HomeFed
has been developing award-winning master-planned communities for over 30 years. Largest owner of residential land in San Diego County. Public company with a strong balance sheet, conservative approach, and low leverage.
Wholly owned by Jefferies Financial Group,
a diversified investment company traded on the New York Stock Exchange (symbol JEF), with a market cap in excess of 9 billion.
HomeFed's sister company Jefferies Group LLC
is the 9th largest investment bank in the world by revenue.
PROJECT SUMMARY
909628660
$Total Project Costs
171000000
$EB-5 Funds (19%)
268
Number of Investors
2680
Job Creation Needed
4038
Total Job Creation
5
Loan Term Years(with 83-month extension options)
HomeFed Corporation
Project Developer
Discovery California, LLC
Regional Center
HomeFed Village 8, LLC / owned subsidiary of HomeFed
JCE
1st Trust Deed to Additional Development Land
Collateral
Located in the City of Chula Vista - 15 miles from Downtown San Diego.
More homes sold than any other master-planned community in San Diego.
22,899-acres - One of the largest master-planned communities in the United States.
Approximately 30,000 homes, supporting service, retail and community amenities in 11 development areas.
Otay Ranch is approximately half complete.
Côta Vera is the newest community within the larger Otay Ranch master-plan.