SOURCE: Trumark Communities

Trumark Communities

May 29, 2015 14:34 ET

Trumark Hires Veteran Developer to Grow Master Planned Community Business

COO Peter Kiesecker to Acquire and Manage Properties for Trumark Communities

NEWPORT BEACH, CA--(Marketwired - May 29, 2015) - Trumark Communities announced that it has hired Peter Kiesecker, a former executive at Standard Pacific Homes with more than 25 years of experience in the real estate industry, as chief operating officer of its newly launched master planned community business called Trumark Communities.

"We have met with Peter several times over the years and have been impressed with his leadership skills, market insights and ability to execute a business plan," said Michael Maples, co-founder of Trumark. "We are honored to have him join the Trumark team and to lead this important new platform for us."

Before he joined Trumark, Kiesecker was directly responsible for master planned communities and mergers and acquisitions on a national basis for the public homebuilder Standard Pacific Homes. From 2009 through 2013, Kiesecker's team completed 12 major transactions representing $453 million of acquisition value and a peak investment value of $673 million. Acquisitions in five major U.S. markets represented more than 12,200 home sites, and Kiesecker was operating six master planned communities in California, North Carolina and Florida when he left the company.

"I am very excited about joining the Trumark team and growing this business venture of master planned communities," Kiesecker said. "The people in the organization are among the most talented in the industry and I look forward to working with them all on a daily basis."

Kiesecker served as president of Greenpark Communities, a master planned entitlement company with six properties in California and Nevada. He also was a founder and president of Greystone Homes, which grew from four employees in 1991 to more than 450 in 1995, operating six land-development and homebuilding divisions in California, Arizona and Nevada. Greystone completed an IPO in 1996 and subsequently merged with Lennar Homes in 1997.

About The Trumark Group of Companies

The Trumark Group of Companies is a diversified real estate developer and builder with expertise in land acquisition, homebuilding, community design, entitlements and office, R&D and retail development. Trumark has raised more than $460 million of equity and funded 25 projects since the depth of the recession in 2009. www.trumarkco.com

Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Its pipeline exceeds 2,000 lots in core in-fill areas of California, representing more than $2.8 billion in future revenue. www.trumarkhomes.com, TruBlu Blog, Facebook, Twitter, LinkedIn

Trumark Communities is a residential land development platform focused on acquiring, developing and selling improved lots in master planned communities. Its current pipeline includes three master planned communities with a combined 2,100 lots that represent total projected sales revenue in excess of $500 million. www.trumarkcommunities.com

Trumark Urban develops condos in core urban neighborhoods close to jobs, transit and local businesses. Founded in San Francisco in 2011, the new division has expanded into Los Angeles and now has eight high-density condominium communities in process with plans in the works for more than 800 units for a total projected revenue exceeding $1 billion. www.trumarkurban.com

Trumark Commercial, which builds, leases and sells commercial buildings, has entitled or developed approximately two million square feet of office, R&D, retail and hotel properties in the northern portion of the Golden State. www.trumarkco.com