According to Freddie Mac, our nation suffers from a housing deficit of 3.8 million homes
WHAT ARE WE DOING ABOUT THE DEFICIT?
We repurpose obsolete properties into homesites for entry-level residential homes.
We collaborate with investors, property owners, community leaders, municipalities, and homebuilders to create vibrant new residential communities
The photograph shown is The Sunnyvale – Fremont Corners II property site where Elite Fund I has invested. There can be no assurance that these objectives will be achieved.
- Scott Clark, Chairman & CEO
“Our team is composed of local experts with boots on the ground and deep relationships in their markets.”
2008
Founded
67
Projects Completed & In Progress
9,600
Homesites
Millennial Population is Outpacing Active Listings
WHY ARE WE DOING IT?
In 2007 3 million homes were listed for sale and the population aged 25 to 39 was barely above 60 million. Today, just over 700,000 are available but the millennial population has grown to nearly 68 million. There is clearly a supply-demand imbalance.
Source: Realtor.com; Oxford Economics; Trading Economics (Realtor.com Real Estate Data and Market Trends for Download; Oxford Economics Global Data Workstation; United States Total Housing Inventory (tradingeconomics.com)
Bringing the American Dream back to Reality
SELECTED PROJECTS
Over 40 properties are in the Elite Fund I portfolio. Below are videos of three sites as examples of our work. Two are the most recent to exit the Fund and the third is currently completing the approval process in San Antonio, Texas.
Wright Ranch
Active
San Antonio, TX
138 Acres
Main St. & Panchal Assemblage
Closed
Milipitas, CA
2.35 Acres
Vista Melrose
Closed
Vista, CA
5.27 Acres
Investor Returns
TRACK RECORD
Preferred Return
10%
Profit Split
50/50
The True Life Companies Team
MAKING IT HAPPEN
Scott Clark
Chairman & CEO
Scott Menard
Executive Vice President
Michael Lorenz
President, National Properties & Development
Aidan Barry
Executive Vice President
Leah Beniston
Senior Vice President of Entitlements
Bill Hoffenberg
Homes Built For America - Chief Financial Officer
Cynthia Keller
Vice President of Corporate Communications
Chad Scherer
Senior Vice President, Finance & Accounting & Chief Financial Officer of Elite Fund III
Gordon D. Jones
Regional Vice President, Bay Area and Southern California
Morgan Tassler
Director of Partner Success
CONNECT WITH US
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Forward Looking Statements
The Website, the information thereon and the documents to which the Website refer may contain statements that are forward looking, as defined by the Private Securities Litigation Reform Act of 1995 or within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to The True Life Companies’ expectations regarding the performance of its business, liquidity and capital resources and the other non-historical statements in the discussion and analysis. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. The words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions may identify forward-looking statements. PAST PERFORMANCE IS NOT INDICATIVE NOR A GUARANTEE OF FUTURE RETURNS. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct and actual results may differ materially from expected results. All forward-looking statements involve risks and uncertainties. The occurrence of the events described, and the achievement of the expected results, depend on many events, some or all of which are not predictable or within our control. In addition, important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include risks relating to our dependence on certain key personnel, our ability to raise new private equity, capital markets or real estate funds, market conditions generally, our ability to manage our growth, fund performance, changes in our regulatory environment and tax status, the variability of our revenues, net income and cash flow, our use of leverage to finance our businesses and investments by our funds and litigation risks, among others. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
Risks and uncertainties regarding forward looking statements also include, but are not limited to, those described under the section entitled “Risk Factors” in The True Life Companies Private Placement Memorandum as amended and supplemented.