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CASE STUDY

Main Street

Milpitas, California

Key Data

Project Duration

24 months

Parcel Size / Unit Count

2.35 acres / Approved for 56 townhomes

Process & Financials

True Life Capital controlled the property for $2.3M over a 24-month period. The original owner sold the property for $13.1M, and the builder acquired it for $17.5M, resulting in a $2.1M gross profit. True Life Capital was able to orchestrate the transaction without directly owning the parcel, effectively controlling a $17.5M asset for $2.3M.

Location Analysis

In 2023, employment in Santa Clara County accounted for 12% of all California STEM jobs, and 2% of all STEM jobs nationwide. More than 176,000 workers in this area were employed in STEM roles, making it a major job hub for the tech economy.

Exit

Purchased by an affiliate of Toll Brothers in August 2023