TRUMARK COMPANIES SECURES SIGNIFICANT ENTITY INVESTMENT FROM DAIWA HOUSE USA

Majority share investment from Japan’s largest homebuilder bolsters Trumark’s foundation for growth

SAN RAMON, Calif. (Jan. 16, 2020) – Trumark Companies, a nationally award-winning California developer and homebuilder, today announced it has entered into an agreement with Daiwa House USA Inc., a wholly owned subsidiary of Japan-based Daiwa House Industry Co., Ltd. (OTCMKTS: DWAHF), where Daiwa House USA will acquire 60% of the equity interest in Trumark and will commit to make additional capital contributions as funding to further develop Trumark’s business. Under the new agreement Trumark’s co-founding principals, Michael Maples and Gregg Nelson, retain their current roles as part owners and will lead the company as co-CEOs.

“Our new status with Daiwa House is a massive boost to Trumark’s business and positions us for exponential growth,” said Maples. “Together we’ve created a powerful engine for expansion by combining the operating expertise of the Trumark Companies’ teams with financial resources equal to the largest homebuilders in the nation.”

As a developer and homebuilder historically focused on California, Trumark has developed more than 8,000 residential lots in the state since its founding in 1988. Trumark and Daiwa House are aligned in the pursuit of growth through Trumark’s home-building, master-planned communities, age-qualified, urban, commercial and mixed-use divisions. The new structure with Daiwa House enables Trumark to pursue growth initiatives beyond California in other Western submarkets and expand its internal team and leadership within the homebuilding industry.

“We have enjoyed working with Daiwa House to solidify an agreement that mutually benefits both of our firms,” said Nelson. “Our core values are aligned in that Trumark and Daiwa House are both committed to building homes that enhance people’s lives. With this new structure in place, Trumark can more effectively pursue land deals in our target markets and streamline the transaction process, enhancing our competitive position.”

The terms of the ownership transaction are undisclosed. Daiwa House Industry Co., Ltd. is Japan’s largest homebuilder and one of the world’s largest public companies. Daiwa House USA is pursuing a strategic initiative to expand the company’s business in North America, which began through a joint venture agreement with Lincoln Property Group in 2014 and the acquisition of Stanley Martin, an east coast homebuilding company, in 2017.

“Our firm recognizes California as an important market as a part of our North American growth strategy,” said Nobuya Ichiki, president at Daiwa House USA. “Development in this state can be challenging and we look forward to working with Trumark and leveraging its track record and unique ability to navigate the complexities of development to achieve our expansion objectives.”

 

About Trumark Group of Companies

With over 30 years of trusted experience and recent recognition as 2019 Developer of the Year by Builder and Developer and 2018 Builder of the Year by Professional Builder, the Trumark Group of Companies is a diversified real estate development and building firm that includes: Trumark Communities, a master planned community developer; Trumark Homes, a next generation homebuilder; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. www.trumarkco.com

 

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January 16, 2020

TRUMARK CLOSES-OUT THREE DUBLIN COMMUNITIES INCLUDING AWARD-WINNING WALLIS RANCH MASTER PLAN

Trumark celebrates complete close-out of award-winning master plan and two additional neighborhoods in Bay Area crossroad city

San Ramon, Calif. (December 3, 2019) — Trumark Companies, a national award-winning California developer and homebuilder, announced the final home closing in its 806-home master planned community of Wallis Ranch in Dublin, Calif. The final closing represents the complete close-out of the highly amenitized master plan, which was named “Master Planned Community of the Year” by the National Association of Home Builders. Wallis Ranch consists of a mix of single-family homes and townhomes in eight distinct neighborhoods built by six homebuilders, including Trumark Homes. Sales commenced in Summer 2016 for the master plan, and quickly attracted families seeking spacious housing accessible to Bay Area employment centers.

“With incredibly high land constraints and rising costs in the San Francisco Bay Area, Trumark set out to create a unique, well-designed alternative for professionals who want access to employment centers such as Silicon Valley, but still crave a living experience outside of the urban center,” said Tony Bosowski, Northern California division president at Trumark Homes. “With a hillside backdrop, the Trumark team created Wallis Ranch where residents can breathe and enjoy the open spaces, while remaining accessible to jobs, entertainment and more.”

