SAN RAMON, CA –The True Life Companies (TTLC) is engaged in actively targeting land development opportunities for purchase and then readying those parcels for sale to homebuilders. That forward-thinking strategy has allowed TTLC to positively impact a competitive homebuilding market.
“We are actually fueling the homebuilding industry by anticipating the needs of its future. This has allowed TTLC to grow at an incredible pace and we’re already seeing our hard work come to fruition in the Bay Area,” said Scott Clark, Founder and CEO of The True Life Companies.
Among those successes is the Mahuron property, a four-acre parcel of land, centrally located in the King and Dobbin Transit Village area, that TTLC successfully entitled for 109 attached homes. The land, acquired in July 2014, was subsequently sold to Pulte Homes in November 2015 after securing approvals for a Tentative Map and Planned Development Permit.
“Mahuron is a great example of seeing the potential in an area undergoing a significant transformation and the TTLC team working to entitle the right project to meet today’s market demands. That’s the kind of vision that ranks TTLC as an innovator in the land development industry and why I was excited to join the company,” said Kelly C. Beardslee, The True Life Companies’ new Managing Director for the Bay Area.
Beardslee joined TTLC in November and is a Bay Area native with extensive commercial and residential experience over his 20 year career. Leveraging his background at Cushman & Wakefield, Shorenstein Company and KB Home, as well as nearly 10 years as a Partner at boutique investment company Seaview Ventures, LLC, Beardslee will lead TTLC’s highly experienced Bay Area team to execute on the company’s aggressive growth strategy.
In addition to Mahuron, TTLC also enjoyed the success of the adjacent Dobbin Drive project. Acquired in February 2014, these two parcels consisting of nearly six acres were revitalized, eventually yielding 131 attached homes through a highly effective entitlement process. The property was sold to Pulte Homes in May of 2015 after just 14 months.
“Land acquisition and entitlements can be very complicated, but TTLC has perfected and streamlined the process. This is what we do. We analyze land parcels not only for an optimum use of space, but for the betterment of society and modern life,” Scott Clark added. “We have done all the upfront due diligence. All a developer has to do is come in and build.”
As a major supplier of lots and land to America’s top homebuilders, TTLC has projects in various stages of entitlement throughout the United States. Over the past five years, TTLC has rapidly expanded to keep up with this demand by opening regional offices in San Ramon, CA; Sacramento, CA; Phoenix, AZ; Denver, CO; Newport Beach, CA; Kona, HI; and Austin, TX.
For more information regarding TTLC’s residential land or recreational master-plan portfolio, visitwww.TheTrueLifeCompanies.com.
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