THE TRUE LIFE COMPANIES APPOINTS AIDAN BARRY EXECUTIVE VICE PRESIDENT


07-17-2020

Denver, CO – The True Life Companies (TTLC) is pleased to announce the appointment of Aidan Barry to the position of Executive Vice President. Barry’s appointment serves to further strengthen the core structure of TTLC, leveraging his experience and talents in entitlements, acquisitions and land development. His key responsibilities will include collaborating with his counterpart, Executive Vice President Scott Menard, on the management and oversight of the properties within the full TTLC investment portfolio to effect timely and successful dispositions for TTLC and its investment partners.

“Over the past ten years, Aidan has been a vital contributor to TTLC’s growth and expansion. His laser focus on maximizing returns while bringing new communities to the finish line is unparalleled. He combines keen analysis with creative vision, leading to community designs and thoughtful amenities that homebuilders need and homebuyers appreciate,” stated CEO Scott Clark.

Barry joined TTLC in 2010 at the San Ramon office in California, initially managing entitlements for the Company’s property sites in the Bay Area. In 2013 he moved to the Company’s Arizona office to grow that market, part of TTLC’s strategy to diversify assets geographically. Barry then returned to California in 2016 to build the Sacramento region. In the span of four years, he has repositioned TTLC’s portfolio in the greater Sacramento area to reflect TTLC’s investment strategy, centered on infill or infill-adjacent locations in key metro markets where job growth is strong and attainably priced housing is in scarce supply.

Since returning to the Sacramento office for TTLC in 2016, Barry has succeeded in building up the Sacramento area, bringing new properties into the portfolio, adding to its value. He has concentrated his efforts on perfecting the acquisition process and improving the entitlement process, while enhancing the disposition process for both infill properties and the larger properties that form TTLC’s assets.

One of his key achievements in Sacramento, Barry led the development of the master plan, Sterling Meadows, in Elk Grove. Composed of over 800 homesites, under the leadership of Barry, the Sacramento team obtained entitlements on the first phase of the property in 2017 and completed development of the first phase of 489 homes to finished lot condition. Barry subsequently negotiated the sale of Phase I to homebuilders Richmond American, Lennar and K Hovnanian Homes. In addition, Barry oversaw completion of the master plan’s 13+-acre community park, Kammerer Family Park, through TTLC Development, a business unit of TTLC. This public park includes play areas, soccer fields, baseball fields, picnic areas, an amphitheater and much more. The balance of the homesites in Phase II was sold to Lennar Homes in 2019.

Barry brings his advanced skill set to the Company’s full portfolio in his new role. “This is an important opportunity to apply the refinements made in Sacramento across the entire platform. Our objective is to increase our efficiencies as we continue to scale the business. I’ll be working more closely alongside my counterpart, Executive Vice President Scott Menard, and collaborating with others on the Executive team to deliver on the business plan for TTLC.” said Barry.

Originally from the Bay Area, Barry has a broad background in construction and entitlements, with past experience on prominent master plans in the region.  Formerly at Catellus, as First Vice President, Barry served as the General Manager for a partnership composed of Shea Homes, Shea Properties and Centex Homes on Alameda Point, a mixed-use master plan on 2,200 acres. Barry also served as Vice President of Construction for twelve years at Harbor Bay Isle, where he managed both vertical and horizontal development for this master plan encompassing 3,000 homes and 2 million square feet of office space. Prior to that, at DeSilva Group, he worked on redevelopment opportunities throughout Northern California.

“Since 2014 we have been selecting our investments with the intention to develop a single portfolio that is diversified across several regions. That is now in place and, as we expand and grow our portfolio, we are refining our analysis and our process consistently to deliver optimal results. Combining our central leadership to fold in the talents and expertise of Barry and Menard will enhance our results. We’re looking forward to Barry’s continued contributions to our success.” stated Clark.

TTLC’s portfolio currently contains assets in the Sacramento region, the Bay Area, Southern California and the greater Denver metro region in Colorado.

About The True Life Companies

The True Life Companies is composed of a team of highly successful residential real estate professionals who work together with property owners, municipalities, and local stakeholders to address the need for critically-needed attainable housing solutions in our metro regions. TTLC seeks to establish suburban and urban housing options that are the result of insightful research, innovative planning, and creative collaboration. TTLC is headquartered in Denver, Colorado, with offices in San Ramon, Folsom, and Irvine, California. For more information on TTLC’s portfolio, including their active properties, visit www.TheTrueLifeCompanies.com or visit www.facebook.com/thetruelifecompanies .

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