Connection to the outdoors was a priority in the design of Wallis Ranch. With the natural environment and the land’s history at the forefront, Wallis Ranch includes 35 acres of preserved open space and miles of sidewalks, paths and trails. At the heart of the community is a resort-style clubhouse that includes a fitness center, pool and spa, fireside lounge area and event lawn. Trumark hired a local artist to provide custom artwork that is representative of the area’s history.

Trumark acquired the 184-acre Wallis Ranch property in 2013 and worked closely with the City of Dublin, environmental agencies, historians and many other consultants in the project’s development to preserve natural wildlife, conserve resources and incorporate the area’s natural features. Wallis Ranch was the first master planned community in California to use 100% reclaimed water for irrigation. Trumark also constructed a 2.5-mile long, three-foot-high concrete herpetological barrier around the entire development in order to protect endangered species native to the area.

“Trumark has a long-standing relationship with the City of Dublin. The completion and final sales at Wallis Ranch represent a successful partnership and working relationship,” added Bosowski. “We look forward to future development endeavors together as we continue to find new ways to enhance living in Dublin and draw new residents to the city.”

Adding to Trumark’s success in Dublin, the homebuilder also recently completed the final sales at Fielding, a 139 single family detached home neighborhood within Wallis Ranch, and Perch, located in the city’s downtown. Trumark introduced Perch in 2017 to the Dublin market, offering the areas first rooftop decks. The community consists of 60 two- and three-bedroom townhomes ranging from 1,521 to 1,758 square feet, plus additional outdoor living space on the rooftop decks. In addition to a unique architectural design, Perch offered buyers modern features such as smart home technology and electrical vehicle conduits, among many others.

Perch was named the “Attached Community of the Year” by the Bay Area Building Industry Association’s “Excellence in Home Building” awards in 2018. Perch is located proximate to Northern California’s BART transit system, providing access to the Bay Area. Home sales concluded in June 2019 with the sale of the final model home.

Building on its momentum in Northern California, Trumark also is underway on its first age-qualified master plan, located in Manteca, Calif. The Collective, offering buyers a distinct living experience focused wellness and a vibrant lifestyle with the first community center registered to achieve WELL Certification by the International WELL Building Institute.

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com.

December 17, 2019

Trumark Communities Debuts First Wellness-Centric Age-Qualified Residential Neighborhood

Homebuilder debuts new TruLiving community featuring the first-ever WELL Certified™ clubhouse to promote healthy and active senior living in Northern California

Manteca, Calif. (November 11, 2019) — Trumark Communities, sister company of national award-winning developer Trumark Companies, announced the grand opening of the highly anticipated age-qualified master planned community, The Collective, in Manteca, Calif. Featuring three distinct neighborhoods and numerous resort-style amenities, the campus encourages residents to lead active and health-conscious lives by offering access to fitness centers, local entertainment and most notably, the first-ever WELL Certified™ clubhouse – a certification previously exclusive to commercial spaces until now.

“The Collective’s WELL Certified™ clubhouse sets a new standard of living for age-qualified communities,” said Tony Bosowski, Northern California division president at Trumark Homes. “As master developer, we were determined to create an environment that empowers the over 55 demographic. The Collective inspires people to connect with others and lead dynamic, independent lifestyles.”

The WELL Certification™ promotes human health and wellness by ensuring a space is designed with seven fundamental concepts: air, water, nourishment, light, fitness, comfort and mind. A new precedent in the residential world, the 10,000-square-foot clubhouse provides residents with a wide range of fitness opportunities, gathering spaces to encourage socialization amongst neighbors, and an on-site lifestyle director to coordinate and keep residents informed of all upcoming community events and local activities. In addition to the clubhouse, The Collective also promotes health-forward, social living by offering direct access to nearby walking trails, recreation, shopping, dining and entertainment. This dynamic local area, combined with The Collective’s modern, lifestyle-oriented design, demonstrates Trumark’s new-age vision for senior living and provides residents with the tools to live the lives they want to lead.

Trumark Homes is building one of the three neighborhoods within the larger community. Its neighborhood, Origin, offers two single-story models ranging from 2,621 to 2,703 square feet. While the larger residence includes an additional bedroom and full bathroom, both residences feature a covered California room and backyard for indoor/outdoor entertaining, large walk-in closets with ample storage space and oversized garages with a designated workshop area. The remaining two neighborhoods, offer slightly smaller floor plans. Venture, by Taylor Morrison, features six single-story models ranging from 1,513 to 2,144 square feet with two bedrooms and two to two-and-a-half bathrooms. Turnleaf, by Anthem United, offers three single-story floor plans ranging from 2,146 to 2,507 square feet with two to three bedrooms and two to two-and-a-half bathrooms.

