The True Life Companies Acquires 810 Acres on the Big Island of Hawaii

SAN RAMON, CA--(Marketwired - Aug 20, 2013) - The True Life Companies (TTLC), a leading supplier of land to public and private home builders, has just completed the acquisition of a prime piece of Hawaiian real estate, 1010 Puako, comprised of 810 acres on the Big Island of Hawaii approximately 20 minutes north of the Kona International Airport. A current tentative map approval provides for 142 five-acre residential lots.

The property features spectacular 180 degree panoramic views of the Pacific Ocean westward toward the island of Maui. As a backdrop to the East lies the 13,192 foot Mauna Kea Volcano and the ancient Kohala Volcano lies a few miles to the north. Strategically located between the world-famous and historic Mauna Kea Beach Hotel, The Hapuna Prince Resort, the Mauna Lani Resort Village and the Waikoloa Resort, the property is in one of the most desirable residential submarkets and has limited direct competition.

TTLC plans to amend the approved tentative map with support from neighboring communities and resorts over an estimated 12-18 month period to improve the attractive features of the future community and better meet the anticipated demands of the rapidly recovering buyer market. The amended plan will be one that firmly addresses the site's natural terrain, elevation changes, panoramic view angles and site sensitive amenity opportunities such as an integrated walking and biking trail and passive parks network. 

"The broadening recovery of the real estate market, together with modest inflation has poised the islands for several years of sustained growth resulting in a steady increase in property values," stated Scott Clark, Chief Executive Officer of TTLC. "In addition, the Puako property offers an ideal location. There are few large lot residential parcels located in the competitive market and none with comparable proximity and access to world-class beaches, resorts and restaurants." 

Taber Anderson, TTLC's Chief Investment Officer, added, "The recovery we're experiencing in the overall residential market has brought homebuilders and buyers back to the table in search of land and lot inventory at a time when the supply is severely constrained. We have the ability to provide the land and lots to allow home builders and lot buyers to capitalize in a timely manner upon the housing recovery. The strong demand we are experiencing from the homebuilding community drives our efforts to uncover and control strong investment opportunities with favorable attributes like the Puako property."

The economic recovery and growth of Hawaii translates into significantly declining unemployment rates and higher labor earnings. According to the University of Hawaii Economic Research Organization (UHERO), unemployment is expected to be less than four percent by 2015 and the construction job count at 39,200, an increase of 10,000 more jobs than in 2012. 

With several land investments throughout California, Colorado, Arizona and Hawaii, TTLC, led by Clark and Anderson, plans to continue acquiring land throughout the western United States as a major provider of entitled land and lots to the homebuilding industry and a catalyst to create new resort lifestyle communities.

TTLC is a strategic real estate investment and management firm composed of top-tier professionals with over 150 years of combined industry experience in all facets of real estate acquisitions, development, management and homebuilding. TTLC is based in San Ramon, CA with regional offices in Phoenix and Denver. The company derives its name from their dedication as stewards of the American Dream, providing opportunities and creating communities of enduring value, establishing relationships based on a long-standing tradition of honesty and trust -- creating the foundation that leads to brighter futures. TTLC is the premier supplier of lots and land to public and private builders in the western United States. Simultaneously, their resort/recreation division focuses on initiating and adding value to new and existing luxury master-planned communities. For more information, visit www.thetruelifecompanies.com or visit www.facebook.com/thetruelifecompanies.