Trumark Companies

TRUMARK COMPANIES LAUNCHES RESIDENTIAL LAND DEVELOPMENT DIVISION

Trumark Communities to Focus on Master Planned Properties

NEWPORT BEACH, Calif. – May 27, 2015– Trumark Companies announced it has created a residential land development platform, Trumark Communities, capable of acquiring, developing and selling improved lots primarily to third-party builders. Trumark Communities will focus on master planned properties that typically require specialized expertise and larger capital commitments because of their size and duration.

“We believe the size, design, location and amenities of master planned communities will look different in the future and we want to lead that transformation,” said Michael Maples, co-founder of Trumark. “We want our master planned communities to captivate today’s home buyers and thus capture higher revenues for our builder clients.”

Trumark has hired Peter Kiesecker, a former executive at Standard Pacific Homes with more than 25 years of experience in the real estate industry, to lead the new division as chief operating officer. Trumark Communities will coordinate its efforts with Trumark Homes, expanding on Trumark’s reputation for thoughtful, creative, place-making into larger, multiple-neighborhood communities.

“With the ongoing success of our

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May 27, 2015

 

MORE THAN 1,000 POTENTIAL HOMEBUYERS ATTEND GRAND OPENING AT TIMBER, A NEW 164-HOME COMMUNITY IN NEWARK, CALIF.

20 Homes Sold During Opening Week of Sales at City’s First New Residential Development in More Than a Decade

NEWARK, Calif. – May 1, 2015 – More than 1,000 people attended the recent grand opening for Shade and Canopy at Timber—Trumark Homes’ new community offering 164 single-family detached homes and townhomes in Newark, Calif. On grand opening weekend, 20 homes were immediately sold; to date more than 40 homes are currently in escrow.

Guests at the grand opening event enjoyed barbecue, curry and cupcakes from food trucks and toured six new home models (three townhomes at Canopy and three single-family homes at Shade). The first new owners are expected to move in this summer.

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May 1, 2015
Trumark Companies

TRUMARK HIRES REAL ESTATE FINANCE EXECUTIVE  AS CHIEF FINANCIAL OFFICER

Rob Fregulia Brings Extensive Experience and In-Depth Knowledge of Homebuilding and Development Industry

DANVILLE, Calif. – April 14, 2015  – Trumark Companies recently announced that it has hired Rob Fregulia, an experienced real estate finance executive who has spent more than 20 years in the homebuilding and development industry, as Chief Financial Officer. Fregulia is responsible for managing accounting, finance, insurance and human relations functions for the Trumark family of companies.

“We are excited to have Rob join the team in this critical role,” said Gregg Nelson, principal and co-founder of Trumark. “He brings a broad and diverse background, with a significant track record and strengths in creating systems and teams that are critical to supporting our rapidly growing organization.”

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April 14, 2015

NAHB-Awards-image-formal

NEWPORT BEACH, Calif. – January 29, 2015 – During The Nationals 2015 Awards ceremony, The National Sales and Marketing Council (NSMC), a council of the National Association of Home Builders (NAHB), honored Trumark Homes with three Gold Awards—including the prestigious national Community of the Year for SL70 in Silver Lake, Calif. —as well as six Silver Awards. The Nationals Awards ceremony, held on January 20 in Las Vegas, is one of the highlights for the NAHB’s annual International Builders’ Show (IBS), the premiere show for home building industry professionals for North America.

“Receiving this type of recognition from the nation’s largest competition for new home sales and marketing professionals and communities is truly an honor,” said Mark Higgins, senior vice president of sales and marketing at Trumark Companies, who also won a Silver Award for Marketing Director of the Year.

Trumark Homes’ SL70 community, a new development of 70 three-story single-family homes, won two Gold Awards for Detached Community of the Year and Best Architectural Design of a Single-Family Home Under 2,000 Square Feet. In addition, SL70 won three Silver Awards for Best Brochure, Best Interior Merchandising and Best Website for a Community.

“SL70 represents everything Trumark stands for as a new-generation builder,” said Michael Maples, principal and CEO of Trumark Homes. “This development, showcases Trumark’s ability to dive into a niche market and create a community that is uniquely designed for the target buyer. It’s gratifying to see SL70 get the recognition it deserves.”

