RENO, NEVADA—Pacific West Companies, which grew into a National Top 10 Multi-Family Developer prior to the Great Recession, has reformed its For Sale development division and is seeking longterm relationships with experienced land owners and investors.
“This is a natural step for us,” said Bill Pennington, president of Pacific West. “We’ve developed more than 10,000 condominiums and apartments in more than 40 planned communities throughout Northern California and Nevada. We have more than a decade of development experience and the advantage of being the most efficient general contractor in the west.”
Pennington pointed out that single-family home prices have risen to near record highs, putting them out of reach for most buyers.
“There’s a tremendous shortage of new homes,” said Pennington. “People need options. The multi-family For Sale market is the ideal solution.”
Pacific West, a multi-family specialist that has been in business for nearly three decades, will continue to serve as a general contractor in the For Rent market.
Pacific West’s first For Sale offering will be based on the RowTown, a town home product that can be built as efficiently as its apartment counterparts.
“We’ve reduced build costs to the point where you’ll be able to buy a town home for a monthly mortgage amount that’s only slightly higher than going rents,” said Pennington.
The RowTown will feature many market-leading features, including: full- and half-sized garages, private entries, oversized balconies, hybrid car charging ports, flex space, and more.
Click, for more on the RowTown product.
If you’re interested in forming a relationship with Pacific West’s For Sale division, please contact williampennington@pacificwestcompanies.com.
