Real estate professionals Peter H. Thomas and Mitchell Bradford announced today the launch of Thomas Bradford Communities (TBC), their new residential investment and development company with offices in Phoenix and Newport Beach, Calif.
The company plans to acquire $100 million worth of residential assets in the next 24 – 30 months as the market continues to recover and grow. Their focus is on existing multifamily communities ranging in size from 50 to 400 units. TBC’s strategy is to purchase mature properties in desirable locations and reposition them into communities that inspire and promote an authentic lifestyle free of the usual conventions.
“Residents seek unique locations and creative spaces to live, work and play,” said Bradford, who has been in the residential housing business in California and Arizona for more than 30 years. “TBC transforms outdated properties by improving design and function to appeal to everyone from millennials to ‘empty nesters’ seeking a living environment that is hip, inviting and connects with their lifestyle.”
To fuel its aggressive growth plans, TBC is seeking existing apartment communities across the southwest with a special focus on Arizona, Southern California and Nevada. With an experienced management and investment team, TBC will grow its brand creating tremendous value for its investors in the process. “TBC’s concept for creating communities begins with our core values of honesty, integrity, teamwork and inspiration – and ends with satisfied, engaged and inspired residents,” said Thomas, who also is founder and chairman of LifePilot, a British Columbia-based non-profit organization that seeks to empower people to live fulfilling, balanced lives and to realize their highest personal potential.
In keeping with that vision, Thomas and Bradford aspire to build communities that are relevant to their residents and that lead them to “love where they live.” “We want people to feel good about where they live and to know we really care about creating positive environments for them to enjoy their lives,” Thomas said.