UCP is a homebuilder and land developer with significant land acquisition and entitlement expertise in high barrier-to-entry West Coast and Southeastern U.S. markets characterized by attractive residential real estate fundamentals. We operate in regions that boast favorable demographic trends and positive economic indicators within Northern & Southern California, the Puget Sound area of Washington State, middle Tennessee, North Carolina’s Charlotte & Raleigh regions, and South Carolina’s famed Myrtle Beach market.
Our disciplined land investment approach, augmented by deep local market knowledge and relationships, has helped us acquire exceptional land and lots in our key growth markets. As a hybrid homebuilder and land developer, we are strategically positioned to build new homes on our lots or to sell our lots to third-party homebuilders. We build and market a diverse offering of innovative single-family homes through our home building arm, Benchmark Communities. Our impressive growth has been fueled by our proven management team that boasts more than 100 years of collective real estate experience.
In just over a decade, we have successfully established ourselves as a leading land developer and builder of high-quality, single-family homes in attractive West Coast and Southeastern U.S. markets. Our success is rooted in our "Everything Matters" business philosophy, which permeates all phases of our operations including land acquisition, development and our new home process, including planning, construction, sales and customer service. We believe our commitment to excellence, entrepreneurial spirit, long-standing business relationships, and strong reputation in our core markets provide us with a unique competitive advantage. A brief look at what we have accomplished since our inception in 2004 can be found below.
Our operations began in 2004 with the founding of Union Community Partners, LLC by Dustin L. Bogue, our President and chief Executive Officer. At that time we were principally focused on acquiring land, entitling and developing it for residential construction, and selling residential lots to third-party homebuilders.
In January 2008, we were acquired by PICO Holdings, Inc., a NASDAQ-listed, diversified holding company, which allowed us to accelerate the development of our business and gain access to significant capital to fund our pursuit of attractive opportunities resulting from the unprecedented real estate downturn.
We expanded into the South San Francisco Bay Area market and the Monterey market of Northern California, including the acquisition of East Garrison, a 1,400 lot master-planned community located in Monterey County.
In 2010, we formed Benchmark Communities, LLC, our wholly owned homebuilding subsidiary, to design, construct and sell high-quality, single-family homes.
On July 18, 2013 UCP’s management team, led by Dustin Bogue, rang the Opening Bell at the New York Stock Exchange (NYSE) in celebration of UCP’s initial public offering. The stock trades under ticker symbol UCP.
Our growth continues on many fronts. On the West Coast, we opened our third California division office located in Valencia. On the East Coast, we acquired the holdings of Citizens Homes. Through the purchase, we gained strong operational footholds in high-growth Southeastern U.S. markets including Charlotte, Raleigh, Myrtle Beach and Nashville.
Today, we are one of the West’s leading fully integrated real estate development and homebuilding companies with a growing presence in high-growth West Coast and Southeastern U.S. markets.
Our operations began in 2004 with the founding of Union Community Partners, LLC by Dustin L. Bogue, our President and Chief Executive Officer. At that time we were principally focused on acquiring land, entitling and developing it for residential construction, and selling residential lots to third-party homebuilders.