Trumark bought 47 finished lots in Irvine in June 2021 from developer Five Point – six months after the Mission Viejo acquisition. Sales at this L’Aube neighborhood at the Great Park started in May 2022. The project sold out in 11 months.

“You’ve got to be able to do the heavy land development or infill development,” says Richard Douglass, Trumark’s Southern California president. “And you’ve got to be able to be efficient and work in the masterplan communities and have the capital to do that because it’s very expensive money, very expensive land. But if you only do one of the two, you’ve cut yourself off from half of the market.”

Also, Trumark picked up 73 finished lots in the Rancho Mission Viejo master-planned community in March 2022. As of this summer, the Dahlia project has 54 sales, with 15 families moved in.

In Covina, Trumark bought 4 acres in March 2021 that included a historic bowling alley. The Covina Bowl project includes 132 townhomes and a smaller, revamped commercial property that saves much of the site’s  “Googie” architecture. Just 37 residences are left to sell.