Corporate Plan

 

Disciplined Value-Added Acquisition

  • Majority of value-added opportunities controlled for development under contract option (non recourse) agreements to limit financial exposure
  • Value-added acquisitions and option takedowns approved only after extensive due diligence and financial review (value create, adjusted risk return; profit margins; returns on capital employed)
  • Downside scenarios carefully analyzed
  • Utilize investor liquidity to take advantage of acquisition opportunities

 

Grow in Attractive Markets

  • Operate in select markets with significant population and employment growth prospects
  • Develop in lot/supply-constrained environment
  • Organic growth in existing markets, start-up growth in new markets
  • Opportunistic acquisitions in new and existing markets

 

Diversify Product Offering and Innovative Design

  • Build and market residences with superior quality and long term value
  • Understand demands of residents then link residence and community design to specific lifestyle of consumer group
  • Correctly sized new projects to avoid overexposure to any single micro-marketto this component.

 

Leverage Presence in Local Market

  • Real time market intelligence- Early looks at the best land acquisition opportunities
  • Recruit best possible candidates
  • Leverage strong subcontractor relationships

 

Focus on Profitability

  • Constant operational improvement and productivity- Value-engineer projects with subcontractors and suppliers to provide attractive features and minimize material and construction costs
  • Standardize products and processes to drive down costs and improve quality