SAN RAMON, CA
– Aiming for
accelerated growth in its home state, The
True Life Companies (TTLC), based in San Ramon, Calif., has announced a series of
key management appointments that will enhance its position as a leading
provider of entitled land and lots to the homebuilding industry.
Signaling
a renewed emphasis on the Southern California market, the company has appointed
David Hendryx to Managing Director of its Southern California region. In
addition, Derek Spalding has been promoted to Managing Director for the
Sacramento Valley, and Scott Menard has been named Managing Director in the San
Francisco Bay area.
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| David Hendryx |
Hendryx
will be responsible for land acquisition, entitlement and sales of
residential lots to merchant builders in all Southern California counties,
including LA/Ventura, Orange, San Diego, Riverside and San Bernardino. David has
a wealth of experience in land acquisition and financial deal structuring, as
well as strong capital relationships. He has worked for an array of home builders
over his 30 year career in the industry, holding key positions in many
well-known organizations, including COO of The Warmington Companies, Executive
Vice President of KB Home in the KB Home Coastal division, and founding partner
of The Warmington Land Company. His most recent affiliation with Lennar’s
California Coastal Division, underwriting and closing a significant number of
acquisitions in Los Angeles, Orange and San Diego counties, provides him with
real-time market awareness.
“David has time-tested relationships
with many of the homebuilders in the Southern California markets, notably in
Orange County and the Inland Empire,” stated Taber Anderson, TTLC’s Chief Investment
Officer. “His accomplished background, combined with his keen insight into
these markets, gives us the ability to enact our acquisition strategy with
precision in this region. He is well suited to play a major role in our
company’s growth.”
“Southern California’s dynamic
geographical markets and diverse housing needs provide extraordinary
opportunities for the company’s acquisition and entitlement platform,” stated
Hendryx. “We are early in the cycle rebound, with most major markets having
sustained a level of price appreciation supporting builder acquisitions and leading
to a substantial decline of finished homesites
and entitled lots. TTLC is poised to capitalize on these supply constrained
markets where barriers to entry require expertise in land optimization, and by
following the path of development in tertiary market areas within commute
distance to strong and improving employment centers.”
 |
| Derek Spalding |
Derek Spalding has been with TTLC since 2009 and was
recently promoted to Managing Director, Sacramento Region. Spalding has been a
key contributor to the growth of The True Life Companies, identifying and procuring several large
parcels in the Sacramento region just this year that will deliver more than
2,000 lots to fulfill the growing demand in that market. Prior to joining TTLC,
Spalding was a land acquisition executive with Pacific West Communities, DR
Horton and KB Home. His strong contacts and thorough knowledge of the Greater
Sacramento area translate to a strong presence for the Company in that rapidly recovering
housing market.
Scott Menard adds to the teams’ bench strength with an
extensive career in homebuilding in the Northern California markets spanning
more than 26 years. He has held executive-level or management positions with
such well-known companies as Waypoint Homes, Arbor Development Group, Summer
Hill Homes, Trumark Companies, Taylor Morrison Homes, Ryland Homes, Shea Homes
and Pinn Bros. Construction. Menard’s background as a Division President gives
him a broad knowledge base across all aspects of residential real estate
development. This expertise, combined with a keen understanding of market
dynamics, enable Menard to identify the strongest opportunities in the market
to satisfy TTLC’s growth plans.
 |
| Scott Menard |
“These latest additions to our team become a key factor
in realizing the goals and objectives that we have established as our business
plan over the next five years and beyond,” Scott Clark, President and CEO of
TTLC. ”Key partners of this caliber enable us to deepen what is already a solid
foundation, and capture the strategic opportunities we see in today’s
rebounding real estate market, allowing us to maintain our leadership role
delivering prime properties to the homebuilding industry.”
With several projects in various stages of development
throughout California, Colorado, Arizona and Hawaii, TTLC, is based in San
Ramon, Calif. with a rapidly growing regional office in Phoenix, Arizona. TTLC
plans to continue acquiring land throughout the western United States as a
major provider of entitled land and lots to the homebuilding industry.
TTLC is a strategic real estate investment and management firm
composed of top-tier professionals with over 250 years of combined industry
experience in acquisitions, development, management and homebuilding. Their
cohesive team of experts focuses on optimizing value, employing replicable,
scalable models through innovative acquisition and management strategies. For
more information regarding TTLC’s land acquisition or recreational master-plan
portfolio visit www.TheTrueLifeCompanies.com or visit www.facebook.com/thetruelifecompanies.
