The Team at True Life Development is well-versed in all phases of real estate development. We focus our efforts on single-family communities, intent on creating good neighborhood design that responds to the local demand and market needs. Team members seek credible opportunities to enhance value and provide productive solutions to our development partners, including land sellers, government organizations, public or private builders, and the greater community at large. From land acquisition through engineering, land development, and vertical construction, we respect our mission as stewards of the American dream.
Our land acquisition group seeks out strategic opportunities that allow us to extend a wide range of value choices to the public or private builder looking for finished lots, as well as to the homebuyer in search of a new home to call their own.
We are serious about our undertaking and have closed on over 5 land deals in the past six months in both Northern and Southern California, including communities designed for first-time buyers and those created for the luxury market. Since inception, our company has underwritten $5 billion in land transactions in California and Arizona. We are continuing the search for the right properties in California, Arizona and Colorado.
Whether you are buying or selling land, True Life Communities can be a tremendous ally and partner. We are skilled in due diligence, deal structuring and negotiation. To learn more about our 2011 goals and acquistions, contact Taber Anderson at tanderson@truelifecommunities.com.
Derek Spalding, Land Acquisition
Direct Phone: 925.824.4312
dspalding@truelifecommunities.com
Derek Spalding is currently heading Americap's acquisition efforts in the Sacramento and Central Valley of California. He has extensive experience in these areas, having managed residential development and construction projects there since 1993.
Derek's considerable experience in land acquisition and forward planning is complemented by his considerable research and due diligence capabilities. As Manager of Land Acquisition at KB Home and Vice President of Land Acquisition at DR Horton, he has been instrumental in the acquisition and development of over 3750 lots in the region, managing projects from preliminary research, financial and market analysis as well as providing strategies for project segmentation, market capture and product recommendations.
Derek began his career as a construction superintendant for KB Home. The experience of performing over 100 homebuyer walk-through orientations solidified Derek's emphasis on the homebuyer, even from the earliest phases of development. His passion for acquisition, development and end user experience are a true asset to the Land Acquisition division.
Derek obtained his Bachelor of Science in Construction Management from California Polytechnic University in San Louis Obispo, California
Mike Bedker, Land & Development
Direct Phone: 925.216.9590
mbedker@truelifecommunities.com
Mike Bedker's extensive and diverse background in the development and construction industry includes land acquisitions, building acquisitions, forward planning, architecture, engineering, development, and project management of over two hundred twenty projects, including multi-family (Section 8 and/or HUD projects), single-family residential and mixed use PUD's totaling approx. 8,400 units with budgets from five hundred thousand to two hundred million dollars.
Mike spent 18 years as President of Land Based R&D Corp., during which time he was responsible for the pre development or development of about 3,700 custom, semi-custom and multi-family residential and mixed use units in six states. The development process included direction and supervision of land acquisition, processing of entitlements for various land uses, product design horizontal development, building construction, and marketing and sale of finished units.
Much of Mike's career was spent as the senior land acquisition executive with The Meyers Group and The Muller Group in Washington and Arizona, and more recently, with Pacific West Companies in Nevada. In these positions, he led teams of up to 32 members in several states in identifying and evaluating land for development, which included market studies, due diligence and feasibility analyses. He directed the process of obtaining entitlements, dealing with many diverse government agencies, including city councils, county boards of supervisors, planning commissions, Army Corps of Engineers, the Department of Fish and Game and the Sierra Club.
Mike Hare, Project Development
Direct Phone: 602.418.4155
mhare@truelifecommunities.com
Mike Hare brings an impressive track record and masterful skill set to his role in land acquisition at True Life Communities. His career is characterized by over 200 lot financing transactions, including 40,000 residential lots valued in excess of $2.2 Billion. His 17 years of investment experience covers prime markets in Arizona, California, Colorado, Texas, Florida, Nevada and Virginia. He has worked with institutional investors such as public pensions, major financial institutions, private endowments, family offices and high net worth individuals. Mike's background includes all facets of residential land acquisition, development and finance, with vast experience in residential lot financing for public and private homebuilders.
As Senior Investment Officer for APEX Capital Management LLC, Mike lead the origination and management of two real estate investment funds with 6,100 residential lots valued in excess of $370 Million. Completed investments with the firm achieved net investor IRR in excess of 40%. Prior to APEX Capital, Mike served as an Investment Officer at Acacia Capital Corporation in Phoenix, Arizona. Over his eleven year tenure with the company, Mike was the lead investment underwriter for five real estate investment funds that financed approximately 33,000 residential lots valued in excess of $1.8 Billion for national public and private homebuilders. The Acacia funds consistently generated net investor returns ranging from 16% to 18%.
Mike's exemplary record is underscored by his extensive relationships with leading companies in the real estate and finance industries. Mike holds a Bachelor of Business Administration with concentrations in finance and real estate from the University of Georgia and a state of Arizona real estate license.
