NEWPORT BEACH, CA--(Marketwired - Mar 31, 2014) - Trumark Homes announced that it has hired James Furey, a veteran developer who has held management positions at three of the nation's larges national homebuilders, as vice president of land acquisition.
"James is a versatile manager who brings a wealth of experience in many elements of the homebuilding process," said Jason Kliewer, partner and general counsel for Trumark Homes. "He will be an invaluable asset as Trumark moves aggressively in the California market."
During his tenure with Meritage Homes, Richmond American Homes and Beazer Homes USA, Furey has overseen land acquisition and disposition, entitlement processing, land development and forward planning. Over the past decade, he has secured discretionary entitlements for more than 1,000 residential units and participated in the acquisition and disposition of more than 3,500 future residential units representing a residual land value in excess of $250 million.
In Northern California, the Trumark name is most often associated with community design, entitlements and office, R&D and retail development, which the company has focused on since its inception in 1988. Trumark Homes, the company's single-family homebuilding division launched five years ago, has completed two communities in Southern California and has four under way in the Bay Area.
Furey received his master's degree in real estate development from the University of Southern California and his bachelor's degree in business administration from California State University at Hayward.
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 $340 million of equity and funded 24 deals since the depth of the recession in 2009. www.trumark-co.com/companies
Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Its pipeline exceeds 3,800 lots in core in-fill areas of California, representing more than $2.3 billion in future revenue. www.trumarkhomes.com
Trumark Urban develops condos in core urban neighborhoods close to jobs, transit and local businesses. Since making the strategic decision to focus on San Francisco in 2011, the new division has acquired seven sites in San Francisco for high-density condominium communities with plans in the works for more than 600 units with total projected revenue in excess of $700 million. 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.