Making the News

Craig Krumwiede, President of Harvard Investments, and his wife Alison Lewis were recently recognized for their charitable efforts to benefit United States Navy Seals and their families through the C4 Foundation. The foundation honors the legacy of Charles Humphrey Keating IV, a heroic Navy SEAL who was deeply rooted in his community and gave his life defending the United States and the freedoms its citizens enjoy.

DeAnn Dana, C4 Foundation Director shared, “Navy SEALs have an interesting and painful method for developing teamwork. When going through BUDs, you are assigned to a boat crew, a group of seven men. You are a team. You are also given a small inflatable boat and paddles to propel it. Days are spent running races with the boat on your head and paddling through heavy surf. The winners of these races sometimes get to rest while the losers are forced to further suffer. Rowing hard with your paddle demonstrates dedication to the team, so when a teammate moves on, and if he has rowed hard for his brothers, they present him with a custom paddle thanking him for his sacrifice.”

(PHOENIX) December 1, 2021 – Harvard Investments, a real estate investment and development company based in Scottsdale, Ariz., announced the sale of its final two neighborhoods at The Lakes at Rancho El Dorado in Maricopa to Richmond American Homes. Richmond acquired 237 homesites adding to their four actively selling neighborhoods within The Lakes. Harvard relaunched the community in September 2019 selling over 1,600 home sites in just over two years.

The Lakes at Rancho El Dorado is a 425-acre community in Maricopa which features a 40-acre lake amenity. The community offers premium lake lots, some with attached RV garage options, multiple floor plan options, as well as off-lake neighborhoods with parks featuring a variety of amenities including sport courts, playgrounds, and trails. In addition to Richmond’s now six neighborhoods, The Lakes offers new homes from Meritage, Gehan, K. Hovnanian, and DR Horton.

Acquisition Represents one of the Largest Active Master-Planned Community Purchases in Arizona History

GOODYEAR, Ariz. (Oct. 25, 2021) – Harvard Investments, Toll Brothers, and Värde Partners announced today they formed a joint venture to acquire the remaining undeveloped land in Estrella, a mixed-use master-planned community located in Goodyear, Ariz. The acquisition includes more than 18,000 acres of entitled land. This purchase is one of the largest acquisitions of an active master-planned community in Arizona to date.

Harvard Investments, an Arizona-based real estate investment and development company is in escrow to sell two commercial pads within its Arrival at Cadence commercial center to Thompson Thrift Retail Group (TTRG), a wholly-owned company of Indianapolis-based Thompson Thrift. Cadence at Gateway, a vibrant 444-acre master-planned community in Mesa, Ariz. is located at the southeast corner of Ellsworth and Ray Roads, along the bustling Mesa Gateway corridor.  

The two commercial pads are located opposite each other on the north and south sides of Cadence Parkway at the main entrance of the intimate master-planned community. TTRG is planning to build two multi-tenant shop buildings and anticipates welcoming Point 22 Tavern, Cork Crush Wine Bar & Beer House, NextCare Urgent Care, Athletico Physical Therapy, BoSa Donuts and a Nail Spa to its shops. TTRG’s tenants are anticipated to move in mid 2022.  

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See full story in the Phoenix Business Journal, by Angela Gonzales Senior Reporter
www.bizjournals.com/

Homes at Harvard Investments’ The Lakes community in Maricopa, Arizona continue to sell successfully and rapidly. Said the PBJ:

Homes are selling so quickly at the Lakes at Rancho El Dorado that prices are now in the high $200,000s, up from the mid $200,000s when Scottsdale-based Meritage Homes Corp. (NYSE: MTH) announced the opening a month ago.

Real estate investment and development company Mariposa East, LP, an affiliate of Harvard Investments, Inc. is proud to announce D.R. Horton Inc. has begun selling homes in the stunning Jemez Vista neighborhood. This premium 10-acre neighborhood includes 41 homes within the Mariposa master-planned community outside Rio Rancho, New Mexico and 30 minutes north of Albuquerque.

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Cadence at Gateway’s two newest neighborhoods, Toll Brothers Montage and Mosaic, recently made The Belfiore List for February’s 10 Top Selling Neighborhoods in the Valley of the Sun.

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25 Twilight Homes in Mariposa Available this Spring

Real estate investment and development company Mariposa East, LP, an affiliate of Harvard Investments, Inc. has announced Twilight Homes is now pre-selling their newest neighborhood, The M Urban Series at Mariposa.

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Pulte Homes, the first builder in Gregg Ranch, a master planned community in Marble Falls, has already exceeded sales expectations, after just 45 days of pre-selling. With Gregg Ranch as the first new community developed in Marble Falls in over 30 years, demand has been high.

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Pulte Homes, Gregg Ranch’s first builder, has announced it will build eight floor plans with homes starting in the high $200,000s.

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Cadence at Gateway residents are anticipating the completion of multiple new parks in Phases 2 and 3 neighborhoods. Most of the parks in the popular Mesa master-planned community are scheduled to be complete by the end of December 2020, with a few slated to be complete as early as November.

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