Trumark also won a Gold Award for its sales center at the PACE community, an eight-acre residential development in Milpitas, Calif., offering 134 homes designed to appeal to Silicon Valley’s young professionals, couples and growing families. The development includes two communities, Velocity and Momentum, with a mix of detached single-family homes and attached townhomes.

Trumark teamed up with long-term equity partner The Resmark Companies in developing both design-centric developments: SL70 and PACE.

In addition, Trumark Urban’s AMERO project won a Silver Award for Best Outdoor Living Space/Landscaping Design Features. AMERO, located in the heart of San Francisco’s Cow Hollow neighborhood, is a rare collection of two and three bedroom condominium residences offering spectacular views of the Bay and the Golden Gate Bridge.

“Thanks to all our Gold and Silver winners as you are the creative spirit that fuels our industry to move forward and innovate,” said NAHB Nationals Chair Christy Beck of the 2015 awards.

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 24 deals 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 4,400 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 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 10 high-density condominium communities in process with plans in the works for more than 1,200 units for a total projected revenue in excess of $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 

About The Resmark Companies

Founded in 1995, Resmark is a leading national private equity firm focused on real estate and powered by core foundational discipline and focus. A fully integrated real estate investment group, The Resmark Companies’ divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Impact Ventures—finance, acquire, develop and manage real estate in the Western United States, including California, Washington and Arizona, as well as in other select major metropolitan markets nationwide. To date, Resmark has participated in over 180 projects encompassing more than 28,000 single-family and multifamily residential units. Headquartered in Los Angeles, Resmark also maintains offices in Irvine, San Diego and Chevy Chase, Maryland. For additional information, please visit www.Resmark.com

About The Nationals Awards Competition

The Nationals—National Sales and Marketing Awards, is now in its 35th year. The Nationals pays tribute to superior sales and marketing achievements by individual professionals, homebuilders and associates, and sales and marketing councils. The nation’s largest competition for sales and marketing professionals and communities, The Nationals showcases winners in distinguished national, regional, and local publications. Additional information is available at https://thenationals.com/

January 29, 2015

Trumark Homes and Resmark Land and Housing Sell All 94 Townhomes

 SAN JOSE, Calif. – Dec. 29, 2014 — Trumark Homes and Resmark Land and Housing recently announced that all 94 townhomes at Centered on Capitol, in San Jose’s Berryessa District, are sold out. Centered on Capitol, named The National Association of Home Builders’ 2014 Community of the Year, is located at 1328 N. Capitol Ave.

“We’re not surprised this townhome community sold out in less than 18 months given its unique, modern design and high-end features,” said Mark Higgins, senior vice president of sales and marketing for Trumark Homes. “The Centered on Capitol community has won national awards and critical acclaim for its ‘energetic and inviting’ common spaces and unexpected and unique floor plans.”

The three-story townhomes feature an innovative design with ceilings up to 10 feet, along with extra and larger windows to let in more light. The second-story living rooms come with optional bi-folding doors that open onto a spacious deck to create an indoor-outdoor experience. Interiors also feature recessed lighting, high-end appliances and plumbing fixtures throughout.

Community amenities include quaint public spaces, including a park in the heart of the neighborhood, a central courtyard fountain, outdoor built-in kitchens, shade sails and bistro seating and a large children’s tot lot.

“As Trumark’s equity partner on Centered on Capitol, Resmark is delighted that the community has been well-received by San Jose homebuyers and recognized by the homebuilding industry,” said Connie Emmitt-Stern, Executive Vice President, Resmark Land and Housing. “We congratulate the Trumark team and look forward to continuing our longstanding partnership.”

Centered on Capitol’s highly detailed façade is custom wrought iron and brick with a diverse color palette. The for-sale townhomes range from 1,414 to 1,986 square feet and were offered starting in the $600,000s.

The location in the Berryessa District is near transit, freeways and excellent schools.

