SOURCE: The True Life Companies

The True Life Companies

April 13, 2015 11:04 ET

The True Life Companies Acquires 71-Acre Property for Affordable New Home Market in North San Diego County

VALLEY CENTER, CA--(Marketwired - Apr 13, 2015) -  Continuing its rapid expansion in the Western United States, The True Life Companies (TTLC) has acquired a 71-acre property that will become the site of a master-planned community offering some of the most affordably priced new homes in North San Diego County. Located in the community of Valley Center, the new project is TTLC's first large scale development in San Diego County and is planned to provide 318 single-family detached homes along with a commercial town center and an array of community amenities.

Named Park Circle, the community offers the opportunity to address the demands of several affordable market segments by providing a diversity of housing options for a variety of home- buyers. Community amenities are planned to include a 48,000-square-foot retail and commercial town center and a 3.5-acre public park featuring a trail network, sports courts, a dog park, event lawn and stage, barbecue/picnic areas, bocce ball court, horseshoe pit, fire rings and a splash pad for children. In addition, Park Circle is designed to include a private clubhouse with pool, spa, party-room, fitness center, pocket parks and a formal garden for community residents.

"This is an exceptional opportunity for The True Life Companies to expand its presence in Southern California," said David Hendryx, TTLC's Senior Managing Director. "Park Circle will enable us to take the lead in advancing San Diego County's long-range plans supporting growth in the formerly agricultural region, and it will make the San Diego County address uniquely attainable for today's families."

The community offers numerous advantages as a choice location in the area, particularly its location within a 20-minute drive of the city of Escondido, which provides access to the I-15 freeway, a primary artery leading to major employment centers throughout San Diego as well as the Temecula/Murrieta area.

Taber Anderson, Chief Investment Officer of TTLC, observed, "Park Circle reflects our strategy of pursuing land acquisitions and entitlements throughout the entire Southern California region, from infill sites in employment-central locations to properties in immediate path of growth in outlying areas within a reasonable commute of major employment. We are focused on residential land opportunities that fulfill the short and medium-term, needs of the growing population and homebuilders in the area."

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. Headquartered in San Ramon, CA, the company maintains regional offices in Sacramento, CA; Phoenix, AZ; Denver, CO; and Newport Beach, CA. For more information regarding TTLC's residential land or recreational master-plan portfolio visit www.TheTrueLifeCompanies.com.

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