residential land is the scarcest asset of all. Essential Housing Asset Management, a land banking unit of private equity firm TPG Angelo Gordon, has […]