“At The Collective, we believe that active, healthy living is something that should continue well after the 55 mark in life,” said Gregg Nelson, founder and principal at Trumark Companies. “Every year, people are not only living longer but also feeling young for longer, and it’s time for age-qualified communities to reflect that. We are very excited to be on the cusp of this shift in senior living.”

Trumark commenced construction on The Collective in August 2019. It is anticipated to complete in early 2021.

The Collective is one of Trumark’s newest communities now open in Northern California. SP78, located in Downtown San Jose, is experiencing consistent sales and is now 75% sold. Its Leeward at Alameda Point, The Collection in Danville, Compass Bay in Newark and Sunnyvale communities are still in early development stages and are anticipated to begin sales in 2020. Glass Bay, Fielding and Perch in Dublin are now sold out.

For more information on Origin at The Collective, visit https://thecollectivemanteca.com/

About Trumark Communities

Trumark Communities is a nationally award-winning residential land development platform focused on acquiring, developing and selling improved lots in master planned communities; current pipeline includes 3,100 lots in prime core-accessible areas of California representing total projected revenue in excess of $500 million. Trumark Communities has realized lot sales to builders of over $300 million since 2015. www.trumarkcommunities.com

About Trumark Group of Companies

With 30 years of trusted experience and recent recognition as 2018 Builder of the Year, the Trumark Group of Companies is a diversified real estate development and building firm that includes: Trumark Communities, a master planned community developer; Trumark Homes, a next generation homebuilder; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. www.trumarkco.com

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November 11, 2019

Trumark Companies Relaunches Trumark Commercial

Company taps commercial real estate development veteran to lead revamp of commercial division

Newport Beach, Calif. (November 4, 2019) Trumark Companies, an award-winning California-based real estate developer, announced today the appointment of commercial real estate development veteran Jeffrey Sofferman as executive vice president (EVP). Sofferman has been hired to lead the relaunch of Trumark Commercial, the company’s commercial real estate investment and development arm. He brings nearly 30 years of commercial real estate experience to his new position and will re-establish the Trumark Commercial brand and kickstart a pipeline of commercial and mixed-use development projects for the firm.

“Jeff is a talented real estate professional who is well-known and respected in the Southern California building industry,” said Gregg Nelson, co-founder and principal of Trumark Companies. “He brings a wealth of experience in mixed-use, commercial, and multifamily development, and Trumark is excited to have him lead the company’s renewed effort to expand its commercial and mixed-use platforms.”

As EVP of Trumark Commercial, Sofferman is leveraging his professional experience to seek out new opportunities for value-add and ground-up development. His focus will be on mixed-use projects in key evolving submarkets throughout Southern California and the San Francisco Bay Area. Sofferman’s expertise and development skillset, coupled with Trumark’s established track record of developing more than 1.6 million square feet of office, R&D, industrial and retail space, will help to accelerate the growth of the company’s commercial division.

Prior to Trumark, Sofferman was senior vice president at SunCal, where he created and led the company’s urban and multifamily development platform throughout the U.S. In this capacity, he managed notable development projects such as 6AM at 6th & Alameda, a 3-million-square-foot mixed-use project in Downtown Los Angeles. Sofferman also has held high-level leadership positions at Archstone, The Clarett Group and other notable corporations. He has extensive experience in deal sourcing and formation, entitlement, planning and design, securing debt and equity placement, joint venture structuring, and project management and construction oversight.

“I’m thrilled to bring my passion for building and professional background in development to the Trumark team to help expand the company’s growth in the commercial arena,” said Sofferman. “The way we live and consume goods and services continues to shift, driving the demand for new modern and sustainable commercial space. Supported by positive economic indicators, these dynamics are opening the doors for innovative mixed-use development opportunities that I’m excited to be a part of in an entrepreneurial capacity, backed by the credibility of the Trumark brand.”

Sofferman’s approach for the renewed commercial division will be focused on the evolving fundamental changes occurring in commercial real estate, driven by the emergence of e-commerce and constrained land supply in urban markets across California. The division is targeting projects that combine uses to create synergy across sectors spanning multifamily, hotel, retail, office and industrial through designs that are sustainable, cost efficient and enhance the quality of life in the surrounding community. Projects will include adaptive re-use and/or new ground-up development.

