Modesto, California - 84 Single Family Homes
Lightner Property Group developed its first for-sale residential project in 1987 when it formed a joint venture with a builder to construct 84 single family homes in Modesto. Prices grew 30% during construction.
Even though the $11 million Modesto project was wildly profitable LPG grew troubled with the consequences of exurban sprawl and made a strategic as well as a philosophical decision to focus its talents on urban infill development.