 

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 24 deals 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 4,400 lots in core in-fill areas of California, representing more than $2.8 billion in future revenue. www.trumarkhomes.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 10 high-density condominium communities in process with plans in the works for more than 1,200 units for a total projected revenue in excess of $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

About The Resmark Companies

Founded in 1995, Resmark is a leading national private equity firm focused on real estate and powered by core foundational discipline and focus. A fully integrated real estate investment group, The Resmark Companies’ divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Impact Ventures—finance, acquire, develop and manage real estate in the Western United States, including California, Washington and Arizona, as well as in other select major metropolitan markets nationwide. To date, Resmark has participated in over 180 projects encompassing more than 28,000 single-family and multifamily residential units. Headquartered in Los Angeles, Resmark also maintains corporate offices in San Diego and Chevy Chase, Maryland. For additional information, please visit www.Resmark.com

Media Contacts: Anton Communications

Vanessa Showalter  949-748-0542  [email protected]

Genevieve Anton  714-544-6503  [email protected]

 

 

 

December 30, 2014

Design-Centric Community Wins Best Architectural Design and Best Interior Merchandising Awards

LOS ANGELES – Nov. 18, 2014 – Trumark Homes won four 2014 SoCal Awards, including Best Architectural Design and Best Interior Merchandising for SL70, a new development of 70 three-story single-family homes bordering the Silver Lake and Echo Park neighborhoods, during a recent gala awards ceremony at The Grove in Anaheim, Calif.

“We’re honored to receive this prestigious recognition for SL70, a project that represents everything Trumark stands for as a new-generation builder,” said Mark Higgins, senior vice president of sales and marketing at Trumark Homes.

Presented by the Greater Sales & Marketing Council and Building Industry Association of Southern California, the SoCal Awards encompass all facets of professional achievement, sales, marketing, merchandising and design. This year’s competition drew more than 425 entries, and more than 600 homebuilding professionals attended the gala award ceremonies.

Trumark teamed up with long-term equity partner The Resmark Companies in developing the 2.34-acre property located on Glendale Boulevard just south of the 2 Freeway. SL70 brings design-centric housing to an up-and-coming neighborhood that is starved for contemporary living spaces. Designed by JZMK Partners to appeal to professionals who already make up a large portion of homeowners and residents in the Silver Lake/Los Feliz/Echo Park neighborhoods, SL70 reflects the neighborhood’s culture while enhancing the existing, vibrant community.

“The unique urban design of these homes fits seamlessly with our buyers’ busy lifestyles with low-maintenance living that takes full advantage of entertaining space overlooking the downtown skyline and surrounding hillside views,” Higgins said.

These are just a few of the reasons judges honored the newly opened residential community with an award for Best Architectural Design of a Detached Home.

Unique undulation in building facades and bright pops of color make SL70’s exteriors stand out, and Trumark’s design team, Costa Mesa-based Creative Design Consultants (CDC Designs), furnished model interiors with out-of-the-box furnishings including vintage and original pieces from local artists that earned SL70 the SoCal Award for Best Interior Merchandising of a Detached Home.

SL70 also won awards for Best Community Website and Best Logo, which can be viewed here: www.sl70.com.

November 18, 2014
Wallis Ranch

DUBLIN, Calif. – November 10, 2014 — Trumark Homes (“Trumark”) today announced it acquired 184 acres in the hills of East Dublin and has commenced site development on Wallis Ranch, a master planned community consisting of eight distinct planning areas encompassing 806 attached and detached housing units with vernacular architecture, open spaces, public parks and public art installations.

Wallis Ranch is a joint venture between Trumark, Isles Ranch Partners, LLC and funds managed by Castlelake, L.P. Isles Ranch Partners and Castlelake are both alternative investment firms with numerous land development and homebuilding projects across the United States.

“Our vision for Wallis Ranch is two-fold: To develop a master planned community that is thoughtfully designed for today’s buyer and to create a sense of place,” said Michael Maples, principal and co-founder of Trumark Companies. “Wallis Ranch will be a highly-amenitized community that should appeal to active families and professionals in California’s Tri-Valley.”

Wallis Ranch is one of the few remaining fully-entitled master planned communities located in the City of Dublin in Alameda County. The property enjoys convenient access to the Bay Area’s three major employment centers of San Francisco, San Jose and the East Bay. Interstate 580 is approximately two miles from the site and a BART station, located three miles away, provides transport to San Francisco and further access to Fremont, Santa Clara and San Jose via Altamont Commuter Express.

The City of Dublin is located 35 miles east of San Francisco and has been one of the fastest-growing cities in Alameda County in recent years. Strong public schools and a variety of city amenities have contributed to the city’s growth.

