Salem Partners Announces Successful Transaction on Behalf of Jupiter Land Holdings, LLC

Salem Partners, LLC (“Salem”) is pleased to announce a successful transaction closing on May 6th,2021, on behalf of its client, Jupiter Land Holdings LLC (“Jupiter”).Jupiter hired Salem to identify and raise $30 million in joint-venture LP equity capital (the“Venture”). After closing, the Venture will horizontally develop the raw land into both residential /for-sale lots and commercial pads (industrial) on a 52-acre land parcel in Murrieta, CA. The land siteis adjacent to the prestigious Loma Linda University Medical Center, which is one of the premierteaching hospitals in Southern California. Additionally, the site is surrounded by master-planned,residential communities (some of which were developed by the principal of Jupiter).