TrueLane Homes, a leading company focused on affordable single-family rental homes, announced today that Taylor Carvajal, a senior real estate executive with extensive single-family rental and finance experience, has joined the company as Chief Operating Officer.
“I am thrilled to welcome Taylor to TrueLane Homes,” said Alan True, Founder and Chief Executive Officer. “With his wealth of experience in real estate investment and management, particularly in single-family residential, Taylor will lead TrueLane Homes’ efforts of expanding into new markets across the country to realize its vision: bringing professionally managed, quality, affordable rental housing to families that need it.” Mr. Carvajal will report to Mr. True, and be based in Newport Beach, California.
Since 2012, TrueLane Homes has been investing in select markets and professionally rehabilitating homes to increase the availability of affordable rental housing for working-class families. As Chief Operating Officer, Mr. Carvajal will have management responsibility over the company and the day-to-day operations of the business. In addition, he will work alongside Eric Kim, Chief Development Officer, to direct and assist finance and capital markets activity across TrueLane Homes’ affiliates and sponsored entities. Mr. Kim was recently promoted to the position and leads the company’s capital development, strategy and marketing efforts in driving overall business growth. “Taylor will be instrumental in our ongoing portfolio expansion efforts, and I am eager to partner with him and work closely in achieving our goals,” said Mr. Kim.
Prior to joining TrueLane Homes, Mr. Carvajal served as Chief Financial Officer of Single Family Residential at Amherst Holdings. He has also held senior finance positions at The Blackstone Group, Ares Management, Goldman Sachs and PricewaterhouseCoopers, where he was a Director in the firm’s Global Capital Markets Group.
Concurrent with his professional career, Mr. Carvajal served for ten years as an officer in the United States Navy and is the recipient of the Bronze Star for outstanding duty performance during combat operations in Iraq. In 2010, he was selected as the Navy Reserve Junior Military Intelligence Officer of the Year, and is the recipient of the Navy and Marine Corps Commendation and Iraq Campaign Medals. Mr. Carvajal received a B.S. cum laude from the University of Southern California and an M.S. from the University of Virginia.
ABOUT TRUELANE HOMES
TrueLane Homes has been investing in single-family rental homes and revitalizing communities since 2012. As a leading single-family rental investment and management company focusing on quality, affordability and customer service, TrueLane provides a resident experience to make tenants feel at home. The company currently owns over 1,000 homes across 11 select markets.
By exclusively concentrating on the working-class segment of the single-family rental industry, TrueLane Homes has made a lasting impact on tenants, communities and home values. TrueLane has consistently achieved institutional quality rehabilitation of major home components that would otherwise not have been performed, thereby significantly improving home value and positively impacting the neighborhoods and tenants’ quality of living.
TrueLane Homes has developed a comprehensive platform to efficiently acquire, renovate, lease and operate properties to exacting standards. The institutional management team has been enormously successful in pioneering the single-family rental home industry and has vast and in-depth experiences across the real estate and finance industries.