Sponsored: The True Life Companies Sells Chino Hills Residential Property Site to Trumark Properties
The True Life Companies and its subsidiaries TTLC Elite Fund I LP, TTLC Elite Fund II LLC, and TTLC Elite Fund III LLC announced the recent sale of its Chino Hills parcel Paradise Ranch to Trumark Properties LLC. Plans for the 85.2-acre parcel include 50 homesites set in a neighborhood of single-family homes surrounded by 50 acres of natural open space.
“Chino Hills has been ranked as one of the best places to live because of its high quality of life, exceptional schools, and beautiful scenery,” said Gordon Jones, regional vice president for TTLC Southern California Division. “Proximity to employment, great schools, equestrian trails, and regional parks are among the many perks of living here – not to mention being just minutes away from neighboring north Orange County communities.”
“This particular parcel is especially unique because it includes 50 acres of undisturbed, private open space,” said Scott Clark, chairman and chief executive officer for TTLC. “We’re committed to bringing much-needed homesites to supply-constrained markets, and we’re pleased to combine new residential opportunity with abundant nature in this new community.”
The project, which received entitlements last fall, is anticipated to break ground in 2025.
To date, the funds have invested capital into as many as 41 properties in some of the nation’s most highly constrained housing markets. TTLC or a designated affiliate will seek to complete the required approvals and then sell a shovel-ready property, or assign the purchase and sale agreement, to a well-capitalized homebuilder for their construction and sales pipeline.
Visit www.TheTrueLifeCompanies.com and follow @thetruelifecompanies on Facebook to learn more about TTLC and its current property portfolio.
For additional information about the funds, contact TTLC at (720) 210-9970.
About The True Life Companies
The True Life Companies comprises a team of seasoned residential real estate professionals who work together with property owners, municipalities, and local stakeholders to address the critical need for attainable housing solutions in our metro regions. TTLC seeks to establish suburban and urban housing options that are the result of insightful research, innovative planning, and creative collaboration. TTLC is headquartered in Denver with offices in Folsom, Newport Beach, and San Ramon, Calif.; Austin, Texas; Raleigh, S.C.; Salt Lake City, Utah; and Bethesda, Md., serving the mid-Atlantic region. For more information on The True Life Companies visit their website at www.thetruelifecompanies.com.
About True Life Capital
True Life Capital is a division of TTLC. Securities are offered through Orchard Securities LLC, Member FINRA/SIPC. The True Life Capital Group’s internal wholesale team are licensed representatives through Orchard Securities. Orchard Securities and The True Life Companies are not affiliated companies.
No Offer or Solicitation
This sponsored content is not an offer to sell or a solicitation of an offer to buy securities. An offer to sell the units of the fund may be made only pursuant to the amended and restated private placement memorandum dated Oct. 15, 2022, as supplemented. The information contained herein is qualified in its entirety by the memorandum. The offering of units is being made by means of the memorandum only to accredited investors who meet minimum accreditation requirements. The offering will not be registered under the Securities Act of 1933 or the securities laws of any state and is being offered and sold in reliance on exemptions from the registration requirements of such laws. Neither the U.S. Securities and Exchange Commission nor any other federal or state agency has passed upon the merits of or given their approval to the units, the offering, or the memorandum.
Past performance does not guarantee future results.
The True Life Companies is a sponsor of The DI Wire, and the article was published as part of their standard directory sponsorship package.
For more True Life news, please visit their directory page.
