The
True Life Companies (TTLC) is very pleased to announce the sale of 3.2 acres of infill property located in
Fremont, CA to TRI Pointe Homes. The property, known as
the Mission-Stevenson project, will deliver much needed housing in the
extremely competitive Bay Area marketplace.
“The Mission-Stevenson community is the first disposition for TTLC
in 2016 and the third disposition for TTLC in the Bay area in the last 12
months,” said Taber Anderson, Principal and Chief Investment
Officer. “This venture further demonstrates The True
Life Companies’ commitment to transforming raw and underutilized land into well
thought out and intelligently planned communities designed to meet the needs of
future residents.”
Located at the corner of Mission Boulevard and Stevenson Boulevard
in Fremont, CA., TTLC entitled the project, receiving tentative
map approval in September 2015 for 35 townhomes and 42 stacked flats for a
total of 77 condominium units. The location provides buyers easy access to
major transportation corridors and is within 1.5 miles of the Fremont BART
Station.
Regionally, BART and the Valley Transportation Authority Bus and
Light Rail routes are being extended throughout the Silicon Valley which
further enhances the value of this location for commuters. Other attractive features of this project
include access to nearby community parks, numerous retailers and Fremont’s
excellent school system.
“The entire TTLC team is very pleased to have entitled and
delivered to the market this extremely well designed project that will offer a
fantastic opportunity for first-time and move-up buyers to acquire new housing
at reasonable prices by Bay Area standards,” said Kelly Beardslee, The True Life Companies’ Managing
Director for the Bay Area.
TTLC is active in high growth
markets throughout the Western US, targeting land development opportunities
where the company’s leadership and entitlement expertise can deliver exceptionally
well designed projects to homebuilders.
In the disposition of Mission-Stevenson, TTLC’s innovative platform and
forward-thinking strategy has once again made a positive impact.
“Mission-Stevenson
is another excellent example of TTLC’s deep understandor local markets and our ability to execute on its value
proposition of delivering valuable lots to homebuilders,“
said Beardslee.
As a major supplier of
lots and land to America’s top homebuilders, TTLC has projects in various
stages of entitlement throughout the Western United States. Over the past five
years, The True Life Companies has expanded rapidly with regional offices operating
in San Ramon, CA; Sacramento, CA; Phoenix, AZ; Denver, CO; Newport Beach, CA;
Kona, HI; and Austin, TX.
For more information
regarding TTLC’s residential land or recreational master-plan portfolio, visit http://www.thetruelifecompanies.com.