Local Homebuilder Places Third on 2019 List of Rising Builders
San Joaquin Valley Homes (SJV Homes) has been recognized as one of the nation’s most active medium-size homebuilders, ranking third on the 2019 Builder Next 100 List of the top up-and-coming builders in America.Each year, Builder magazine releases a ranking of the top 200 homebuilding companies in the United States based on how many homes were closed in the previous year. Those that rank 101-200 are recognized on the Builder Next 100 List of homebuilders on the rise, which was announced Monday at the annual Housing Leadership Summit.
SJV Homes closed 391 homes last year, which marks a 21% growth rate compared to 2017. Although it barely missed landing on the top Builder 100 list – which is dominated by large private and public builders – SJV Homes did rank No. 103, putting it near the top of the Next 100 List of predominantly mid-sized private builders.
“Hard work pays off, especially when it is backed by our strong commitment to building quality homes for our neighbors in the Central Valley,” said Joe Leal, co-founder of Visalia-based San Joaquin Valley Homes. “Homebuyers tend to trust their local builder, and we’ve been active in the Valley for generations. The Valley is our home, so we’ll always be here if they need us.”
SJV Homes opened three new communities in 2018 with more building permits pulled than any of its competitors in Tulare and Kings counties. Its goal for 2019 is to open seven new neighborhoods in Tulare, Kingsburg, Hanford, Porterville, Dinuba and Visalia.
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.
