Real Estate Development Interests
In 1997 Aera Energy LLC formed a limited partnership with Toll
Brothers, Inc. to develop a residential and golf course
master-planned community in Yorba Linda, Calif. The 840-acre
property, known as Vista del Verde, is now commencing residential
sales in its third phase (
www.vistadelverde.com ). Vista del Verde is part of a larger
Aera ownership totaling more than 4,000 acres in Orange and Los
Angeles Counties. These lands will provide additional real estate
development opportunities as oil production operations are phased
out over the next several years.
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