Harvard Investments Buys Goodyear’s King Ranch
Harvard Investments already has a significant presence in Goodyear. Harvard owns Estrella, a 20,000-acre mixed-use master-planned community, FirstStreet Ballpark Village in Goodyear, a 251-unit, single-family build-to-rent community scheduled to begin leasing in late 2023, and in partnership with Lincoln Property Company, is developing Goodyear AirPark, a 7 million square foot industrial development on 565 acres adjacent to Phoenix-Goodyear Airport.
Arizona Big Media reports Harvard has now added another large land acquisition to its portfolio, the $22 million purchase of the King Ranch master-planned community.
Harvard Investments bought the 1,864-acre asset from HE Capital KR LLC. HE Capital bought the land in 2008, owning it for 15 years but did not move forward with development.