SOURCE: Brookfield Residential Southern California

Brookfield Residential Southern California

October 17, 2016 12:00 ET

Rancho Tesoro Community Projected to Create More Than 800 Jobs

Grading Is Underway on the 346-Home Master Planned Community, Where Approximately Half of the Workforce Holds Construction Jobs, Followed by Trade Jobs

SAN MARCOS, CA--(Marketwired - October 17, 2016) - Homebuilder and developer Brookfield Residential projects the creation of more than 800 jobs at its new San Marcos community named Rancho Tesoro. Grading is currently underway at the community, where Brookfield and builder partner California West Communities plan to build 346 single-family homes, recreation areas, trails and more.

Spanning more than 250 acres, the new community will deliver model homes in spring 2017, with the first residents moving in next summer.

"Brookfield takes great pride and care to present positive opportunities for local neighborhoods, school and businesses," says Dave Bartlett, vice president of land development for Brookfield Residential San Diego. "Our goal is not only to build quality homes for families, but to ensure we are creating a thriving community and viable jobs. At Rancho Tesoro, we're not only recruiting local talent, we're bringing in local experts to help us build a nature-oriented community that future San Marcos residents will appreciate."

Job totals are calculated using the most recent Center for Housing Policy report, "An Economic and Fiscal Analysis of Housing Construction in the Golden State," which states that 2.4 jobs are created per new home in San Diego County. Following construction jobs, which represent nearly half of the pie at Rancho Tesoro, are retail trades.

Upon completion, Rancho Tesoro will showcase homes across four distinct neighborhoods, with three behind residential gates. The detached homes will include private yards, four to five bedrooms, two-car garages, dual master bedrooms, outdoor rooms, and garages with roll-up rear doors that open to the backyard. Homes will range in size from approximately 2,211 to 3,565 square feet.

The community will include a direct connection to Discovery Lake for walking and biking, catch-and-release fishing, picnicking, playgrounds and more. Future residents will have access to the city's high-performing schools within the San Marcos School District, and be around the corner from Cal State University San Marcos.

Proposed private recreational amenities at Rancho Tesoro include a pool, barbecues, picnic tables, a covered trellis pavilion, neighborhood parks and access to multiple trails for walking, jogging and bicycling.

The community is located south of State Route 78, near shopping, dining and Old California Restaurant Row. Please visit LiveRanchoTesoro.com for more information and to join the interest list.

About Brookfield Residential (Southern California)

Brookfield Residential Southern California (Los Angeles and San Diego), a division of Brookfield Residential, is committed to being more than a homebuilder. We strive to create the best places to call home. The Brookfield Residential Southern California (Los Angeles and San Diego) team has the passion, the expertise and the local knowledge to craft homes and neighborhoods that speak to homebuyers at every stage of life. We are an award-winning homebuilder and industry leader with an exceptional reputation for quality, design, and customer service. Please visit www.BrookfieldSoCal.com for more information.

Brookfield Residential Properties Inc. is a leading land developer and homebuilder in North America. We entitle and develop land to create master-planned communities, sell lots to third-party builders, and operate our own home building division. We also participate in select, strategic real estate opportunities, including infill projects, mixed-use developments, and joint ventures. Further information is available at BrookfieldResidential.com.

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