What Raintree Investment Corporation does

Raintree Investment Corporation is a privately held residential real estate development firm headquartered in Salt Lake City, Utah, that develops master-planned communities across seven western US states (California, Colorado, Nevada, Arizona, Utah, Texas, and Idaho). The company operates in long-standing partnership with Cross Lake Partners, sourcing raw and often distressed land, driving it through entitlement and infrastructure buildout, and monetizing via two primary channels: (1) bulk finished-lot sales to large public homebuilders such as Lennar, Toll Brothers, Pulte, Taylor Morrison, Richmond American, Blue Heron, and PH Omni; and (2) direct homebuilding under the Raintree brand, notably the Vantage and Willow 38 communities. As of mid-2025 the active portfolio comprises 11 master plans — including the 8,000-acre Jordanelle Ridge and Marcella Club in Heber City, UT; the 3,600-acre Lake Las Vegas resort community in Henderson, NV; and Green Valley MPC in Perris, CA — alongside 6 completed communities in California, Nevada, and Arizona.

The company's flagship asset is the Marcella Club near Park City, UT, a golf-ski private membership community built around an 18-hole Tiger Woods/TGR Design championship course at Utah's highest elevation, an Olson Kundig-designed ski lodge at the adjacent Mayflower Resort, and Sotheby's-served ski-in/ski-out lots priced from $2.4M to $4.5M. Raintree also monetizes ancillary recurring revenue through Marcella Club memberships (capped at 500, restricted to community buyers). Pricing across the portfolio ranges from entry-level townhomes near $500K (Jordanelle Ridge, Willow 38) to luxury single-family homes above $1.7M (Blue Heron Arvada at Lake Las Vegas). Operational scale is evidenced by 302 new home sales at Lake Las Vegas in 2023 (42% YoY growth), 700+ lots delivered at Green Valley MPC, and 200+ homes sold at Jordanelle Ridge, all supported by a lean team of approximately 17 staff plus division presidents covering each active state.

Revenue is not publicly disclosed, and the company is closely held with no disclosed investors, funding rounds, or financial statements. The business model is asset-heavy and capital-intensive, dependent on land acquisition, municipal entitlement processes, infrastructure capex, and builder take-down cadence, with structural moats derived from entitled land supply, builder relationships, and branded resort amenities rather than technology.

Name

Raintree Investment Corporation

Legal name

Raintree Investment Corporation

Website

https://raintreeinvestmentcorp.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Raintree Investment Corporation is a privately held Salt Lake City-based residential land developer that, in partnership with Cross Lake Partners, builds master-planned communities across seven western US states and sells finished lots to national homebuilders while also developing luxury resort and direct-homebuilding projects like Marcella, Lake Las Vegas, and Jordanelle Ridge.

Ownership category

akta.pro rank

Product category

Master-Planned Residential Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Master-planned communities
• Residential land development
• Real estate development
• Community development
• Lot sales

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Land Development and Lot Sales: Acquires undeveloped or distressed land, processes entitlements, installs infrastructure, and sells finished lots to national and regional homebuilders. Primary revenue stream from bulk lot sales to builder partners.
2. Homebuilding Operations: Direct homebuilding operations including Vantage at Lake Las Vegas (37 production homes) and Willow 38 townhome community. Full-cycle development from land to finished homes sold directly to buyers.
3. Community Membership and Amenities: Marcella Club memberships providing access to ski and golf amenities at exclusive private communities. Only buyers within Marcella communities eligible for membership.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Raintree Investment Corporation acquires undeveloped or distressed land, processes entitlements and permits, installs infrastructure, and develops master-planned residential communities across seven western U.S. states. The company sells finished lots in bulk to national homebuilders such as Lennar, Toll Brothers, and Pulte, and also develops and sells homes directly through projects such as Vantage at Lake Las Vegas and Willow 38 townhomes. Its portfolio includes 11 active master-planned communities featuring golf courses, sports clubs, trails, parks, and resort amenities, with exclusive offerings such as Marcella Club memberships for golf and ski access.

Product overview

Raintree Investment Corporation is a residential real estate development firm that develops master-planned communities across the western United States. The company operates a portfolio of active master-planned communities including Jordanelle Ridge (Utah), Lake Las Vegas (Nevada), Marcella (Utah), Green Valley (California), McSweeny Farms (California), White Rock Springs Ranch (California), Colliers Hill (Colorado), Crystal Valley Ranch (Colorado), Southshore (Colorado), Amazon Falls Townhomes (Idaho), and Willow 38 Townhomes (Arizona). The company also has completed communities including St Cloud (California), Vantage (Nevada), Reflection Bay (Nevada), The Falls (Nevada), Annecy (Arizona), and Tuscano (Arizona). Developments feature various home types from townhomes to custom luxury homes, with amenities including golf courses, sports clubs, parks, and trails. Raintree partners with national homebuilders such as Lennar, Toll Brothers, Pulte, and Blue Heron.

