SOURCE: The True Life Companies

The True Life Companies

October 08, 2014 09:28 ET

The True Life Companies Increases Presence in the Bay Area Real Estate Market With Varde Partners, Inc.

SAN RAMON, CA--(Marketwired - Oct 8, 2014) - The True Life Companies (TTLC), the premier provider of lots and land to America's top homebuilders, announced today that it has increased its holdings in California's East Bay, which is adjacent to the booming Silicon Valley. The company, based in San Ramon, CA, has closed escrow on 3 acres planned for 78 attached homes. The property is located in Fremont, on the corner of Mission Boulevard and Stevenson Boulevard. TTLC acquired the property in a joint venture with Värde Partners, Inc., an investment manager based in Minneapolis, MN.

TTLC's expansion in the Bay Area is being spearheaded by the Managing Director in the region, Scott Menard, who has more than two decades of experience locally, and has held key positions with several large homebuilders, including Waypoint Homes, SummerHill Homes and Taylor Woodrow Homes (now Taylor Morrison).

Menard explains the appeal of the property: "This submarket of the Bay Area, bordering the Silicon Valley, is a high demand area. The location is exceptional with close proximity to jobs in the East Bay, and within an easy commute of major employers in San Jose and the rest of Silicon Valley. The property fits the 'sweet spot' for affordable homes in this submarket." Menard also noted that the company is very confident in the strength and stability of the Bay Area region and is actively pursuing multiple other opportunities to grow its portfolio in the area.

"The leadership team at The True Life Companies has created a fully integrated business platform that is perfectly positioned to take advantage of the tremendous opportunity that exists today in the residential land acquisition, entitlement and development field," stated Scott Clark, CEO of TTLC. "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 the Bay Area and other key markets."

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

The True Life Companies 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.

Värde Partners is a $9 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including corporate credit, residential mortgages, real estate, specialty finance, transportation and infrastructure. Founded in 1993 Värde Partners employs over 170 people with offices in Minneapolis, London and Singapore.

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