PRESCOTT, AZ –The True Life Companies (TTLC) has joined with Harvard
Investments Inc. to
announce their new partnership as developers of Talking Rock, a 3,400-acre
private golf course community located 14 miles outside of the high country city
of Prescott, Arizona.
Talking
Rock has been honored
with the building industry’s Gold Nugget award for excellence and with
approximately 652 homesites sold, 178 completed homes and 10 under construction,
it is experiencing a high level of continuing success. Both primary and second
home buyers have been attracted by this community’s four season lifestyle with
its stunning collection of completed
amenities, including an 18-hole Jay Morrish-designed golf course, extensive
hiking and biking trails, community garden, swimming complex, tennis courts,
clubhouse, restaurant, fitness center, general store, dog park and gate house.
“With the improving real
estate market and the support of TTLC, we are ready to take Talking Rock to the
next level,” stated Craig Krumwiede, president of Harvard Investments, the
community’s original developer. “We believe TTLC is the perfect partner and
well-positioned to support the continuing growth of the Talking Rock community.
Talking Rock is one of the most successful communities in northern Arizona, and
we welcome the opportunity to work together with TTLC to continue to provide
the Northern Arizona region with a premier resort lifestyle destination.”
“Talking Rock provides
TTLC with a unique opportunity to capitalize on a proven and growing market,”
stated Taber Anderson, principal of TTLC. “The recovery
we’re experiencing in the luxury residential market has brought both primary
and second home buyers and luxury builders back to the table in search of land
and homesite opportunities in proven developments and markets at a time when
the supply is severely constrained. With Talking Rock’s already completed
resort lifestyle amenities and expertly laid out master plan we have the
ability to provide the opportunities to allow consumers and builders to
capitalize upon the housing recovery and to fulfill immediate demand. We are
also eagerly anticipating the long awaited introduction of new phases of golf
course and panoramic view homesites.”
Talking Rock encompasses
over 1,000 finished and planned homesites and an extensive array of completed
amenities. The partnership plans to offer homes and homesites that appeal to a
broad range of prospective homebuyers, including those seeking a permanent
residence or vacation home as well as retirees. TTLC and Harvard Investments
envision a variety of new-home products, and exciting new themed neighborhoods
consistent with the already famous Talking Rock lifestyle.
Ranked #4 on Money magazine’s “Best Places to Retire”
list, Prescott is expected to experience strong growth over the next 10 years
as retiring baby boomers from Phoenix, Southern California and around the
country discover its small-town charm and its prime location close to many of
Arizona’s most popular outdoor attractions. The partnership of TTLC and Harvard
Investments is well-positioned to capitalize on that growth at Talking Rock.
With several projects in
various stages of development throughout California, Colorado and
Arizona, TTLC is based in San Ramon, Calif. with a regional office in Phoenix, Arizona
managed by Taber Anderson. TTLC plans to continue acquiring land and
communities throughout the western United States as a major provider of
entitled land and lots to the homebuilding industry in addition to its resort
lifestyle community business.
TTLC is a strategic real
estate investment and management firm composed of top-tier professionals with
over 150 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.
Harvard
Investments, Inc. is a real estate investment and
development company with holdings throughout the southwest including Arizona
and Texas. Headquartered in Scottsdale, Arizona, Harvard specializes in master planned residential development
including exclusive golf course communities on thousands of acres, custom home
developments and large master planned communities. Harvard is the United
States investment and development arm of The Hill Companies- the oldest land
development company in Canada,
which has operated as a privately held company since its inception in 1903. This year marks The Hill Companies 110th year of
continuous ownership. For more information about Harvard Investments visit www.HarvardInvestments.com.
