The True Life Companies Buys Land in Denver for Duplex Development
The True Life Companies, a real estate private equity firm, has purchased seven acres of land outside of Denver to build for-sale duplex homes.
The True Life Companies, a real estate private equity firm, has purchased seven acres of land outside of Denver to build for-sale duplex homes.
Located at 6501 Lowell Boulevard, the parcel is approximately one-half mile from RTD FasTracks B-Line Westminster Station and three stops from Union Station in downtown Denver.
“There is no indication that the demand for housing in Denver will slow down any time soon, so getting transit-oriented sites like these into productive use provides much-needed housing alternatives closer to work,” said Scott Clark, chairman and chief executive officer. “The positive effects of transit-oriented housing is reducing traffic impact, while creating conditions that improve the quality of life for residents.”
True Life has nearly $300 million in assets under management and indicated that it is in process of securing entitlements that would bring more than 2,000 homesites to markets in Denver, Los Angeles, Sacramento, San Diego and San Francisco.
According to filings with the Securities and Exchange Commission, the company sponsors multiple Regulation D private placement offerings.
The True Life Companies focuses on repurposing underutilized property to create new housing options in high-need U.S. markets. The firm is headquartered in Denver with offices in San Ramon, Folsom and Irvine, California.
