SARATOGA — A land bank subsidiary of a private equity firm bought a century-old vineyard in Saratoga in a $100 million-plus deal that leaves Lennar Homes poised to develop housing on the site.
Essential Housing Asset Management, a unit of investment firm TPG Angelo Gordon, acted through an affiliate to pay $109.7 million for the 12.1-acre property at 14001 Chester Ave., documents filed on July 1 with the Santa Clara County Recorder’s Office show.
Residential builder Lennar Homes is listed in the grant deed as working with Essential Housing on the site…