In partnership with Canuso Communities and on behalf of their investment partners, Harvestate Group arranged for $7.8MM of equity to purchase Peninsula Lakes located in the Rehoboth Beach area of Sussex County, Delaware. The funding also provides an additional $3MM for site improvements on a rolling basis. Peninsula Lakes contains 660 residential lots strategically located around 11 lakes. As sections are improved, lots will be sold to home builders. Currently Ryan Homes Schell Brothers have signed up to purchase lots. It is anticipated that the development will take 5 years to complete. Harvestate Group will serve as the investment group and manager responsible for oversight of the development until completion. Peninsula Lakes is located on our Current Projects page.
Cell (Best Option): 609.658.6004
Harvestate Group, LLC
236 Possum Hollow Road
Old Forge Building
Jamesburg, NJ 08831