Wallis Ranch will also include 83 acres of open space that will include public hiking and biking trails, parks and a water-quality basin. In the center of the communities will be a three acre common area that will include a spa and fitness center, outdoor kitchen, community gardens, a yoga lawn and a town square.

In addition, the original 1912 Antone School Building, currently on the site, will be salvaged and repurposed creating a community hall and neighborhood cornerstone at the community’s entrance featuring historical information about the school and the area.

Trumark is also working with local artists to create entry gates and bridge railings using recovered farm and ranch tools and other relics – some more than 100 years old – found on the site. Benches created by local artists will border the creek trails.

“In our opinion, Wallis Ranch is a jewel of a property and we believe the streetscape will provide a wealth of local charm and character,” said Gregg Nelson, principal and co-founder of Trumark Companies. “This is a unique opportunity within the City of Dublin.”

Bordering a creek and hillside, Wallis Ranch’s landscape is being designed by Gates Associates to take advantage of the property’s location. KTGY Group and Dahlin Group Architects have collectively designed a diverse mix of homes, ranging from 1,700-square-foot townhomes to 4,100-square-foot executive homes, in traditional and modernist California style.

Trumark will offer lots to homebuilders and expects to have model homes open by the first quarter of 2016.

November 10, 2014
SL70 news release

Top California Homebuilder Leads Movement Toward Design-Centric Living with 70 New Homes on a Former Vacant Lot and Site of L.A.’s First Movie Studio

LOS ANGELES – September 29, 2014 – Trumark Homes, a new-generation homebuilder, is now selling homes at SL70, a new neighborhood of 70 three-story single-family homes on a previously vacant corner bordering the Silver Lake and Echo Park neighborhoods. Located on Glendale Boulevard just south of the 2 Freeway, SL70 brings design-centric housing to an up-and-coming neighborhood starved for contemporary living spaces.

“This project represents everything Trumark stands for as a new-generation builder,” said Michael Maples, principal and CEO of Trumark Homes. “The lack of new inventory, the limited development sites and the over-abundance of fixer-uppers will make these new homes in this fantastic community very attractive. Not only is the property in one of LA’s most desirable and creative neighborhoods, but it is close to employment hubs and other popular areas.”

SL70 is within a convenient commute to downtown Los Angeles and Hollywood and close to schools, public transportation, shopping and recreation. Griffith Park and Dodgers Stadium are nearby, and Silver Lake Reservoir is within walking distance. A thriving neighborhood subculture includes vintage and locally designed clothing stores, food trucks and kitschy establishments such as Cha Cha Lounge, and other great restaurants and bars. The area is prime for continued rehabilitation and growth in both residential housing and a resurgence of retail, restaurants and entertainment.

Designed to appeal to professionals who already make up a large portion of homeowners and residents in the Silver Lake/Los Feliz/Echo Park neighborhoods, SL70 reflects the neighborhood’s culture while creating a vibrant community. During the development phase, Trumark met with and filmed local neighbors and businesses, which are featured on the SL70 website.

“The unique urban design of these homes fits seamlessly with our buyers’ busy lifestyles with low-maintenance living that takes full advantage of entertaining space overlooking the downtown skyline and surrounding hillside views,” said Mark Higgins, senior vice president for Trumark Homes.

In developing the property, Trumark teamed up with long-term equity partner The Resmark Companies to bring to life the City of Los Angeles’ Small Lot Ordinance, established in 2005 to encourage infill development and a smart-growth alternative to traditional suburban-style single-family subdivisions. The ordinance allows for subdivision of underutilized land in multifamily and commercial areas into fee-simple homes with smaller lot areas, compact building footprints and reduced yard setbacks. This allowed Trumark to keep SL70 homes affordable, with prices starting in the low $600,000s.

JZMK Partners designed the contemporary homes, which range in size from 1,219 to 1,469 square-feet and have two or three bedrooms, two and a half baths, large rooftop terraces (on most floorplans), open living rooms with 10-foot ceilings, contemporary staircases, and oversized windows. Gourmet kitchens feature premium appliances, quartz countertops and contemporary European cabinetry, and bathrooms have cultured marble countertops and chrome finish faucets. All homes are pre-wired with Category 5 wiring. The well-insulated homes have energy-saving tankless water heaters and aluminum-framed windows with low-E glass and are pre-wired for future solar installations. Two-car garages include conduits for electric vehicle charging.

