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San Ramon Valley development company Trumark Homes has announced two of its latest steps as the company continues to expand its footprint regionally and nationally.
The company’s acquisition of Washington homebuilder JK Monarch marks a new, permanent presence for Trumark in the state with the establishment of a Washington division. The move serves as the latest expansion following those in southern parts of California and in Colorado.
“We have targeted expansion into the Pacific Northwest for years, and with this acquisition of JK Monarch we can capitalize on the strength of this market,” said Gregg Nelson, Trumark co-founder and co-CEO in a March 20 press release.
JK Monarch has gained recognition throughout its home region, including with regional homebuilder of the year awards and new projects continuing to be underway in Washington’s northwestern area surrounding the Puget Sound.
“This is a very exciting time for our company and our team as we join the Trumark Homes family,” JK Monarch founder Jonathan Bartels said. “What attracted me to Trumark Homes was the leadership, company values and culture, commitment to excellence and dedication to customer satisfaction. I am excited about the opportunity this provides our team members and trade partners.”
Officials for Trumark said in the announcement that the company expects to bring the current team at JK Monarch aboard as it transitions into the acquisition, with Bartels serving in an advisory role and current leadership at JK Monarch set to be “integral” to establishing Trumark’s new presence in Washington.
Bartels established JK Monarch in 2011, shortly after Trumark’s co-CEOs – and Danville residents – Nelson and Michael Maples – made their foray into the homebuilding realm with Trumark Homes in 2008.
“There is great symmetry between our companies, from our culture, shared values and people-first approach to the foundational commitment to building high quality homes and ensuring our homebuyers have an unparalleled experience,” said John Willsie, the chief administrative officer leading Trumark’s mergers and acquisitions.
Since 2011, Trumark has gone on to expand into the urban and planned community development realms, with the new acquisition serving as a landmark in realizing its ongoing goals for growth.
“Our strategic growth into the Washington market is an important milestone for Trumark Homes, both historically and as a nod to where our company is headed,” Maples said. “By combining our operational infrastructure and resources with JK Monarch’s deep market knowledge and regional relationships, we aim to become one of the top homebuilders in the region.”
Expanding to markets outside of California has been on the company’s horizon since 2020, when Trumark merged with Japan-based Daiwa House with that goal in mind, announcing its expansion to Colorado in 2021.
JK Monarch is the latest acquisition in a series from Trumark, including a Fresno-based loan company last year and a central California developer in 2023 that marked its move into that region.
Meanwhile back home in the Tri-Valley, Trumark announced the debut of its latest planned community in Livermore earlier in the month, with the company reporting that hundreds were in attendance for the grand opening of the 435-unit Arroyo Crossings on March 2.
“Our team has taken great care in collaborating with the city and community leaders to create Arroyo Crossings, an exceptional living environment that is the culmination of our shared vision for modern housing in Livermore,” said Trumark Homes’ Northern California Division president Tony Bosowski.
“There is intentionality in the four distinct neighborhoods and housing types, ranging from flats and townhomes to detached single-family homes. Our goal is to meet a range of lifestyles and housing needs for residents at any stage of life,” he added.
The planned community consists of two- and three-story apartment and townhomes and single-family homes ranging from two to four bedrooms across four different neighborhoods along with “resort-style amenities” such as a private clubhouse, two pools, lounges and other gathering spaces.
Model homes for all four neighborhoods are available for tours seven days a week from 10 a.m. to 5 p.m. Homes are also on the market for a number of other new Trumark properties, including Parkton and Francis Ranch in Dublin. New projects on the horizon consist of Deerwood Heights in San Ramon and The Orchard in Danville.
