Group 90 – Coachella Valley BTR
Thermal, California
$32.8M
EB-5 Loan
$128.5M
Total Project Spending
814
Estimated Jobs from Development & Contruction
98.5%
Job Creation Buffer
19.9
Jobs Per Investor
The Group 93 Project
A MULTIFAMILY RESIDENTIAL COMMUNITY
The Project
The Coachella Valley BTR (Build-to-Rent) Project, also known as
Summerwell La Quinta and Vista Monroe Homes, will consist of the
development and construction of an approximately 240 home community
consisting of single-family homes intended for the build-to-rent residential
market. The community is located on a 40-acre site at 55150 Monroe
Street, Thermal, California – adjacent to the cities of La Quinta and Indio,
CA in unincorporated Riverside County, California. The area, also known as
the Coachella Valley, is part of the greater Palm Springs metropolitan area.
Coachella BTR
Upon completion, the Project will feature 240 newly-constructed homes
for rent on eighty (80), 10,000 square foot lots.
EB-5 funds will be utilized in all aspects of the development and
construction activities of the Project. This may include, but is not limited
to, site demolition and abatement, onsite and offsite development,
grading, landscaping, drainage systems, horizontal infrastructure, and
vertical construction of the Project.
Hillwood Development Company
Hillwood is a leader in developing and acquiring high-quality industrial properties across North America and Europe. From acquisition and joint ventures, to development and ongoing property management, Hillwood provides creative solutions for its customers and long-term value for its partners. Hillwood offers the depth of capital, market expertise, industry relationships, and forward-looking vision to buy and build industrial properties that meet the logistics and distribution demands of evolving markets.
40+
CMB/Hillwood
Partnerships
30+
Partnerships with
I-526 Approvals
25+
Partnerships with
Loan Repayment
15+
Partnerships with
I-829 Approvals
PROJECT TIMELINE
• Early development and construction activity
began in Q3 2024.
• The first residential build-to-rent unit will be
delivered Q3 2025.
• The last residential unit will be delivered Q2 2026.
Reasons to Invest
Leader in EB-5
CMB is the leading EB-5 regional center with a 100% project success rate in over 70 projects.
Industry Leading Developer
Hillwood Development Company is an award-winner developer with over 30 years of experience.
Housing Demand in Torrence
Gable House will will be one of the first major multifamily projects to be developed in Torrance in roughly 50-years, providing much-needed new housing in an under-supplied South Bay market.
