Exploring the Power of Urban Townhouse Development - with Scott Choppin | TLS107

Scott Choppin is the CEO and Founder of The Urban Pacific Group of Companies, a Long Beach, CA-based real estate development company, founded in 2000, that focuses exclusively on workforce rental housing communities throughout California and the western US. Urban Pacific has created a new housing innovation called Urban Town House (UTH), which pairs private capital with middle income multi-generational rental housing, while producing market superior yields on invested equity. Historically, Urban Pacific’s UTH projects have delivered 22.66% programmatic IRR yields on equity.

With over 35 years in the development business, Scott is a leader in the field, and is a regular contributor to major media outlets throughout the nation. Scott has been published in Forbes Magazine, GlobeSt.com, Los Angeles Times, Builder Magazine, Affordable Housing Finance, Affordable Housing News, and most recently, the cover and feature article about the UTH housing model in Multi-Family Executive magazine. Scott and his wife Becky have been happily married and together for 27 years, and are raising their 3 kids in Long Beach, CA - Sean Patrick 19, Dylan 16, and Jenna 13. Scott and Becky’s three kids are the 4th generation of the Choppin family in Long Beach.

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WE DISCUSS:

• Where he started his 35-year real estate development journey.
• How he started his company, Urban Pacific, 21 years ago.
• What he learned in the 2000 era of real estate development.
• He talks about the design of urban town house projects.
• How they construct properties in-house, without using third-party companies. 
• What the deal structure, hold period and long-term game plan is in urban town house projects.
• His biggest win in his development journey.
• His best advice for someone starting real estate  development journey.

KEY QUOTE:

"Do joint ventures, work with others, reduce risk and increase knowledge acquisition."

"Complexity is the enemy of profits in the development cycle".

CONNECT WITH OUR GUEST:
www.UrbanPacific.com
choppin@urbanpacific.com

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