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