Chris Tourtellotte Chris Tourtellotte

In the midst of California’s affordability crisis and housing shortage, workforce housing is becoming one of the most in-demand product types for investment. LaTerra Development recently completed construction on a new construction workforce housing project and sold it ahead of schedule for a market-record price of $33 million or $340,000 per unit. Providence Capital purchased the 97-unit property, which is located in Chula Vista. The sale illustrates the strong market demand.