SOURCE: Thomas Bradford Communities

Thomas Bradford Communities

January 07, 2015 17:25 ET

Real Estate Industry Veterans Join Forces to Launch Thomas Bradford Communities

New Residential Investment and Development Company Has Offices in Phoenix, Ariz., and Newport Beach, Calif.

NEWPORT BEACH, CA and PHOENIX, AZ--(Marketwired - Jan 7, 2015) - Real estate professionals Peter H. Thomas and Mitchell Bradford announced today the launch of Thomas Bradford Communities (TBC), their new residential investment and development company with offices in Phoenix, Ariz., and Newport Beach, Calif.

The company plans to acquire $100 million worth of residential assets in the next 24 - 30 months as the market continues to recover and grow. Their focus is on existing multifamily communities ranging in size from 50 to 400 units. TBC's strategy is to purchase mature properties in desirable locations and reposition them into communities that inspire and promote an authentic lifestyle free of the usual conventions.

"Residents seek unique locations and creative spaces to live, work and play," said Bradford, who has been in the residential housing business in California and Arizona for more than 30 years. "TBC transforms outdated properties by improving design and function to appeal to everyone from millennials to 'empty nesters' seeking a living environment that is hip, inviting and connects with their lifestyle." 

To fuel its aggressive growth plans, TBC is seeking existing apartment communities across the southwest with a special focus on Arizona, Southern California and Nevada. With an experienced management and investment team, TBC will grow its brand creating tremendous value for its investors in the process. "TBC's concept for creating communities begins with our core values of honesty, integrity, teamwork and inspiration -- and ends with satisfied, engaged and inspired residents," said Thomas, who also is founder and chairman of LifePilot, a British Columbia-based non-profit organization that seeks to empower people to live fulfilling, balanced lives and to realize their highest personal potential.

In keeping with that vision, Thomas and Bradford aspire to build communities that are relevant to their residents and that lead them to "love where they live." "We want people to feel good about where they live and to know we really care about creating positive environments for them to enjoy their lives," Thomas said.

Thomas is a Canadian entrepreneur, investor, author, public speaker and philanthropist. A leading real estate developer and lender in North America, he has developed several billion dollars of projects, including shopping centers, apartments and condominiums, land and golf courses, including the Four Seasons Resort in Scottsdale, Arizona. In 1976, Thomas founded Century 21 Real Estate Canada Ltd., where he served as chairman until 1987, when the company had $9 billion in annual sales and employed over 8000 sales representatives with over 400 franchises. In 1984, he founded Samoth Capital Corporation, a real estate financial services company now known as Sterling Centrecorp Inc.

Bradford has 30 years of experience in residential real estate development and investments. He has purchased and sold more than $600 million of properties in his career. He has served in senior roles at companies including Kaufman and Broad, William Lyon Homes and John Laing Homes, and since 2008 has acted as a principal and managing director of his own investment partnerships. During the "great recession," Bradford formed partnerships to acquire distressed assets in California, Nevada and Arizona. With the recovery of the real estate market, he has led and directed the acquisition of numerous multifamily assets. He has led his teams in the rebranding and repositioning of each property, creating significant lift in values and higher-than-projected returns for his investors.

About Thomas Bradford Communities
Thomas Bradford Communities (TBC) is a residential investment and development company with offices in Phoenix, Arizona, and Newport Beach, California. A key component of the company's focus is the purchase and repositioning of multifamily communities. With its unique approach to rebranding and recreating assets, TBC acquires mature properties and transforms them into contemporary, eclectic communities where residents of all ages can enjoy a redesigned living environment that inspires and propels an authentic lifestyle free of the usual conventions. www.thomasbradfordcommunities.com.