The True Life Companies Expands Construction and Home Construction Management Expertise with… | Nation/World
DENVER, March 02, 2022 (GLOBE NEWSWIRE) — DENVER, CO — Property development and investment firm The True Life Companies (TTLC) has reached an agreement to buy Brighton | Coulson, a full-service residential home builder and construction management services company based in San Ramon, California.
While TTLC already owns a stake in Brighton | Coulson, this acquisition will place the company firmly in the ownership and control of TTLC. Brighton | Coulson has built homes for several of TTLC’s former communities, and most recently acted as a fee builder for TTLC’s affiliate, Homes Built for America (HBFA).
Brighton | Coulson has built or managed the construction of over 200 single and multi-family homes in Northern California since inception. The Brighton | The Coulson team includes over a century of experience working among the top 25 national home builders. Therefore, this new subsidiary of TTLC will be well positioned to supply much needed new homes to the California and Colorado markets.
« The acquisition of Brighton | Coulson is a perfect fit for The True Life Companies,” said Scott Clark, CEO of TTLC. “As well as adding tremendous value to our business through its full range of construction and home building expertise, it will significantly enhance our mission to provide accessible housing to underserved markets with high levels of demand. “
Specializing in a variety of complex projects, this new in-house construction team brings over 100 years of collective experience in the development of residential real estate projects, including single family attached and detached homes, multi-family homes, apartments, podiums and commercial spaces. The company’s expertise also extends far beyond construction to license multiple types of projects and manage developments from the time of property acquisition through project closeout.
“We are extremely happy to officially bring Brighton | Coulson in The True Life Companies family,” said Scott Menard, who is the CEO and co-founder of the company, as well as executive vice president of TTLC. “Providing this one-stop-shop for TTLC and our Homes Built for America home building operation will allow us to build feasible homes faster and control costs, which is great news for new home buyers.”
Currently, Brighton | Coulson is acting as the general contractor for America’s Built Homes on SoMi, a 189-unit mixed-use community in a high-demand Hayward location near the South Hayward BART station. This unique community will include a mix of townhouses and condominiums and will include over 8,000 square feet of retail space, parks and condominium parking garages. The residential component includes a total of 66 condominium units in two buildings, 20 of which are reserved for affordable housing. Townhouses include 123 residences in 23 buildings.
Under its general contractor license, Brighton | Coulson is currently completing a commercial building in Brentwood, a collection of new townhouses in Calistoga and 129 single family homes in Turlock. Once completed, the new subsidiary will continue to build for its current clientele, while also acting as the exclusive builder for Homes Built for America.
About The True Life Companies
The True Life Companies (TTLC) are made up of a team of high-performing residential real estate professionals who work with landlords, municipalities and local stakeholders to meet the need for much-needed accessible housing solutions in our metropolitan areas. TTLC seeks to establish new housing options in high-demand markets based on extensive research, innovative planning and creative collaboration. TTLC is headquartered in Denver with offices in San Ramon, Folsom and Irvine, CA. For more information on TTLC’s portfolio, including their active properties, visit www.TheTrueLifeCompanies.com
About Homes Built for America
Homes Built for America (HBFA) is the home building division of The True Life Companies. HBFA’s mission is to build feasible homes in well-planned communities based on thoughtful design; providing buyers with an easy experience before, during and after buying a home. HBFA selects cities that want new, sustainable housing solutions to serve new generations and recognize the opportunity HBFA provides to meet their housing needs. Learn more at www.builtforamerica.com.
Jon Amar Kovach Marketing 9252706511 [email protected]
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