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Entrepreneurial MBA with over twenty year track record of successful leadership in real estate. Expertise in all aspects of land acquisition, homebuilding and land development, including start up and wind down of business operations.* Strategic Thinker
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PresidentAlcasa, Inc. 2010 - PresentProvide entitlement and development services for clients who want to protect and maximize the potential of their land. -
PresidentFieldstone Community Development, Llc 2007 - 2010Provided overall strategic, financial and operating direction for the land company including the acquisition, entitlement, development and disposition of master-planned communities throughout southern California. Direct P&L responsibility.* Set objectives, drove earnings, oversaw all aspects of strategic and business planning. Coached and developed team. * Maintained strategic relationships with joint venture partners, capital providers and banks. Presented quarterly board… Show more Provided overall strategic, financial and operating direction for the land company including the acquisition, entitlement, development and disposition of master-planned communities throughout southern California. Direct P&L responsibility.* Set objectives, drove earnings, oversaw all aspects of strategic and business planning. Coached and developed team. * Maintained strategic relationships with joint venture partners, capital providers and banks. Presented quarterly board updates.* Managed disposition of Sycamore Creek commercial center. Generated $12 million net profit.Wound down three operating divisions, representing the interests of all creditors (banks, equity partners, subcontractors, vendors and homeowners). * Managed cash and disposition of all assets. Reduced indebtedness by $155 million using only $8 million cash. Disposed of over 1,400 lots throughout southern California. * Negotiated settlements, directed defense for litigation matters. Reached consensual settlements with 161 creditors. Avoided bankruptcy and potential adverse actions by creditors. * Established and funded warranty company to provide warranty service for over 4,000 homes.Identified new sources of capital and revenues for go-forward operating divisions.* Identified potential joint venture partners, capital providers and banks.* Led interdepartmental team exploring new areas of business for down cycle. Developed strategic approach, determined key opportunities, prepared marketing materials, initiated customer contacts. Identified largest receiver/trustee client. Generated $530,000 revenue. Show less
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PresidentFieldstone Homes Southern California - Northern Counties, Inc. 2005 - 2007Accountable for all aspects of start-up homebuilding division including strategic and business planning, land acquisition, entitlement, product development, land development, onsite construction, sales and marketing, hiring and leadership development. Direct P&L responsibility.* Founded new division for Los Angeles, Ventura and Kern Counties. Met first year closing goal of 100 units. Controlled sufficient land to grow division to meet target of 500 closings per year by 2008.*… Show more Accountable for all aspects of start-up homebuilding division including strategic and business planning, land acquisition, entitlement, product development, land development, onsite construction, sales and marketing, hiring and leadership development. Direct P&L responsibility.* Founded new division for Los Angeles, Ventura and Kern Counties. Met first year closing goal of 100 units. Controlled sufficient land to grow division to meet target of 500 closings per year by 2008.* Hired team which peaked at 42 people, leased office space, and coordinated tenant improvements. Made difficult recommendation to close division when market conditions warranted.* Acquired the Rosedale master-planned community in Azusa, California. Identified over $120 million in additional revenues which translated directly to highest offer. Show less
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Director Of Land AcquisitionFieldstone Communities, Inc. 2002 - 2005Oversaw land acquisition for land and homebuilding divisions, including identifying opportunities, crafting offers, coordination of due diligence team, negotiation of purchase and sale agreements, formation of joint ventures, escrow, appraisal and close of escrow.* Acquired the Sycamore Creek master-planned community; Successfully bid against 27 other firms for 40 lot redevelopment site in Cypress through identification of the City's key drivers. Negotiated close of escrow at final… Show more Oversaw land acquisition for land and homebuilding divisions, including identifying opportunities, crafting offers, coordination of due diligence team, negotiation of purchase and sale agreements, formation of joint ventures, escrow, appraisal and close of escrow.* Acquired the Sycamore Creek master-planned community; Successfully bid against 27 other firms for 40 lot redevelopment site in Cypress through identification of the City's key drivers. Negotiated close of escrow at final map.* Acquired and entitled over 800 lots in City of Corona, including property in tax default. Restructured debt through City agreement to forgive $1.6 million in back taxes and penalties and issue new CFD.* Negotiated numerous development agreements and school mitigation agreements. Show less
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Project ManagerFieldstone Communities, Inc. 1998 - 2002Accountable for the success of assigned subdivisions through effective management of all project components. Direct P&L responsibility.* Managed interdisciplinary teams, both internal and external in land acquisition, entitlements, product design, DRE processing, land development, onsite production, sales and marketing, pricing, escrow management and business planning.* Identified new category of potential home buyers, implemented successful advertising strategy and replaced… Show more Accountable for the success of assigned subdivisions through effective management of all project components. Direct P&L responsibility.* Managed interdisciplinary teams, both internal and external in land acquisition, entitlements, product design, DRE processing, land development, onsite production, sales and marketing, pricing, escrow management and business planning.* Identified new category of potential home buyers, implemented successful advertising strategy and replaced sales staff. Turned around project from (0.4) sales per week to over 3.0 per week. Resulting sales velocity permitted immediate price increases of over 10% in a flat market. Show less
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Senior ConsultantE & Y Kenneth Leventhal Real Estate Group 1997 - 1998
Jo Faris Skills
Jo Faris Education Details
Frequently Asked Questions about Jo Faris
What company does Jo Faris work for?
Jo Faris works for Alcasa, Inc.
What is Jo Faris's role at the current company?
Jo Faris's current role is President at Alcasa, Inc..
What is Jo Faris's email address?
Jo Faris's email address is jo****@****grp.com
What schools did Jo Faris attend?
Jo Faris attended University Of California, Irvine - The Paul Merage School Of Business, Claremont Mckenna College.
What skills is Jo Faris known for?
Jo Faris has skills like Entitlements, Land Development, Finance, Project Management, Land Acquisition, Disposition, Business Strategy, Brokerage, Investment Properties, Land Use, Residential Homes, Due Diligence.
Who are Jo Faris's colleagues?
Jo Faris's colleagues are Caamir Cabdi Cali, Lowis Rafael Velasquez Luiggi, Lucio Perez, Cuauhtemoc Cardenas, Salvador Albaladejo, Azbel Mallqui Bustillos, Rafael Torrealba.
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