Beverly Hills, CA, Sept. 27, 2012 (GLOBE NEWSWIRE) -- Beverly Hills based residential real estate development firm Alta Verde Group (AVG) is rapidly expanding its portfolio of regional properties -- the company has just revealed its intentions to forward major acquisitions in 2013.

"In 2013, the company plans to include new acquisitions in prime urban markets in keeping with the heritage of Class A residential developments," said David Kivitz, Vice President of Acquisitions.

This comes on the heels of the addition of three premier master plan residential developments in the Coachella Valley region. The company already closed on land contracts for approximately 300 homes for development this year.

AVG programmed more than $200 million in development in the region, specifically for the completion of three modern communities: Escena Golf Resort and Monte Sereno in Palm Springs, and Coral Mountain in La Quinta by PGA West. Both Palm Springs developments are currently pre-selling and Coral Mountain is expected to begin pre-sales in November.

"In a market where many development firms seemed to have simply gone into hibernation, Alta Verde has been quietly amassing land," said Andrew Adler, CEO of Alta Verde Group. "Our expansion in the desert region is a natural for us. We have a phrase that drives us: 'Where Design Matters.'  The emerging next wave of second home and retiring baby-boomers is looking for more serious architecture and design, than the cookie cutter McMansion home designs of 20 years ago."

Adler, who stewards the company's large scale acquisitions, has built a reputation for award- winning architectural design and communities. He has a history of successful major endeavors ranging from stunning dense urban developments and gated communities from Texas to California, having been awarded Builder of the Year in the Country by the National Association of Home Builders (NAHB) and Multifamily Developer of the Year from Multi-Housing News.

 For more information on Alta Verde visit: www.AltaVerdeGroup.com or 310-826-9200.

About Alta Verde Group

Beverly Hills-based Alta Verde Group is a residential real estate development firm creating elegant homes set in highly desirable neighborhoods. The principals' innovative architectural designs and forward-thinking business strategies have garnered the industry's highest awards, from Builder of the Year and Developer of the Year to Pillar of the Industry. The company, helmed by visionary CEO Andrew Adler, integrates exceptional architectural, interior and landscape design acumen with its depth of experience in all aspects of land acquisition, construction management and sales/marketing to create an ever-growing portfolio of highly successful real estate development ventures. Alta Verde is based in Beverly Hills, with an office in Rancho Mirage, CA. 315 South Beverly Drive, Suite 208, Beverly Hills, CA 90212. www. AltaVerdeGroup.com. 310-826-9200.