Sofferman earned a Bachelor of Arts in history and certificate in real estate development from Rutgers College. He holds a master’s in urban planning with a concentration in real estate development from New York University. A licensed California Real Estate Broker, Sofferman will be based in Trumark’s Newport Center office. He resides in Corona del Mar with his wife and two daughters.

About Trumark Group of Companies

With 30 years of trusted experience and recent recognition as 2018 Builder of the Year, the Trumark Group of Companies is a diversified real estate development and building firm that includes: Trumark Communities, a master planned community developer; Trumark Homes, a next generation homebuilder; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. www.trumarkco.com

About Trumark Commercial

Trumark Commercial is a full-service commercial management and development company that has managed or developed more than 1.6 million square feet of R&D, retail, and office property since 1996. For more information about Trumark Commercial, visit https://trumarkco.com/developments/commercial/.

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Trumark Homes Introduces Company’s First-Ever Age-Qualified Community

Homebuilder debuts new TruLiving designs, offering vibrant lifestyle in spacious homes to greater Bay Area’s 55+ residents

MANTECA, CALIF. (October 21, 2019) — Trumark Homes, a national award-winning California homebuilder, announced the debut of the model homes for Origin at The Collective, the homebuilder’s inaugural age-qualified 55+ community. Origin is one of three distinct neighborhoods within The Collective, a new gated master-planned community consisting of 490 single-family homes developed by sister company, Trumark Communities. Origin includes 59 modern single-family homes that incorporates the company’s new TruLiving designs that are specifically tailored to the target demographic.

“The opening of Origin at The Collective is very exciting for our Trumark Homes team,” said Tony Bosowski, Northern California division president at Trumark. “We are building for the 55+ demographic for the first time in our company’s history, creating a community that is beautiful and uniquely designed to provide an enhanced quality of life, consistent with the Trumark standard. Our aim is to provide a living experience in the greater Bay Area that offers an active, social and vibrant lifestyle for those reaching a new stage of life.”

As the developer of The Collective master plan, Trumark focused on creating a community that enables residents to lead dynamic and connected social lives. The gated community offers resort-style amenities, including the first-ever WELL Certified™ clubhouse. Originally intended for commercial application, the WELL Building Standard® is now being integrated into residential communities to promote overall health and well-being through the incorporation of seven key concepts: air, water, nourishment, light, fitness, comfort and mind. The Collective’s health-forward 10,000-square-foot clubhouse is complete with expansive gathering spaces, pool and spa, walking trails, virtual fitness, gym, bocce ball and pickleball courts. Also included are on-site services and a lifestyle director to coordinate organized community events and facilitate access to area resources. The community’s location provides proximity to local shopping, dining, recreation and entertainment.

Trumark debuted two distinct model homes at its Origin neighborhood. Residence 1 is a 2,621-square-foot single-story detached home with two bedrooms, two-and-a-half bathrooms and a den. Residence 2 is a slightly larger single-story detached home at 2,703 square feet and includes two or three bedrooms and two-and-a-half or three bathrooms. Both residences include a covered California room, backyard, large walk-in closets and oversized garages with ample workshop space.

“Trumark is passionate about creating more than homes, but also genuine experiences for our homeowners once they move into our communities,” said Gregg Nelson, founder and principal for Trumark. “In the planning and development phases of Origin and The Collective in general, our primary objective was to redefine all preconceived notions of age-qualified living. We envisioned creating a lively, versatile community in which residents can feel free to live the lives they want to lead, and we’re excited to see it come to life in Manteca.”

Trumark commenced construction on Origin in August 2019. It is anticipated to complete in early 2021.

Origin is one of Trumark’s five new communities in Northern California. SP78, located in Downtown San Jose, and Glass Bay, located in Newark, are experiencing consistent sales. Its Leeward at Alameda Point, The Collection in Danville, and Sunnyvale communities are still in early development stages and are anticipated to open for sale in 2020.

