SOURCE: True Life Communities

True Life Communities

April 25, 2012 07:30 ET

True Life Communities Enters Colorado Market

SAN RAMON, CA--(Marketwire - Apr 25, 2012) - True Life Communities has entered the market in Colorado with full force through the acquisition of Fairfield Village in Aurora. This partially built subdivision is composed of duplex homes and 48 finished lots available for construction. The site was chosen because of the wealth of recreational amenities in the Aurora submarket, close proximity to shopping, and easy access to the I-225 and E-470, and the Denver Tech Center.

"This acquisition heralds our full entry into the Colorado market," stated Scott Clark, Managing Partner and CEO of True Life Communities. "We have had Colorado in our sights for some time, waiting for the appropriate time in the market and the right opportunity. This is it. We believe that this area, the greater Denver metro market, is on the mend and we've been tracking activity here for the past year and a half with our local team on the ground."

The first phase of the purchase was completed just two weeks ago, and two remaining phased take-downs will be completed later this year. The company plans to begin construction on an initial 8 homes, including a sales office and model home. Prices of the homes are anticipated to average in the mid $200,000s.

The company had purchased several lots in another partially completed subdivision in the Cherry Creek suburb of Denver last year, and they begin sales and construction on those infill lots this year. That smaller purchase provided the opportunity to test the waters.

"We look forward to bringing employment to the area, completing the existing neighborhood and adding value for the homeowners already living in the community, and contributing to the growth of the area in general," said Clark.

True Life Communities is also looking into opportunities in the Arizona markets, and continues to acquire land and partially built subdivisions in the California markets, both Northern and Southern sections of the state. They currently have five neighborhoods actively selling; one located in Southern California and four in Northern California.

True Life Communities is a diversified real estate investment, consulting and construction firm specializing in land development and home building activities. Located in San Ramon, California, the company plans to develop land and build new home neighborhoods throughout the Western United States, focusing on thoughtful attention to detail to create communities of enduring value. The company is founded on a long standing tradition of honesty and trust, and guided by a team of 14 industry experts with a collective 300 years of industry experience. True Life Communities derives its name from its dedication of building homes that embrace life's true moments -- first steps, graduations, reunions. This firmly held belief is the inspiration for all their homes and developments. For more information visit their website at www.TrueLifeCommunities.com.

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