The New Home Co., Inc.

The New Home Co., Inc.

The New Home Co., Inc.

Overview
Date Founded

2009

Headquarters

85 Enterprise, Suite 450, Aliso Viejo, CA, 92656, USA

Type of Company

Public

Employees (Worldwide)

209

Industries

Engineering, Construction & Architecture
Real Estate

Company Description

The New Home Co., Inc. engages in the designing, construction, and selling of homes. It operates through following segments: Arizona Homebuilding, California Homebuilding, and Fee Building. The Arizona Homebuilding and California Homebuilding segments involves in the acquiring and developing of lands; and constructs and sells single-family attached and detached homes. The Fee Building segment engages in building and selling homes, and managing construction related activities. The company was founded by Joseph D. Davis, Thomas Redwitz, Wayne J. Stelmar, and H. Lawrence Webb on August 26, 2009 and is headquartered in Irvine, CA.

Contact Data
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Executives & Employees

Co-Founder

Co-Founder

Founder

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Marketing Officer

President, Bay Area

Senior Vice President, Finance

Senior Vice President, Operations

Board of Directors

Co-Founder at The New Home Co., Inc.

General Partner at Sequoia Enterprises LP

Founder at IHP Capital Partners

Treasurer & Director at Big Canyon Country Club

Managing Director at Fertitta Capital, Inc.

Owner at Cathey Lowe Consulting LLC

Former Secretary, Executive Vice President & General Counsel at The Irvine Co.

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Owners & Shareholders
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Formed in 2009, MidOcean Credit Partners specializes in alternative credit strategies including credit hedge funds, collateralized loan obligations (CLOs) and other customized credit strategies including separately managed accounts. MidOcean Credit Partners was formed to take advantage of ongoing investment opportunities across the credit markets. These opportunities result from pricing inefficiencies driven by regulatory as well as structural changes in the credit markets. The senior investment team, led by Steve Shenfeld, Michael Apfel, Jim Wiant and Bryan Dunn, has an average of 20 years experience in credit research, trading and investing in various credit strategies. MidOcean Credit Partners’ objective is to deliver superior risk-adjusted returns to its investors through its multiple complementary investment strategies, focused on the credit markets.

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Gratia Capital pursues a single-name, fundamental value and event-oriented strategy that focuses on both individual and thematic investment opportunities (long and short) in three main sectors: consumer & services, industrials, and real estate. The firm assesses relative value between equity and credit opportunities on a company-specific, subsector specific (among peer groups), and macro level to identify strong, risk-adjusted investments. They seek to invest opportunistically across the capital structure and may at times employ equity positions as a hedge to credit positions, or vice versa.Gratia looks for long position opportunities that they believe exhibit compelling characteristics that will lead to mark-to-market price appreciation and/or capital return (dividends, interest, etc.). In general, the firm expects to take long positions in companies that are perceived to have stable prospects and attractive, growing free cash flow yields and good valuation multiples. Gratia prefers shorts in businesses that are perceived to have weak or declining business prospects, or business prospects dwarfed by peers, with respect to which Gratia has taken a long position. They may make investments outside of these general criteria depending on valuation and other factors. Investments are primarily focused in the US, although Gratia will opportunistically invest in other developed markets. In non-U.S. markets, Gratia primarily trades equities, and to a limited extent, corporate credit. The most common non-US markets that Gratia trades in include: Canada, Australia, United Kingdom, France, and Germany. In normal market conditions, the firm targets equity-like returns and, will likely hold more gross equity exposure than gross credit exposure. However, as Gratia seeks to be opportunistic in their weighting of equity versus credit, the proportions could change. In addition, Gratia may borrow money to purchase securities on margin.

