Silicon Valley market expert and former Robson Homes land acquisition director says Trumark is eager to do business in 2013
DANVILLE, Calif. – January 7, 2013 — Brian Steele, a 16-year veteran of the homebuilding industry and one of the Bay Area’s savviest property negotiators, has joined Trumark Homes as senior vice president of land acquisition.
“Brian’s a demonstrated self-starter with an entrepreneurial spirit,” said Gregg Nelson, co-founder and managing member of Trumark Companies. “With the ambitious goals we’ve laid out for 2013, we’re going to need someone with Brian’s drive, talent and connections to meet them.”
Prior to joining Trumark, Steele was director of land acquisition for Robson Homes in San Jose, where he acquired infill development projects throughout the Silicon Valley.
In 2007-09, he was in charge of site acquisition for The Hanover Company, a Houston-based apartment developer. Steele established Hanover’s San Francisco regional office responsible for the acquisition and development of luxury apartment communities.
From 2003-07, Steele directed land acquisition for D.R. Horton’s Bay Area Division as well as opened a Lathrop satellite office targeting Central Valley acquisitions. His regional experience has made familiar with most areas of Northern California.
In all, Steele’s acquisitions have yielded thousands of new homes for Bay Area residents with revenues in excess of $650 million for the respective organizations.
Current market conditions, and the latest technology growth throughout the Silicon Valley has presented promising opportunities for Trumark, said Steele, adding it’s an exciting time to be focused on Bay Area real estate.
“We see the opportunity to create value across a multitude of sites,” Steele said. “Demonstrated by our actions, the word is out that we’re looking for homebuilding and entitlement opportunities alike, and if you got a property in mind, give us a call.”
Trumark is a full-service homebuilder and real estate company with new home communities in Northern and Southern California – we’re more than a developer, Steele stressed.
“We’re currently constructing new home communities throughout the Bay Area. In 2013, Trumark Homes will bring nearly 250 new residences to Bay Area homebuyers, with several more communities to follow.”
Trumark’s extensive experience in the entitlement and development end of the business give the company a leg up in today’s competitive Bay Area real estate market, which Steele calls among the best in the nation, with foreclosures trending down and a demand outpacing supply which has promoted double digit price appreciation in major metropolitan markets.
“Anything centered around Palo Alto, which is the job engine of the Bay Area, is prime,” said Steele, adding that Trumark’s principals have targeted sites within 40 minutes of major employment centers as priorities for acquisition.
While Trumark’s strategic focus remains core San Francisco markets, Steele said Trumark is also looking into select Central Valley and Sacramento areas.
Steele earned his bachelor’s degree from California State University, Hayward, as well as a master’s degree in business from Saint Mary’s College of California. A young leader of the San Francisco Urban Land Institute, motorsports enthusiast and former bull rider makes his home in Livermore.
About The Trumark Group of Companies
The Trumark Group of Companies is a diversified real estate developer and builder with expertise in land acquisition, homebuilding, community design, entitlements and office, R&D and retail development.
Trumark Companies is the residential development arm of the organization and has completed over $600 million in transactions since 2000, representing approximately 2,500 lots in Northern and Southern California.
Trumark Commercial, which builds, leases and sells commercial buildings, has entitled or developed approximately two million square feet of office, R&D, retail and hotel properties in the northern portion of the Golden State.
Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Since May of 2009, Trumark has raised more than $140 million of equity and funded 15 deals. Its pipeline exceeds 2,000 lots in core urban areas of California, representing more than $950 million in future revenue.