Click here to close now.



Welcome!

News Feed Item

The True Life Companies Expands Its Land Acquisition Team With Opening of Southern California Division

Capital Is in Place and Deals Are in the Works

NEWPORT BEACH, CA -- (Marketwired) -- 05/22/14 -- The True Life Companies (TTLC), the premier provider of lots and land to America's top homebuilders, has expanded its land acquisition activities with the opening of a new Southern California Division that already has capital in place and a number of transactions in progress. With offices at 23 Corporate Plaza, Suite 150, in Newport Beach, the division will cover six counties: Los Angeles, Ventura, Orange, San Diego, Riverside and San Bernardino.

"Southern California's dynamic geographic markets and diverse housing needs provide extraordinary opportunities to expand our acquisition and entitlement platform. Most major markets have sustained price appreciation that have led to a substantial decline of available homesites and entitled lots," stated Taber Anderson, CIO of TTLC. "TTLC is poised to capitalize on supply-constrained markets where barriers to entry require expertise in land optimization."

Heading the Southern California Division as its managing director is veteran homebuilding industry executive David Hendryx. David has a wealth of experience in land acquisition and financial deal structuring, as well as raising capital. He has worked for an array of homebuilders, including his most recent affiliation with Lennar's California Coastal Division, where he underwrote and closed a significant number of land deals.

"Our initial acquisition efforts have been targeted to opportunities in employment-central locations in Los Angeles, Orange and San Diego Counties where competition has been and will continue to be brisk," Hendryx commented. "We see improved quality of deal flow as we extend our reach to commuter markets in the Inland Empire and the lifestyle and life-stage-driven desert communities. We are emphasizing and dedicating substantial resources in locating infill projects in Orange, San Diego, Los Angeles and Ventura counties where mixed-use higher-density residential uses will revitalize communities and provide new home opportunities in mature and transitioning neighborhoods along with traditional detached homes in premium locations. We anticipate strong demand for these projects, which provide builders with opportunities to exceed their business plans with dependable top- line revenue and solid sales absorptions."

In addition, TTLC has capital in place for future acquisitions through its investment arm, Verravita Capital. Deron Bocks, President and Managing Partner of Verravita Capital, stated, "Verravita provides TTLC the necessary financial support, which enables them to enter a market and purchase desirable properties that are immediately available. It gives TTLC the capacity to stay nimble, and to purchase A-rated properties.

"The leadership team at The True Life Companies has created a fully integrated business platform that is positioned to take advantage of the tremendous opportunity that exists today in the residential land acquisition, entitlement and development field," continued Anderson. "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 will continue to grow as we expand our efforts in Southern California, and they 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."

With several projects in various stages of development throughout California, Colorado, Arizona, and Hawaii, TTLC is based in San Ramon, Calif. with regional offices in Sacramento, CA; Phoenix, AZ; Denver, CO; and its newest office in Newport Beach, CA.

TTLC is a strategic real estate investment and management firm composed of top-tier professionals with over 250 years of combined industry experience in acquisitions, development, management and homebuilding. This cohesive team of experts focuses on optimizing value, employing replicable, scalable business models through innovative acquisition and management strategies. For more information regarding TTLC's land acquisition or recreational master-plan portfolio visit www.TheTrueLifeCompanies.com or visit www.facebook.com/thetruelifecompanies.

Contact:
Fran Bangert
Kovach Marketing
714-335-9646
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
With microservices, SOA and distributed architectures becoming more popular, it is becoming increasingly harder to keep track of where time is spent in a distributed application when trying to diagnose performance problems. Distributed tracing systems attempt to address this problem by following application requests across service boundaries, persisting metadata along the way that provide context for fine-grained performance monitoring.
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The maker of automated server migration software reports sales bookings increased 460 percent year-over-year and last week IDC forecast spending on public cloud services will grow to more than $141 billion in 2019. Seems (at last) we are at the tipping point where enterprises are adopting cloud in a big way opening opportunities for those who can help with the transition.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.