In April of 2019 this property was acquired through a joint venture partnership between Mosaic and Monument Realty Partners. The investment is to hold the property through the land development phase and sell finished lots to home builders. The site sits on 147 acres of land in a park within Montgomery Village in Montgomery County, Maryland. Previously the site of the Montgomery Village Golf Club, the property has recently undergone all necessary land use approvals to become one of the largest undeveloped tracts of land in the county that can accommodate residential development. NVR, Inc. (the parent company of Ryan Homes) has agreed to purchase all 510 available lots upon their completion, and will purchase them in quarterly takedowns. The site has excellent connectivity to the surrounding market with close proximity to the I-270 corridor and various employment centers.