GL Homes is hot for the Boca Raton market, just recently closing on 334 acres for a price of $215 million. The land was farmland that had been owned by the same family since 1940. The purchase follows shortly after the builders purchase of a 190-acre city-owned golf course that GL will transform to a community of 500 homes.
Led by President Misha Ezratti, GL Homes paid $65.7 million for the Boca Raton Municipal Golf Course, according to records. The seller is the city of Boca Raton. The sale was supposed to close a year ago but was postponed. The builder paid an additional $250,000 due to the postponement.
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January 2022
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