Escondido, California
Thirty-six ridgetop lots will provide high-end homes with fantastic views of valleys, hills and the ocean. Construction anticipated to begin in 2012.
Pleasant Hill, California
Nine single-family home-sites in a unique hillside setting. Escrow closed on raw land in early 2011 and development is anticiapted to begin in 2012.
El Sobrante, California
Previously Colina Canyon, we conducted full land development to finished lots. Partnership purchased the development and will build out to completed community.
Pleasanton, California
An exclusive collection of five finished lots in an infill location near Ruby Hill. These homes are currently in various stages of construction and sales.
Escondido, California
Formerly known as High Pointe, 36 single-family lots along a sculpted ridgeline off Highway 15. Finished lots closed escrow___________ and sold the lots to a private investor in December of 2010.
El Sobrante, California
Previously Colina Canyon, property entered escrow _________ of 20__. Conducted full land development to finished lots and closed in __________ of 20__. Partnership purchased the development and will build out to completed community.
A collection of pdf documents that illustrate Land Acquisition efforts and company history. Documents TBD.
Anticipating market needs and incorporating community concerns are part of the philosophy of our Planning and Development Team. We work closely with city planners, city council members, and the greater community in which we're developing to bring a truly valued new neighborhood into the local region. Every stage of our operation is engaged to manage our developments in the spirit of creating a better neighborhood, a better city, a better tomorrow for families that will live and build their memories in our homes and communities. For more information on our operation and independent consulting services available, please contact Aidan Barry at 925.824.4317 or abarry@truelifecommunities.com.
Aidan Barry, Senior Vice President Forward Planning & Community Development
Formerly with Catellus Development Group, Mr. Barry has extensive land development and construction experience across Northern California. He managed a joint venture between Shea Homes, Shea Properties and Centex Homes with the goal of turning 700 acres on the San Francisco Bay into a thriving mixed-use development. He has served as the Vice President of Construction for the Harbor Bay Isle project a master-planned community of 1,000 acres of land supporting 3,000 homes and 2 million square feet of commercial office facilities in Alameda, CA.
For five years, Mr. Barry also worked in partnership with the City of Alameda in negotiations with the United States Navy in order to accomplish the transfer of a shuttered Naval Air Station facility to the City of Alameda. Mr. Barry also worked on brownfield developments with The DeSilva Group, a major land development firm based in Dublin, California, focusing on redevelopment opportunities throughout Northern California.
Our experienced team of planning and project managers will help you review and re-imagine your development.
We take into account existing surroundings, market demand and projected needs to generate a land plan and housing type that fulfills the potential of any site. Our focus is on utilizing space to it's greatest capacity, incorporating the way people truly live, because we believe that creates the greatest value in any community for all stakeholders, present and future.
Our expertise in negotiation and communication and our knowledge of the entitlement process give our clients a valuable edge in gaining approval of their projects. Our many existing relationships at the city and county level give us the advantage of engaging the right contacts to help process your development and save time on your schedule. We also understand the importance of engaging the public in the process to achieve balanced results for everyone and keep your project on track.
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As the market gains some speed, many builders are still taking a measured approach to bringing on new team members. With our expertise and experience, we can offer the capabilities you need without the cost of full-time staff. We can function as your development team, providing solid knowledgeable professionals who can assist you in taking your lots from raw to finished, or any stage in between, and supplying crucial management along the way to maintain the critical path and control the budget of the project. Types of Land Development includes:
- Hillside
- Infill
- Urban
- Suburban
Colina Canyon
32 Finished Lots
El Sobrante, California
- Executive Summary:
- The project "Colina Canyon" is made up of 32 finished single family lots, located in El Sobrante, California.
- True Life Communities acquired the partially finished project in February of 2010.
- Land acquisition cost of $3.4 million.
Sancerre Park
9 unit, single family subdivision
Pleasant Hill, California
- Executive Summary:
- Sancerre Park is a 9 lot single family home development located in Pleasant Hill, California.
- True Life Communities acquired this subdivision in the 1st Quarter 2011.
- The home sizes will range from 2,358 sf. to 3,040 sf.
- Land acquisition cost of $1.0 million.
- Vertical and horizontal construction debt of approximately $6.0 million is being provided by a private lender.
Woodlands
10 Lots
Fair Oaks, California
- Executive Summary:
- Woodlands is a 10 lot subdivision located in Fair Oaks near Sacramento, CA.
- True Life Communities acquired the project in Oct 2010.
- Land acquisition cost of $800 thousand.
- Vertical and horizontal construction financing of approximately $1.7 million from a private lender.
- First home currently under construction.
High Point
36 Lots
Escondido , California
- Executive Summary:
- High Point is a gated community of 36 lots that is located in Escondido north of San Diego, CA.
- The community is a collection of partially finished lots that vary in size from 1.7 to 93 acres with building pads averaging approximately 20,000 square feet.
- True Life Communities acquired this community in December 2010.
- Land acquisition cost of $5.8 million.
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