Differentiator

Problem solved

Functional benefit

Products and services

• Jordanelle Ridge

Quantifiable outcome

• Lake Las Vegas sold 302 new homes in 2023, 42% increase over 212 in 2022
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and flagship.

• Land Advisors OrganizationcoreChannel Partner/ Reseller/ Distributor · 1 October 2023Nation's largest land brokerage firm represented the seller in the sale of nearly 50 acres within Green Valley MPC to Lennar Homes. Facilitated sale of 191 single-family detached lots.
• Cross Lake PartnerscoreStrategic or Co-development PartnerPrimary development partner for master-planned residential communities in the western United States. Cross Lake Partners/Raintree Investment Corporation entity sells land and develops communities together, including Green Valley MPC in Perris, CA.
• TGR Design (Tiger Woods)flagshipStrategic or Co-development PartnerTiger Woods and his golf course design firm TGR Design are designing an 18-hole championship golf course at Marcella Club near Park City, Utah. The course will be 8,000 yards at the highest elevation in Utah, part of a 36-hole facility.
• Blue HeroncoreStrategic or Co-development PartnerBlue Heron and its boutique communities division Blue Heron Nexus build luxury homes at Lake Las Vegas, including The Island development with Arvada and Velaris communities. Blue Heron builds custom lakefront homes with indoor-outdoor living design.
• Sotheby's International RealtycoreChannel Partner/ Reseller/ DistributorThomas Wright, CEO of Sotheby's International Realty, serves as exclusive realtor for Marcella Mountain ski-in/ski-out lots ($2.4M-$4.5M) and Marcella Club memberships.
• City of PerriscoreStrategic or Co-development PartnerPartnership with City of Perris on Green Valley community development, including 30-acre Green Valley Park (largest open space in Perris) scheduled for completion in late 2025.
• Sorenson Legacy FoundationcoreStrategic or Co-development PartnerThe foundation established by James LeVoy Sorenson and Beverley Taylor Sorenson owns the Jordanelle Ridge property and partnered with Raintree for development. Proceeds benefit Utah charities over the 20-year development.
• Olson KundigflagshipStrategic or Co-development PartnerRenowned architectural firm designing the ski lodge at Marcella Mountain, part of the Mayflower Resort near Park City, Utah.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Five Point Holdings: Master-planned community developer of large-scale residential and mixed-use communities (Great Park Neighborhoods, Valencia). The closest pure-play public MPC peer to Raintree's entitled-lot and amenitized-community model.
• Shea Homes: Large private Western US homebuilder and community developer operating in California, Arizona, Nevada, and Colorado. Comparable to Raintree's hybrid land-development-plus-direct-build approach in the same geographies.
• Forestar Group: Pure-play residential land developer majority-owned by D.R. Horton, focused on acquiring and developing entitled residential lots across high-growth US markets. The most direct business-model peer to Raintree's bulk lot-sale pipeline.
• TRI Pointe Homes: Public Western US homebuilder with an integrated land development arm operating in California, Arizona, Nevada, Colorado, and Washington. Runs a hybrid land-plus-homebuilder model that closely mirrors Raintree's JV-driven MPC development.
• Landsea Homes: Public Western US-focused homebuilder with integrated land acquisition and development primarily in California, Arizona, Nevada, and Texas. A smaller-scale peer operating a similar MPC-style development model in overlapping geographies.

Broad incumbents

• Toll Brothers: National luxury homebuilder with internal land development; a Raintree builder partner at Jordanelle Ridge and Lake Las Vegas. Comparable both as a customer of Raintree lots and as a broad incumbent competing in the same luxury and move-up segments.
• Lennar: Largest US homebuilder with a significant land acquisition arm (Lennar Land); purchased 191 lots from Raintree at Green Valley. Comparable as both a customer of Raintree lots and a broad incumbent shaping Western US lot pricing dynamics.
• Taylor Morrison: Top-5 US homebuilder active across Raintree's footprint; holding 500 lots at Lake Las Vegas. Comparable both as a customer of Raintree's finished lots and as a competitor in the move-up and luxury segments.
• D.R. Horton: Largest US homebuilder with broad Western US presence and parent of Forestar Group. Comparable as a homebuilder customer of bulk lots and as a broad incumbent shaping market dynamics across Raintree's geographies.
• PulteGroup: National homebuilder with significant Western US operations; builder partner at Jordanelle Ridge (Deep Creek collection). Comparable as a customer of Raintree lots and as a broad incumbent in the move-up segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/raintree-investment

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raintree Investment Corporation