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Company Overview |
Timber Ridge Homes, headquartered in Hauppauge, New York, designs and builds beautiful homes with floor plans and features that reflect the discriminating home owner’s unique needs and wants. The privately owned company has a long-standing tradition of developing beautiful communities on Long Island, NY and beyond. Timber Ridge Homes, founded by Klein & Eversoll, Inc., was originally established on Long Island in1976. They have built over 1,700 quality homes throughout the greater Long Island area. Today, Timber Ridge is operated by three managing partners that collectively offer over 65 years of homebuilding experience. Visit our Partner Profiles to review each of the managing partners' individual profiles. Consulting and Assessment Services
Working primarily with capital providers who have provided financing to real estate projects that have been foreclosed upon, The EPH Group works at the local level to assess OREO assets and determine “as is” and “highest and best use” values. These valuations are prepared based on detailed loan file reviews, site inspections, extensive local market intelligence, zoning and entitlement evaluations, construction requirements with detailed cost estimates, and research-based financial modeling of expected internal rates of return for various project alternatives. These assessments, packaged in detailed business plans by project initiative, support the owning organizations in liquidate versus hold-and-complete decisions. For owners of real estate portfolios with multiple and/or diverse assets, The EPH Group plays a vital role in evaluating projects within or across markets to support competing capital allocation decisions.. Real Estate Management Services
For projects that are determined to be viable, The EPH Group provides full-service asset management from pre-construction (development) through construction and sales. The EPH Group taps into extensive networks of local and regional real estate resources to quickly mobilize local market teams that work as contractors to complete projects to their highest and best use. Specifically, The EPH Group will oversee and manage the local market team as well as provide oversight for project budgeting, take offs and bidding procedures. Ultimately, The EPH Group takes responsibility for managing field construction by scheduling, supervising and completing projects on time and on budget. Because the highest and best use for a project is that which is best positioned to meet targeted consumer groups at effective price points, The EPH Group articulates each project’s unique selling position and positively augments it through a community marketing strategy which typically includes presenting the site utilizing appropriate models, decorations, landscaping, entrance signage and sales office layouts. The EPH Group hires, trains, and manages local sales personnel as well as develops advertising and promotion strategies that ensure revenue is realized consistent with the projected timetable for capital recovery. Unique Qualifications
The principals of The EPH Group collectively have more than 70 years experience evaluating, improving and managing residential and commercial real estate across the country. As true operators who have managed the construction and sale of thousands of units, the team is uniquely qualified to provide the full spectrum of real estate management services. For more information regarding The EPH Group, please visit: |
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