For more information on Origin at The Collective, visit https://trumarkhomes.com/northern-california/origin/

 

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com

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Trumark Homes Introduces TruFlex, A First-of-Its-Kind Customizable Design Layout Concept at New So. California Community

Exclusive to Trumark’s new West Village townhome community, TruFlex pioneers a new home buying experience

Image result for truflex west village

NEWPORT BEACH & BREA, CA – September 3, 2019 — Trumark Homes, a national award-winning California homebuilder, today debuted TruFlex, a revolutionary platform that puts home layout design in the hands of buyers. Available exclusively at West Village, Trumark’s newest neighborhood in Brea, Calif., TruFlex empowers homebuyers to customize their homes by choosing from various preset design layouts specific to each level of the home. West Village, part of the Central Park Village master plan, consists of 62 customizable three-story attached townhomes starting from the high $700,000s and 20 income-qualified stacked flats. Home pre-sales will commence this Fall.

“Consistent with our brand’s approach, the Trumark team thought outside-the-box to create a truly unique home design and buying experience at West Village,” said Richard Douglass, Trumark’s Southern California division president. “Trumark is known for its innovative homes with unique design features in desirable locations, and we took it a step farther at West Village by introducing TruFlex, a revolutionary concept for our industry. We believe in putting power in the hands of the buyer and with TruFlex, they can customize and build a home they’re dreaming of, eliminating the need for compromise, which historically exists in the typical homebuying process.”

For the first floor, homeowners are prompted to choose between a garage/bathroom/den layout and a garage/bathroom/bedroom layout. The second floor offers three options, two featuring a kitchen, dining and living room in different orientations and one featuring a kitchen, dining, living and bedroom. The third floor provides the most design options with four layouts, enabling homeowners to choose between various combinations of bedrooms, master bedrooms and a bonus room. Between all three floors, there are 24 possible layout combinations, making each home’s final floor plan individually tailored to each homeowner’s unique needs.

“From a construction standpoint, TruFlex also greatly increases efficiency and flexibility in the building process,” added Douglas. “We worked closely with our team to create a framing system and incorporate other technical aspects that allow our building specialists to easily customize and make late-stage adjustments to the homes for our buyers.”

Located on the southwest corner of West Central Avenue and Site Drive, West Village lies across from a new one-acre community park and a recently completed four-story medical office building. The community’s entrance will serve as a pedestrian plaza area, creating an environment for engagement and community, with an enhanced street frontage, water feature and pedestrian paths. Commuting residents will have direct access to the 57 freeway. The community’s central location also offers residents a variety of nearby dining, retail, recreation and entertainment options, hiking trails through local parks and shopping at the Brea Mall.

West Village is one of Trumark’s five new communities in Southern California. Lewis + Mason, located in Anaheim, and Centerhouse, located in Ontario, are experiencing consistent sales, while the Bristol & Founders communities, both located in Chino Hills, recently closed out this summer.

For more information on West Village, visit http://westvillagebrea.com.

 

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com.

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September 16, 2019

Trumark Homes Sells Final Homes, Closes Out 149-Unit Community in Chino Hills, California

Builder meets demand for accessible, quality homes in highly sought-after Inland Empire community

Newport Beach and Chino Hills, Calif. (JULY 8, 2019) Trumark Homes, a national award-winning California homebuilder, today announced the complete closeout of Bristol, a new 149-unit residential community in Chino Hills, Calif. Trumark kicked-off Bristol’s home sales in March 2017 and quickly attracted homebuyers throughout Southern California. With an average absorption of approximately six sales per month, Trumark met the region’s high demand for modern, quality housing with a desired price point in one of California’s fastest growing and tightest submarkets.

Manors home at Bristol

“The success we’ve experienced at Bristol is a direct response to local buyers’ desire for convenience and accessibility in a rapidly growing and urbanizing area,” said Richard Douglass, Southern California division president at Trumark Homes. “Each community that Trumark brings to life is strategically located based on numerous factors, and we are proud to be able to satisfy a community’s insatiable demand for a new housing development.”

The 31-acre Bristol community offered homebuyers multiple distinct product options ranging in size from 1,814 to 2,945 square feet and appealing to a variety of groups from first-time to move-up and move-down homebuyers. Bristol’s Courts and Manors neighborhoods consist of 107 two-story, single-family detached homes while the Towns neighborhood includes 42 attached three-story townhomes. The Manors neighborhood features an enclave of 12 oversized lots named the Signature Series where homebuyers selected their own homesite, elevation and floor plan, and covered patios and gourmet kitchens were included. Home prices within Bristol ranged from mid-$500,000 to low $800,000’s.

Bristol’s central location within Chino Hills and the project’s design were key in Trumark’s successful closeout. Located at Soquel Canyon Parkway and Bristol Lane, the community provides convenient access to Highway 71 for commuters traveling to Orange County, Riverside or Los Angeles Counties.

