• IHP Capital Partners and The Grupe Company acquired a 2.6-acre site in Pleasanton, California, through their joint venture.
• The Black Ave development will comprise 59 three-story, for-sale townhomes, including nine below-market-rate homes.
• Vertical construction is expected to begin in April 2027; initial home sales are planned for fall 2027.
• Black Ave is the partners' second recent project, following the 57-townhome Aria community in San Ramon.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IHP Capital Partners published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.