Colorado Real Estate Journal -
William Lyon Homes Inc., a California homebuilder, along with Village Homes, consisting of Lowe Development and Real Capital Solutions, acquired 221 platted lots in the Southshore at Aurora Subdivision at the northeast corner of Arapahoe and Powhaton roads. The purchase price of $19.66 million was verified by Arapahoe County Clerk and Recorders records. Jim Capecelatro and Mike Kboudi of Cassidy Turley represented the grantor. The seller was hedge fund billionaire John Paulson of Paulson Property Management in New York City. Public records listed his company as Southshore Recovery Acquisitions LLC, in care of Raintree Investment Corp. Paulson acquired the property from Residential Funding Co. in November 2009 for $14.5 million. Residential Funding acquired the property via a public trustee’s foreclosure sale (confirmation deed) in September 2009 from WL Homes. “There was a one-month bid process, and then the best and final bid was awarded,” said Capecelatro.