Terra Vista began accepting new tenants in early May as part of the Phase 1 opening off a planned 495 total residential units once fully completed. TRC is optimistic about the trends in leasing activity as of June 30, 2025, 49% of 84 delivered units were leased. The housing is expected to deliver convenience and affordability, as well as proximity to LA, which are factors that are expected to drive demand from Kern county and other residents, including TRCC employees and others. Once it is fully completed, we expect Terra Vista to create predictable recurring revenue streams over time that can help offset the lumpiness of results from other segments.

18 Aug 2025
TRC: 2Q25 Highlights Company Encouraged by Terra Vista Leasing Trends

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TRC: 2Q25 Highlights Company Encouraged by Terra Vista Leasing Trends
- Published:
18 Aug 2025 -
Author:
Marla Backer -
Pages:
7 -
Terra Vista began accepting new tenants in early May as part of the Phase 1 opening off a planned 495 total residential units once fully completed. TRC is optimistic about the trends in leasing activity as of June 30, 2025, 49% of 84 delivered units were leased. The housing is expected to deliver convenience and affordability, as well as proximity to LA, which are factors that are expected to drive demand from Kern county and other residents, including TRCC employees and others. Once it is fully completed, we expect Terra Vista to create predictable recurring revenue streams over time that can help offset the lumpiness of results from other segments.