Westport's Northlight Capital Partners acquires 138 acres in California for residential development
Northlight Capital Partners LLC, a real estate credit fund manager headquartered in Westport, has acquired the remaining assets from the bankrupt e...
Northlight Capital Partners LLC, a real estate credit fund manager headquartered in Westport, has acquired the remaining assets from the bankrupt estate of Verano Recovery LLC for approximately $20 million. According to the company, the acquired assets include the remaining 138 acres of residential development land within the Verano Master Planned Community in Cathedral City, California. Located approximately 10 minutes from the Palm Springs Airport, the property includes 892 partially platted lots entitled for a variety of detached single family residential and multifamily units.