Unique undulation in building facades and bright pops of color make the exteriors stand out, and Trumark’s design team furnished model interiors with out-of-the-box furnishings including vintage and original pieces from local artists and consignment stores.

SL70 is located on the site of the former Selig Polyscope Studio, which opened in 1909 as Los Angeles’ first permanent movie-making facility and was eventually surrounded by a string of other silent-film studios on Glendale Boulevard. Trumark is honoring Selig Polyscope with a mural created by internationally acclaimed muralists Cyrcle highlighting some of the films and stars from the studio and establishing streets with names such as Silent Era Drive, Polyscope Place and Tom Mix Road.

According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 70 single-family homes will generate an estimated $14.7 million in local income, $1.5 million in taxes and other revenue for local governments, and 227 local jobs.

September 29, 2014

LA-Condo-Rendering

San Francisco-Based Developer with 1,200+ Units in Its Pipeline Looking to Make a Splash in Southern California

LOS ANGELES – June 17, 2014 – Trumark Urban announced today it has purchased a fully entitled development site in the South Park neighborhood of downtown Los Angeles, where it will build a $100-million condominium complex of 24 floors with 151 units. The property, located at the corner of West 11th Street and South Grand Avenue, will fill a growing demand for affordable for-sale homes in the city’s urban core.

“This building is the right size and location for our entry into the market,” said Arden Hearing, managing director of Trumark Urban. “Many developers are building rental apartments, which has helped to bring retail services to the area, but the sub-market is dramatically lacking new condo inventory for those residents who prefer ownership.  In that, we see opportunity.”

An offshoot of San Francisco Bay Area-based Trumark Companies, Trumark Urban recently expanded into Los Angeles and now has more than 1,200 residential units across 10 projects in process between Los Angeles and San Francisco, for a total investment exceeding $750 million.

“We have been watching Los Angeles for years, and downtown specifically,” Hearing said. “We see a unique confluence of events that results in a burgeoning urban scene ready-mixed with jobs and amenities.”

The South Park site was entitled in 2007 and has been sitting on the shelf since the financial crisis. Trumark Urban will spend the rest of this year on design and entitlements and plans to break ground on the condos in January 2015. The condos will be offered to the market in early 2016 with closings later that year.

With this project, Trumark Urban is refreshing the design, amenity offerings and unit mix for a new generation of buyer. The condos will have a sophisticated, contemporary design, and amenities will include a sky-pool lounge area with outdoor fire pits and barbecues, pet-washing stations, a movie theater, and community and business areas.

“We are excited to offer this project in such a special location to a market that is really underserved in terms of new condo inventory,” said Kevin Bixler, site acquisition manager for Trumark Urban. “We are looking aggressively for additional A+ sites in various, targeted, locations around Los Angeles.”

Trumark Urban is under contract to purchase a second downtown Los Angeles development site, also slated for condo development.  Construction is anticipated in the 3rd quarter of 2014.

Trumark Urban continues to buy property in San Francisco and Los Angeles and is exploring new acquisitions in markets beyond California.

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 4,400 lots in core in-fill areas of California, representing more than $2.8 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 IN 2011 to focus on for-sale condos, the division has acquired ten sites between San Francisco and Los Angeles that are targeted for over 1,200 condominium units with total projected revenues expected to exceed $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/commercial

 

 

June 17, 2014

CurbedLA-Horizontal

Everything old is new again! A 24-story condo tower project at Eleventh and Grand, floundering since the mid-aughts, looks to be on track again with a new owner, new name, and a new timeline, reports the LA Times.

The “ultra-sophisticated” project formerly known as the Glass Tower will have 151 units, groundfloor retail (restaurants, shopping), and two-story penthouses on the roof. For years the project just could not get off the ground—not in 2008 andnot in 2009.

By the fall of 2011, the owner listed the lot with its entitlements and that was the last word for years.

The project was recently purchased by SF-based Trumark Urban, which plans to make minimal changes to the existing designs so they don’t have to go back through the long process for new approvals. They have, however, asked Downtown firm HansonLA to “refresh” the design, and we’ll have those to show off tomorrow.

June 16, 2014