Awarded Community of the Year by Builder and Developer in 2017, Bristol was designed to embrace an urban, walkable lifestyle with accessibility in mind. The community includes a five-acre walking trail and oversized landscaped walkways throughout, providing access to nearby shops and restaurants, local schools and recreational amenities such as hiking trails and a local golf club.

In addition to the closeout of Bristol, Trumark is nearing final sales at Founders community, 76-duet style, two-story homes also located in Chino Hills. Founders opened in 2017 and is experiencing a similar pace in sales as Bristol.

Trumark Homes is actively selling at two additional Southern California locations, including Centerhouse, comprised of 114 condominiums in Ontario, and Lewis+Mason, a 153 three-story townhome community in the Platinum Triangle in Anaheim. The homebuilder also will be commencing sales this fall at West Village, Trumark’s newest community in Brea. It will include 62 three-story townhomes with customizable floorplans and 20 stacked flats.

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com.

July 8, 2019

Trumark Homes Announces Six New Acquisitions Across California

Award-Winning Homebuilder to Close on Six Parcels in First Two Quarters of 2019 Representing $541M in Projected Revenues

NEWPORT BEACH, Calif., May 7, 2019 /PRNewswire/ — Trumark Homes, a national award-winning California homebuilder, announced today it recently acquired a 4.6-acre land parcel in Brea, CA, purchased from J.H. Real Estate Partners, Inc. and located within the Central Park Village master plan. In addition to this new Southern California site, Trumark Homes will close on five additional acquisitions across California, totaling 450 residential lots and an estimated $541M in projected revenues. With robust demand in attractive suburban markets, the homebuilder’s new acquisitions precede an exciting wave of new communities taking shape across the state.

A rendering of the future townhouse and flats community Trumark Homes plans to build on the newly acquired site in Brea.

 

 

 

 

 

 

 

“In each of these vibrant target markets, our team identified unique opportunities to acquire parcels and add significant value by improving or changing existing entitlements,” said Michael Maples, Co-Founder and Principal of Trumark Homes. “Most of these acquisitions started in 2017 or before, so we are pleased with the strategic timing of each closing as it fills our pipeline for future market demand.”

The Brea acquisition will consist of 62 three-story attached townhomes and 20 stacked flats. Located on the corner of W. Central Avenue and Site Drive in Brea, the project lies across from a new one-acre community park and four-story medical office building. The entrance will serve as a pedestrian plaza area and provide a rich environment for engagement and community with an enhanced street frontage, water feature and pedestrian paths. The community will offer multiple design layouts per floor, allowing buyers the option to select a design layout of their choice per floor to create the ultimate customizable home. Pre-sales are slated to launch in fall 2019 and models expected to open in spring 2020.

By the end of this month Trumark will complete acquisitions on a total of six properties in 2019. In addition to the Breaproperty, the Southern California division is closing on a former avocado orchard re-entitled for 95 residential lots in Escondido. Trumark’s Northern California division will close on the company’s first age-qualified community of 59 lots located in The Collective master planned community in Manteca, an 18 luxury-home community in Danville, a 59-lot parcel in Sunnyvale, and a 138-unit project in Newark.

“This volume of closings in such a short period of time is a testament to our team’s incredible efforts and success in deal making, problem solving and tenacity, as we continue to build momentum as a company,” said Gregg Nelson, Co-Founder and Principal of Trumark Homes.

Trumark Homes is currently active in communities across the state with homes for sale at SP78 in Downtown San Jose, Glass Bay in Newark, Perch and Fielding in Dublin, Lewis + Mason in Anaheim and Centerhouse in Ontario.

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com.

May 7, 2019

Trumark Homes Grand Opens SP78 Community In Downtown San Jose

Award-Winning Homebuilder Introduces 78 New Homes to Nation’s Hottest Housing Market

SAN RAMON, Calif., March 26, 2019 – Trumark Homes, a national award-winning California homebuilder, announced today the Grand Opening of SP78 at San Pedro Square in the heart of San Jose, recently named the nation’s hottest housing market by Zillow. Representing the first for-sale product of its kind in San Jose’s downtown district, SP78 will feature 78 new three-story townhomes adjacent to the popular San Pedro Square Marketplace.

Inside a model home at SP78 in San Jose.

