elacora new home in St. Augustine
elacora has created a great business environment for helping to capitalize and re-build the housing industry with a combination of in-house home building expertise, superior financial strength, and a commitment to the home building industry.
Louisville, CO (PRWEB) August 23, 2014
Real Capital Solutions Founder Marcel Arsenault has announced the launch of a new homebuilding company, elacora. RCS, a nationally focused investor of work-out and value-add properties, has a 30-year history of generating leading-edge performance in real estate, including Commercial, Apartment, Condominium and Homebuilding – with over $1 billion in managed assets. The company's homebuilding arm has acquired over $197 million in assets since 2008 with properties currently in Colorado, New Mexico, California, Oregon and Florida.
The launch of elacora allows RCS to utilize their vast real estate expertise to help fulfill a growing need for American housing. Arsenault sees home values growing 6-8% annually through 2017. He foresees that over the next three years, the industry will regain its footing, growing once again to over a million new homes constructed annually. Arsenault further predicts "housing will grow from 2013's 600,000 new homes to 800,000 new homes in 2014 and about 1 million the year after - a growth in the 25-35% range."
elacora was formed in the wake of the national housing downturn, which left seasoned industry experts sidelined from their profession. RCS was able to re-capitalize those experts and create a "dream team" of homebuilding professionals. RCS and Arsenault are banking on a long-term housing recovery, with plans to invest considerable dollars toward for-sale residential housing. Under the lead of Brian Paul, CEO of elacora, the company plans to invest $100 million into for-sale residential housing in 2014.
According to Paul, "elacora has created a great business environment for helping to capitalize and re-build the housing industry. A combination of in-house home building expertise, superior financial strength, commitment to the home building industry plus the local knowledge and expertise at the market level has given us a proven model for success.” Currently elacora has new home divisions in the Northeast Florida, Los Angeles and Denver markets and will be announcing new markets over the next few months. For more information on elacora homes, neighborhoods or markets, visit http://www.elacora.com.
About elacora
elacora, an affiliate of Real Capital Solutions, is a national homebuilding company created to provide new and remarkable home choices in distinctive communities, fostering long-term success for home buyers, landowners, developers and employees. Their expertise stems from decades of homebuilding experience, superior financial strength and the critical blend of national vision with local market knowledge. Highly committed to sustainability and reducing their environmental footprint, elacora brings a fresh new perspective to communities with powerful lifestyle and investment opportunities.