DANVILLE, Calif., March 1, 2016 /PRNewswire/ -- Nationally award-winning California homebuilder Trumark Homes and global real estate investment firm GTIS Partners have acquired one neighborhood subdivision within Wallis Ranch, the highly-anticipated master planned development under construction in Dublin, CA. The neighborhood "Fielding" will include 139 two-story single-family homes ranging in size from 1,809 square feet to 2,686 square feet. Construction is underway with sales slated to begin in Q2 2016.
The overall 184-acre Wallis Ranch master planned development was acquired by sister company Trumark Communities in 2014 through a partnership with Isles Ranch Partners, LLC and Castlelake, L.P. Upon full buildout, Wallis Ranch will deliver more than 800 new homes within eight neighborhoods to a region that has seen a significant boost in housing demand as a result of the thriving San Francisco Bay market located less than 40 miles away. The master plan features single-family detached homes and townhomes designed by local architecture firms KTGY (Oakland) and Dahlin Group Architects (Pleasanton).
"The opportunity to build new homes within Wallis Ranch represents a once in a lifetime opportunity for Trumark Homes," said Trumark Homes Northern California Division President Tony Bosowski. "We are able to execute our vision of creating a community anchored by nature and a sense of place with the introduction of the Fielding neighborhood."
To create a tranquil enclave that appeals to buyers' active lifestyles, Trumark Communities dedicated over half of the master plan's acreage to parks, open space and a water-quality basin. Landscape architects Gates Associates will bring to life a three-acre common area featuring an edible garden, fitness center, pool, spa and BBQ area surrounded by a mile of trail systems. Trumark continues to be a leader in innovation within the industry and with the California drought top of mind, the company will incorporate drought tolerant landscaping that will use all reclaimed water throughout the master plan.
"With its desirable Bay Area location and robust collection of amenities, we are confident that homes within Wallis Ranch will be highly sought after by buyers," said Gregg Nelson, Co-Founder of Trumark Homes. "We are eager to advance the construction process and look forward to introducing new housing to a growing segment of the Bay Area."
"The Dublin submarket has outperformed the national housing market over the past several years as a result of the Metropolitan Statistical Area's constrained land supply coupled with its high desirability among homebuyers seeking strong schools, tranquil living and close proximity to Bay Area employment," said Theodore Karatz, Director at GTIS Partners. "Wallis Ranch has been designed to be a special place with an expansive base of amenities and scenic views and we look forward to the project's grand opening this summer."
About Trumark Homes
Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of master plan communities and new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com.
About GTIS Partners
GTIS Partners is a global real estate investment firm headquartered in New York with offices in Los Angeles, San Francisco, Atlanta, São Paulo, Brazil, Paris, France, and Munich, Germany. GTIS Partners has 80 employees and currently has approximately $2.9 billion of assets under management. To date, the firm has committed capital to residential, retail, industrial, office, hotel and mixed-use projects in the U.S. and Brazil. In the U.S., GTIS has invested in over 75 projects across 19 states, including 57 projects in the residential sector. In Brazil, GTIS has invested in 90 assets comprised of approximately 13,000 residential units, 530,000 square meters of office and industrial space, and over 9,800 hotel rooms acquired, managed, or under development. By combining hands-on real estate expertise with a disciplined investment approach, GTIS Partners helps create value for its investors and partners. The firm pursues opportunistic real estate investments through direct equity investment and non-traditional lending activities and firm relies on macro-research as well as the hands-on industry knowledge of its experienced investment and asset management teams. For further information, please visit www.gtispartners.com.
SOURCE Trumark Homes