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Formed in 2009, MidOcean Credit Partners specializes in alternative credit strategies including credit hedge funds, collateralized loan obligations (CLOs) and other customized credit strategies including separately managed accounts. MidOcean Credit Partners was formed to take advantage of ongoing investment opportunities across the credit markets. These opportunities result from pricing inefficiencies driven by regulatory as well as structural changes in the credit markets. The senior investment team, led by Steve Shenfeld, Michael Apfel, Jim Wiant and Bryan Dunn, has an average of 20 years experience in credit research, trading and investing in various credit strategies. MidOcean Credit Partners’ objective is to deliver superior risk-adjusted returns to its investors through its multiple complementary investment strategies, focused on the credit markets.

Recent Transactions
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The New Home Co., Inc. purchases TNHC Tidelands LLC

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The New Home Co., Inc. issued USD Common Stock

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The New Home Co., Inc. issued USD Common Stock

Transaction Advisors
Underwriter

Advised onThe New Home Co., Inc. issued USD Common Stock

Underwriter

Advised onThe New Home Co., Inc. issued USD Common Stock

Underwriter

Advised onThe New Home Co., Inc. issued USD Common Stock

Counsel

Advised onThe New Home Co., Inc. issued USD Common Stock

Advisors & Consultants
Consultant

Co-Founder at The New Home Co., Inc.

Consultant

Manager at TNHC Partners LLC

Consultant

Manager at TNHC Partners LLC

Clients

The Irvine Co. LLC provides real estate services to residential and commercial customers. It provides housing, job and retail centers, schools, recreation, trails, parks, greenbelts and permanently preserved open spaces. The company was founded in 1864 and is headquartered in Newport Beach, CA.

Key Stats and Financials As of 2020
Market Capitalization
$111M
Total Enterprise Value
$228M
Earnings Per Share
$-1.76
Revenue
$507M
Net Profit
$-32.8M
EBITDA
$11M
EBITDAMargin
2.16%
Total Debt
$248M
Total Equity
$197M
Enterprise Value / Sales
0.45x
Enterprise Value EBITDAOperating
20.49x
TEVNet Income
-6.95x
Debt TEV
1.09x
Three Year Compounded Annual Growth Rate Of Revenue
-12.26%
Competitors
Toll Brothers, Inc. Engineering, Construction & Architecture - Horsham, Pennsylvania

At Toll Brothers, we build more than homes; we build communities. Trusted since 1967, we've been building communities in picturesque settings where luxury meets convenience, and where neighbors become lifelong friends. When you choose Toll Brothers, you choose our unwavering commitment to quality and customer service. We ranked #1 in 2011 and 2010 in Financial Soundness, Long-Term Investment, and Quality of Products/Services in FORTUNE magazine's annual World's Most Admired Companies survey in the home building category.* We are also honored to have won the three most coveted awards in the home building industry: America's Best Builder, National Builder of the Year, and the National Housing Quality Award. But our greatest reward comes from the recognition we receive from our homeowners. Each Toll Brothers home offers a combination of quality materials and superior design, where every detail is meticulously crafted, and every enhancement you select is seamlessly added to create a customized home that is uniquely yours. At Toll Brothers, we believe that preserving the natural environment is an integral part of creating a community you'll be proud to call home. That means everything from environmentally sensitive planning to energy-efficient home design. Nationwide, Toll Brothers partners with conservation groups that include the National Wildlife Federation and Audubon International. In addition, the homes we build are designed to harmonize with the scenic beauty of the surrounding landscape. We preserve as much open space as possible, incorporating and even restoring the existing hills, trees, and ponds. Our homes include numerous green features that help to minimize our impact on the environment. By going green with a new Toll Brothers home, you'll be saving money, making a difference, and maximizing your quality of life. Toll Brothers is currently building in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington. Toll Brothers is the nation's premier builder of luxury homes and is a publicly owned company whose stock is listed on the New York Stock Exchange (NYSE:TOL).

M/I Homes, Inc. Engineering, Construction & Architecture - Columbus, OH

M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers. The Financial Services segment offer mortgage banking services to homebuyers. The company was founded by Irving Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

Lennar Corporation Engineering, Construction & Architecture - Miami, FL

Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle – such as urban, golf course, Active Adult or suburban Communities.

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