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HomeFed Corporation (HOFD) [hlAlert]

HomeFed Corporation (HomeFed) is engaged, directly and through subsidiaries, in the investment and development of residential real estate projects in California. The Company also investigates the acquisition of real estate projects, both residential and commercial, within and outside California. The Company?s development projects consist of two master-planned communities
located in San Diego County, California: San Elijo Hills, and a portion of the Otay Ranch planning area. The Company also owns the Rampage property, a 1,544 acre grape vineyard located in southern Madera County, California, which is not entitled for commercial or residential development. The San Elijo Hills project is located in the City of San Marcos in San Diego County, California. It focuses on becoming a community of approximately 3,500 homes and apartments, as well as a commercial and residential Towncenter. Otay Ranch is located in a growing residential area northwest of Fresno, California.
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