The
True Life Companies (TTLC) is rapidly expanding its multi-state presence in the Western
United States. With its first land acquisition
in the Inland Empire, the Southern California division recently closed escrow
on 64-acres in the city of Menifee. The property has an approved tentative
tract map for a community of 173 homes on lots averaging 9,000 square
feet. It is located one-half mile east
of the I-215 freeway, off McCall Boulevard providing great accessibility for
residents.
Named Talavera, the property will be marketed in mid-2015
to regional or national homebuilders and is designed for the construction of
two distinctive residential neighborhoods targeted for entry-level and move-up
family buyers. Premium lot sizes will distinguish Talavera from other
communities in the area. The community amenities will include a 2.7-acre park, 11.16
acres of open space, and a 30-foot-wide landscaped paseo, which creates a
walking trail throughout the neighborhood that incorporates green space, connects
the homes, and creates a sense of place.
“This
is an exceptional opportunity for The True Life Companies to expand its
presence in Southern California,” said Bob Garrison, TTLC’s Managing Director for the Southern
California Division. “It enables us to control a significant number of lots in
a supply-constrained market and allows us to respond to the demand felt by both
homebuilders and homebuyers in a rapidly growing region.”
Talavera
offers numerous advantages as a choice location in the area, specifically its
location within a one-hour drive of major employment centers in Riverside,
Ontario, and the Temecula/Murrieta and North San Diego County corridors. In
addition, abundant shopping opportunities are situated along the I-215,
including Perris Crossing Center, Sun City Shopping Center and Countryside
Marketplace at Menifee Towne Center. For business and vacation travel,
LA/Ontario International Airport is just 42 miles from the community.
Taber Anderson, Chief Investment Officer of TTLC,
observed, “Talavera reflects our strategy of pursuing land acquisitions and
entitlements throughout the entire Southern California region, from infill
properties in employment-central locations to undeveloped land in outlying
areas. TTLC is well-positioned to capitalize on supply-constrained markets
where barriers to entry require expertise in land optimization and to follow
the path of development in tertiary market areas that are within commute
distance to strong and improving employment centers. In every case, our focus
is on residential land opportunities that fulfill the short- and medium-term
needs of the 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 http://www.TheTrueLifeCompanies.com.