Aria will offer 57 modern for-sale townhomes with panoramic Mt. Diablo views, bringing housing to desirable, supply-constrained East Bay market

SAN RAMON, Calif. – September 18, 2025 – IHP Capital Partners, (“IHP”), one of the nation’s leading real estate investment firms, and its joint venture partner, The Grupe Company, a vertically integrated real estate development firm, today announced the acquisition of a 2.5-acre infill parcel in San Ramon for the development of Aria, a vibrant new neighborhood of 57 for-sale townhomes thoughtfully designed for modern living.

“San Ramon is a highly desirable East Bay city recognized for its excellent schools, safe neighborhoods, and abundant outdoor recreation,” said Reneé McDonnell, Partner at IHP Capital Partners. “IHP is thrilled to re-connect with our long-time partner, The Grupe Company and collaborate with Homes Built for America to transform an underutilized site into an exciting new neighborhood of premium homes.”

Aria marks IHP’s first new partnership with The Grupe Company in several years, building on a relationship that spans more than three decades and includes the entitlement and development of over 5,700 lots and 1,100 homes. This project also represents IHP’s first collaboration with builder Homes Built for America (HBFA).

Located on Deerwood Road, Aria will offer a collection of three- and four-story townhomes ranging from approximately 1,500 to 2,000 square feet. The community will comprise 48 market-rate residences and nine affordable homes. The project’s site plan and design are led by R 3 Studios, with homes reflecting a modern craftsman architectural style and high-quality interior finishes.

Elevated within San Ramon’s rolling hills, Aria will offer sweeping views of Mt. Diablo. Its prime location provides residents with convenient access to top-rated schools as well as major transportation corridors, including I-680 and I-580, connecting to leading employment hubs and entertainment destinations across the Bay Area.

The site was purchased in an unimproved condition from The True Life Companies. With entitlements secured, land development is underway with vertical construction scheduled to begin at the end of Q4 2025. Home sales are expected to launch in Q1 2026, and community completion is anticipated by Q2 2027. Pricing is to be announced at a later date.

“Aria will bring much-needed quality housing to the East Bay,” said Chris Bley, Co-President of IHP Capital Partners. “The Grupe Company has been a trusted partner of IHP for decades, and together we are committed to creating in-demand communities that home shoppers prefer while addressing California’s housing shortage. By working closely with the seller to secure entitlements before closing, we ensured Aria was shovel-ready and we could get started quickly in delivering a vibrant new neighborhood for San Ramon.”

Including Aria, IHP has more than 25 residential communities in various stages of development across Arizona, California, Colorado, Texas, and Utah. The company partners with regionally focused, best-in-class builders to invest in well-located, high-demand housing markets throughout the Western U.S. and Texas, and is actively pursuing new opportunities for development.

About IHP Capital Partners

IHP Capital Partners was founded in 1992 and celebrates more than three decades of industry leadership as one of the nation’s leading real estate investment firms. The company facilitates a path to success for its investor and development partners by providing equity for residential projects throughout the country, with a focus on the Western U.S. and Texas. A tactical partner and trusted fiduciary, IHP’s track record is built on experience, expertise and long-term sustained partnerships with well-known institutional investors and a wide range of the industry’s most notable builders and developers. For more information, visit www.IHPInc.com. Follow the company on LinkedIn.

About The Grupe Company

Founded in 1966, The Grupe Company, based in Stockton, Calif. is a highly experienced vertically integrated real estate development firm that has developed in 35 cities, creating 23 master-planned communities with over 50,000 single family lots, 15,000 apartment units across 100 communities, 8,000 single family homes in 60 different subdivisions, 2.6 million square feet of commercial and retail projects, and 28 self-storage facilities. Grupe has developed 10 multifamily properties totaling 2,952 units in the Sacramento MSA. For more information visit: www.grupe.com.