Residential, Arizona

In May 2010, Lexin acquired Tristanos which comprises partially completed single-family lots encompassing 19.7 acres. The property is located at the northeast corner of Dobbins Road and 27th Avenue, in the South Mountain area of Phoenix, Arizona, less than ten miles from Downtown Phoenix and less than two miles from South Mountain Park. South Mountain Park is the largest municipal park in the country featuring over 50 miles of primary trails for horseback riding, mountain biking and hiking. Since the late 1990s, the South Mountain area has been undergoing rapid development with acres of agricultural fields being transitioned to residential and commercial uses. Improving access to shopping, schools, recreational facilities and employment centers bodes well for the continued growth of the area for the foreseeable future.