 

“The recent announcement of Adobe’s new downtown office tower and Google’s proposal for a transit-oriented village coupled with the city’s greater effort for urban revitalization of the area further demonstrates the tremendous opportunity associated with downtown San Jose,” said Tony Bosowski, Northern California Division President at Trumark Homes. “San Jose continues to draw new residents who seek convenience and jobs in emerging tech markets. The impact of the tech industry on housing supply is very apparent and has created a real demand for new construction, for-sale homes like SP78.”

Located in the heart of Silicon Valley, the homes will offer attached direct-access garages and close proximity to downtown office, retail, restaurants and entertainment, convenient access to public transportation and freeways, and a short commute to the Mineta San Jose International Airport. Since launching sales in summer 2018, the community has already reached an impressive sales milestone with over 30 percent sold, a testament to the influx of buyers to San Jose, predicted to remain the nation’s hottest housing market in 2019. The single-family two- and three-bedroom townhomes will feature 10 foot ceiling heights, abundant natural light, expansive great rooms and contemporary designs. Prices begin in the mid-$900,000s and first move-ins are currently slated for spring 2019.

“SP78 is the ideal product for those who desire an urban, walkable lifestyle seamlessly connected to nearby dining, entertainment and major employers all while staying in arm’s reach of key transportation,” added Bosowski.

One of the highest geographic concentrations of high-tech companies in the world and home to global titans like Cisco and Adobe, San Jose enjoys the lowest unemployment rate and the most jobs per person among the 50 largest U.S. metros. Further, 75 percent of all Fortune 500 companies in the Silicon Valley region are headquartered within 15 miles of downtown San Jose.

Trumark Homes hosted a Model Home Grand Opening event on February 23, drawing over 200 prospective buyers to experience the contemporary homes firsthand.

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com.

March 26, 2019

Trumark Companies Bolsters Executive Team With The Announcement Of Eric Lindquist As Chief Financial Officer Of Trumark Homes

With Trumark’s Expanding Real Estate Portfolio Across California, Lindquist to Focus on Revenue from Growing Urban and Suburban Markets

SAN RAMON, Calif., Feb. 4, 2019 – Trumark Companies, a national award-winning California-based real estate developer, announced today that it has appointed the company’s corporate controller Eric Lindquist to serve as its Chief Financial Officer of the Trumark Homes and Urban divisions. As Trumark looks to expand across a diverse collection of new real estate investment and development opportunities, Lindquist will utilize his in-depth real estate financing knowledge to strengthen Trumark’s portfolio, and position the company as an innovative leader in the homebuilding industry.

“In the time that Eric has been with Trumark, his energy, business expertise and strong drive have proven instrumental to our company’s continued growth as one of the West Coast’s leading private homebuilders,” said Gregg Nelson, Principal and Co-Founder of Trumark Companies. “We are thrilled to usher him into this new role, and confident in his ability to maximize our sustainable growth and profits to further steer Trumark’s legacy of creating inspiring residential communities.”

With over 17 years of experience in the real estate and finance industry, Lindquist previously served as Corporate Controller of Trumark Homes for the past year, where he oversaw financial planning, accounting strategy, financial risks and analysis of economic forecasting. Prior to joining Trumark, Lindquist served as the Vice President of Finance for the Bay Area Division of Lennar Corporation (formerly CalAtlantic Homes) where he was responsible for $250 million in revenue for the public homebuilder, growing revenue by more than $100 million in just two years. He has also held positions as a Controller at Blu Homes Inc. and Audit Senior Manager with KPMG. With broad experience in public accounting and finance strategy, Lindquist has extensive experience leading the finance, accounting, HR and IT functions and supporting the long-term financial positioning of public and privately held companies.

“With Eric’s strong track record of increasing revenue for leading developers in the homebuilding industry, we are poised for prosperity as he helps us maximize our profits and success and strategically plan for our revenue in the growing secondary markets across Northern California and Southern California,” said Michael Maples, Principal and Co-Founder at Trumark Companies.

Lindquist holds a bachelor’s degree in business economics with an emphasis in accounting from the University of California at Santa Barbara. As a licensed CPA in the State of California, he is also a member of the California Society of CPAs.

About Trumark Group of Companies
With 30 years of trusted experience and recent recognition as 2018 Builder of the Year, the Trumark Group of Companies is a diversified real estate development and building firm that includes: Trumark Communities, a master planned community developer; Trumark Homes, a next generation homebuilder; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. www.trumarkco.com

 

February 4, 2019