San Ramon-based Trumark Homes has sold a portion of a major housing project it’s developing that would bring several hundred homes to eastern Dublin, public records show.Taylor Morrison, a Scottsdale, Arizona-based home builder, purchased one neighborhood of 85 finished lots in the Francis Ranch housing project on Croak Road that is currently under development last week. The whole project, helmed by Trumark and Pasadena-based Arroyo Capital, will feature more than 570 homes across six neighborhoods.Trumark and Arroyo purchased 162 acres of land last September, acting through affiliates, for $164 million, according to records from the Alameda County Assessor’s Office. Croak Properties, an affiliate of the Croak family who owned the land, sold it to Trumark in September for $164 million. Trumark then immediately sold it to Arroyo, a real estate investor, for $140.6 million.Arroyo buys stakes in residential projects nationwide and invests with home builders and developers. It has bought stake in residential projects across the East Bay.Tony Bosowski, Northern California Division President at Trumark Homes, said Taylor Morrison is slated to start building homes this summer in what will be the first of six neighborhoods in Francis Ranch.“Reflecting years of thoughtful, collaborative planning, Francis Ranch will bring additional needed housing to Dublin along with sizable dedicated open space. In Taylor Morrison, we found a respected and like-minded partner to help us kick off the construction of this community,” Bosowski said in an email to the Business Times. “Trumark Homes is co …
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