San Ramon, California (PRWEB) February 29, 2012
True Life Communities, a real estate investment firm and development company headquartered in San Ramon, has aggressively been pursuing land acquisitions that make good financial sense in today’s market. Adding to their portfolio of infill developments, these properties offer the ability to generate new construction in an established area, which represents a remarkable niche opportunity. Not only does the company add value by completing the construction and sale of homes; they also purchase parcels where they undertake the land development and then sell the finished lots in turn to another builder for vertical construction.
Consistent with their aggressive pace, in the first weeks of 2012 the team at True Life Communities closed on another new subdivision, the third such property in as many months. This newest acquisition, Golden Oaks, is a partially built subdivision located in Hayward Hills near Cal State East Bay. The home sites range up the hillside off Hayward Boulevard, showing off the glittering waters of the Bay in the distance.
Composed of 5 lots, two lots have partially constructed homes that are 80% and 90% complete by the previous builder/owner. Interiors are finished with marble entry floors, sculpted carpet, deep mahogany stained cabinets, and granite counters. Upon the sales of the two standing homes, True Life Communities would begin construction on the remaining three lots. The company would also consider selling them to another builder as well. “With this type of property we have the ability to realize immediate cash flow which generates returns fairly quickly because of the standing inventory. At the same time, we have the option to sell the remaining lots in bulk if we receive a good offer and that can also generate a quicker return for our partners,” stated Scott Clark, Managing Partner and CEO of the company. “In any scenario, we like to have the option for more than one exit strategy. We’re a nimble organization, and the ability to move quickly in today’s market is paramount to a successful venture.”
That said, the company has a fair number of new home neighborhoods under construction with the full intention to build out and complete the home sales. The company will maintain this avenue of business as it fits their full business model.
True Life Communities has five actively selling neighborhoods now in California, all performing full sales and construction functions. The homes cover a range of prices and product types. Several are affordable single-family home communities such as Woodlands in Fair Oaks. This neighborhood is located in a highly desirable established suburb of Sacramento and the homes are priced in the mid to high $300,000’s. The community is 50% sold out and the final phase of homes is under construction. Other neighborhoods are luxury oriented, such as Silver Oaks in Pleasanton, a collection of semi-custom homes with prices beginning in the $1.3 Million range. The architectural designs at this neighborhood have been very well received and there are just two homes that remain for sale and yet to be built.
True Life Communities is a diversified real estate investment, consulting and construction firm specializing in land development and home building activities. Located in San Ramon, California, the company plans to develop land and build new home neighborhoods throughout the western United States, focusing on thoughtful attention to detail to create communities of enduring value. The company is founded on a longstanding tradition of honesty and trust, and guided by a team of 14 industry experts with a collective 300 years of industry experience. True Life Communities derives its name from its dedication to building homes that embrace life's true moments – first steps, graduations, reunions. This firmly held belief is the inspiration for all their homes and developments. For more information visit their website at http://www.TrueLifeCommunities.com.