Tuesday March 12, 2019
Local Homebuilder Plans to Open Seven New Communities in 2019
VISALIA, Calif. – San Joaquin Valley Homes (SJV Homes) had another positive year in 2018, closing 391 homes and opening three new communities, which marks a 21% growth rate compared to 2017, where the homebuilder closed 323 homes.
SJV Homes was the most active homebuilder in Tulare and Kings counties last year, with more building permits pulled than any of its competitors. Most of these communities were in Tulare County, where SJV Homes has long been the dominant builder, according to data provided by the Construction Monitor, which tracks public building records nationwide.
“The numbers tell the story of our strong commitment to building quality homes for our neighbors in the Central Valley, and we are extremely proud of our ongoing success,” said Joe Leal, co-founder for Visalia-based San Joaquin Valley Homes. “Our goal for 2019 is to open seven new neighborhoods located in Tulare, Kingsburg, Hanford, Porterville, Dinuba and Visalia.”
In 2018, SJV Homes opened three projects: Bella Vista, 142 units in Hanford; Brighton, 114 units in Tulare; and Catalina II, 51 units in Visalia. This year, SJV Homes plans to open seven new communities: Bonterra, 125 units in Hanford; Greystone, 124 units in Visalia; Ashton Park, 93 units in Visalia; Summerlyn, 150 units in Kingsburg; Kensington, 134 units in Tulare; Cambria, 80 units in Porterville; and Vista Robles, 138 units in Dinuba. Also, in 2019, the following projects are scheduled to close out: Savannah, 231 units in Tulare; Viscaya, 124 units in Dinuba; and Tuscany, 116 units in Bakersfield.
The following is a breakdown of SJV Homes’ current projects:
Brighton, 114 units, Tulare (open for sale)
Catalina II, 51 units, Visalia (open for sale)
Savannah, 231 units, Tulare (scheduled to close out March 2019)
Pine River Estates, 144 units, Visalia (open for sale)
Viscaya, 124 units, Dinuba (open for sale)
Chelsea West, 145 units, Visalia (open for sale)
Greystone, 124 units, Visalia (scheduled to open 1st quarter 2019)
Ashton Park, 93 units, Visalia (scheduled to open 2nd quarter 2019)
Summerlyn, 150 units, Kingsburg (scheduled to open 2nd quarter 2019)
Kensington, 134 units, Tulare (scheduled to open 2nd quarter 2019)
Cambria, 80 units, Porterville (scheduled to open 2nd quarter 2019)
Vista Robles, 138 units, Dinuba (scheduled to open 2nd quarter 2019)
Tuscany, 116 units, Bakersfield (open for sale)
Bella Vista, 142 units, Hanford (open for sale)
Chandler Park, 113 units, Hanford (open for sale)
Bonterra, 125 units, Hanford (scheduled to open 1st quarter 2019)
All of these projects are a joint venture partnership with Presidio Residential Capital, a San Diego-based real estate investment company. To date, SJV Homes and Presidio have partnered on 23 projects totaling more than 2,600 units.
About San Joaquin Valley Homes
San Joaquin Valley Homes (SJV Homes) is a local homebuilder with deep roots in and a strong commitment to the Central Valley. Founders Joe Leal, Jim Robinson and Randy Merrill share a vision to build quality new homes in carefully planned neighborhoods for people who love the Valley and want lasting value. In 2013, SJV Homes combined forces with Presidio Residential Capital, a real estate investment firm in San Diego. It has since closed almost 2,500 homes and is now one of the busiest homebuilders in the San Joaquin Valley. For more information, please visit www.sjvhomes.com.
About Presidio Residential Capital
Presidio Residential Capital is a real estate investment company focused on the residential housing sector. Headquartered in San Diego, California, the firm provides capital in the form of joint ventures for the entitlement, development and build-out of for-sale residential projects throughout the Western United States. Presidio has infused more than $1 billion into the economy to capitalize the housing industry. The firm’s goal is to invest in excess of $50 million in capital for home-building projects in the Western United States in the next 12 months. It currently has investments in Arizona, California, Nevada, Colorado, Washington and Idaho with current committed capital of $500 million focused on 75 projects. The firm is affiliated with a privately held registered investment advisor specializing in alternative investment strategies who has a long history of investing in the home-building sector. Current assets under management total more than $2.5 billion. Online and social media: www.presidioresidential.com, Facebook, Twitter and LinkedIn.