Mountain Real Estate Capital and Davidson Communities Acquire 43-Lot Project in Rancho Santa Fe

Torrance, CA – June 6, 2011 – (RealEstateRama) — Mountain Real Estate Capital (MREC) announces the acquisition of The Vintage at The Crosby development in San Diego in a joint venture with Davidson Communities LLC. This represents the third acquisition made by the MREC/Davidson partnership in San Diego County. The value of the transaction could not be disclosed.