SAN RAMON, CA – Real estate
continues to gain momentum in major metro markets across the country with sales
and prices continuing their positive rise. Foreseeing this trend since 2009, The
True Life Companies
(TTLC) has positioned itself for success with a keen focus on acquiring prime real
estate in targeted metro areas where they can fulfill the accelerating demand
experienced by both home builders and retail consumers.
That demand has been
heightened by several positive indicators, according to recent data provided by
S&P Dow Jones for its S&P/Case-Shiller Home Price Indices, the leading
measure of U.S. home prices, showing that the 10-City and 20-City Composites
posted year-over-year gains of 13.6%, the highest gain since February 2006. The
West continues to lead the housing recovery with top rankings in: San Francisco
at 24.6%, Los Angeles at 22.2%, and San Diego at 19.7%, followed by Phoenix at
19%. Denver, another key market for TTLC in the top 20, is also looking strong at
9.5%.
Anticipating those trends,
over the past 18 months, TTLC has aggressively cultivated prime residential land opportunities offering premier
locations for homebuilders intent on satisfying the increasing demand in key
metro markets in the Western U.S. Since
their most aggressive push began 18 months ago, TTLC has now grown their portfolio to over 7,000 lots sited on more than
8,000 acres. To continue its robust acquisition strategy, the company is
working with private equity sources raising additional capital as it works to
build their operation as the premier provider of lots and land to America’s top
homebuilders.
In the realm of residential
development opportunities, the company is targeting raw land and partially
entitled land and lots, all of which can be developed into final mapped or
platted lots, or finished lots ready for “just in time” delivery to home
builders. The latest example of their success is Rancho Vistoso, a partially completed master plan in
Oro Valley (NW Tucson), Arizona. The company acquired the majority of the final
acreage available for development within the master plan, just under 200 acres,
in August of 2012 and sold 123 acres of this prime infill residential property to
Maracay Homes (Weyerhauser) in October 2013. This property is considered one of
the best homebuilding opportunities in the region and attracted numerous offers
from builders upon the initial acquisition by TTLC. “The sale to Maracay Homes
is an excellent example of how TTLC has become a strong and important supplier
of land to a major home builder. Both
TTLC and Maracay worked in concert to create a thoughtful acquisition structure
for Maracay and jointly entitle the property to set the stage for what will be
one of the area’s most exciting and creative new communities,” stated Taber Anderson, Chief Investment Officer of TTLC.
“The leadership team at
The True Life Companies has created a fully integrated business platform that
is perfectly positioned to take advantage of the tremendous opportunity that
exists today in the residential land acquisition, entitlement and development
field,” stated Scott Clark, CEO of TTLC. “We have a talented
team of experienced professionals, an existing portfolio of properties acquired
on very attractive terms, and a robust pipeline of new opportunities in escrow
or under contract. Those advantages make The True Life Companies an ideal strategic
partner for capital or investment firms seeking optimum ROI while gaining prime
access to the single-family residential sector of the real estate industry.”
For more information regarding TTLC visit www.thetruelifecompanies.com or www.facebook.com/thetruelifecompanies.
