Beazer Homes acquires a 92-acre project in the highly desirable Alessandro Heights area of Riverside, California.
November 19, 2020
Beazer Homes (NYSE: BZH) closes escrow on The Overlook, a property consisting of 74 single-family homes within the exclusive Alessandro Heights area of Riverside, California.
The Overlook commands panoramic city light, mountain, and valley views as well as proximity to established shopping, dining, service, and entertainment alternatives within the surrounding Riverside area.
The Overlook is situated in the premiere Alessandro Heights area of Riverside, along Highway 91. The Property is easily accessible through Arlington Avenue or Central Avenue from Highway 91 off-ramps north of the subject property and through Alessandro Boulevard from Interstate 215 east of the subject property.
“Alessandro Heights, which has generated average resale pricing above $900,000 since July 2019, is one of the most sought-after areas for first and second-time move-up housing in the Inland Empire,” states Daniel McDonough, Principal at Province West.