SOURCE: The True Life Companies
FLAGSTAFF, AZ--(Marketwire - Nov 14, 2012) - The True Life Companies (TTLC), one of the country's most respected strategic real estate investment and management firms, has accelerated its expansion into Arizona with the acquisition of The Pine Canyon Club and Residential Community, a 600+-acre, private, luxury golf course community in the high country of Flagstaff, Arizona. Headquartered in San Ramon, California with a regional office in Phoenix, TTLC completed the acquisition on November 2 capping a complex transaction that spanned well over six months.
Located adjacent to the Coconino National Forest within the city of Flagstaff in a setting with stunning views of the San Francisco Peaks, Pine Canyon is currently offering five residential collections: detached mountain cabins, paired homes, townhome trios and custom estate homes and homesites. The community also boasts an award-winning 35,000-square-foot clubhouse featuring a state-of-the-art fitness center, full-service spa, private dining room, mixed-grill, fine-dining restaurant and cocktail lounge. In addition, Camp Pine Canyon, is the home of the onsite kids camp featuring a large recreational pool, water slide, tennis courts and snack bar. Just across the golf practice park is Trout Creek Park, an extensive private creek and fishing ponds system stocked with trout and bass. Pine Canyon's centerpiece is an 18-hole championship golf course designed by renowned golf course architect Jay Morrish plus an island green 19th hole that is surrounded by one of Pine Canyon's largest ponds.
Scott Clark, CEO and Managing Partner of TTLC, stated, "Our acquisition of this premier property in Flagstaff is the latest example of our unique expertise, which gives us the ability to find opportunities in the current real estate market before they emerge and move quickly in order to take advantage of them. Pine Canyon is a singular, first-class property in an ideal location. Our goal is to enhance the original design, build out the current plan and tailor it to second-home and vacation-home buyers in today's real estate market."
Taber Anderson, TTLC's' Principal and CIO who is spearheading the company's acquisitions with a particular focus on resort and recreational master plans along with being a reliable supplier of land and lots to large homebuilders, added, "Pine Canyon is a strategic opportunity for our company toward becoming one of the premier golf course community developers in the Western United States in this new economy. We are actively pursuing additional master plan opportunities throughout the West, and with our capital and unique ability to transform a good property into something truly superior, TTLC has the ability and vision to ensure the success of these types of projects."
TTLC focus their investments and acquisitions on unique niche opportunities in key Western metro markets where economic recovery is anticipated to occur first. This includes areas such as Phoenix, Tucson, Flagstaff, Denver, the Bay Area, and Los Angeles and San Diego Counties where the housing markets have shown signs of stabilizing and early indications of sustained growth. "Our strategy is to identify and purchase land in partially completed subdivisions and large community developments that can be re-invigorated and re-launched in the current market at favorable competitive price points," Clark explained.
As the senior architect of the company's growth, Clark's vision has propelled the company forward while other similar companies have stayed back or even dissolved. The company has acquired nine subdivisions over the past two years and plans on completing several new acquisitions over the next 12 months that will build the company's portfolio to over 8,000 lots.
The True Life Companies (TTLC) is a strategic real estate investment and management firm composed of top-tier professionals with over 150 years of combined industry experience in all facets of real estate acquisitions, development, management and homebuilding. The company plans to acquire and supply land for new-home neighborhoods throughout the western United States as a major source of finished lots to the industry. TTLC derives its name from their dedication as stewards of the American Dream, creating communities of enduring value and establishing relationships based on a long-standing tradition of honesty and trust - creating the foundation that leads to brighter futures. For more information visit www.thetruelifecompanies.com.