Trumark Homes purchases 183 finished lots at Mandalay Bay in Oxnard, CA. April 14, 2026 Trumark Homes - Breakwater at Northshore - Aerial Site Map Image Trumark Homes, the award-winning Western U.S. homebuilder, announced today that it purchased 183 single-family homesites at Mandalay Bay, a master-planned community adjacent to Mandalay State Beach in Oxnard, California. Breakwater at Northshore in Ventura County will expand the company's footprint in the region while marking its return to Oxnard, a highly desirable coastal California city. "Breakwater at Northshore at Mandalay Bay presents an incredible opportunity to build modern single-family homes offering stunning views and beachfront living in a prime area of coastal California", said Josh Peterson, Central California Division President at Trumark Homes. "Building on our legacy in the city, we are excited to be adding much-needed housing to Oxnard for a variety of homebuyers looking to live in this one-of-a-kind coastal community." Trumark Homes' Breakwater at Northshore community will include 183 single-family homes across two distinct neighborhoods, Tide and Drift. With 5,000- and 6,000-square-foot lots, the eight available floorplans range from 2,614 to 3,948 square feet and feature open living areas, options to include offices, lofts, elevators and outdoor entertaining areas, plus rooftop decks to capitalize on ocean and mountain views. Model construction will begin in May, with sales beginning late 2026. Pricing and specific home details will be announced at that time. Mandalay Bay is a 90-acre, 292-home master-planned community set to include multiple parks and gathering spaces, a public bike and walking path along the Edison Canal, and more than 15 acres designated as environmentally protected open space. Residents will enjoy direct access to Mandalay State Beach, as well as Oxnard's growing mix of shops, restaurants, entertainment options and marinas. Ideally located between prime business centers and recreational destinations in Ventura, Los Angeles and Santa Barbara counties, residents can take advantage of all the region has to offer from a beachfront home base. Oxnard is also known as "The Strawberry Capital of the World" for its delicious crop, prominently featured during the annual California Strawberry Festival at the Ventura County Fairgrounds each spring. "Oxnard is a wonderful community for families, empty-nesters and anyone seeking a coastal lifestyle and the endless outdoor activities a prime location like Breakwater at Northshore provides," added Peterson. "This is a once-in-a-lifetime opportunity to purchase a new single-family home in a beach community, and we look forward to showing homebuyers what Trumark Homes has to offer." Trumark Homes has several Central Coast California communities including Layia and Villosa at Sea Haven on the Monterey Bay and Islay and Estero at Avila Ranch in San Luis Obispo. With an upcoming community, Morada at Vinedo in Paso Robles. To learn more about Breakwater at Northshore and join the interest list, please visit https://livetru.trumarkhomes.com/breakwater-at-northshore/. About Trumark Homes With 38 years of trusted experience and recognition as 2019 Developer of the Year by Builder and Developer and 2018 Builder of the Year by Professional Builder, the Trumark Group of Companies is a diversified real estate developer and builder that includes: Trumark Communities, a master-planned community developer; Trumark Homes, a next-generation homebuilder; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. In 2020, Trumark Homes entered into an agreement with Japan-based Daiwa House Industry Co., Ltd., who acquired a majority interest in Trumark, providing resources for accelerating the growth of the company. In 2023, co-founders Michael Maples and Gregg Nelson were inducted into the California Homebuilding Foundation's Hall of Fame, a recognition bestowed upon homebuilding professionals who have exemplified the Foundation's mission of forging a bright future for the next generation of homebuilders. https://trumarkhomes.com

California's Trumark Homes acquires Sumner homebuilder JK Monarch. * john stearns * mar 20, 2026 updated 5 hrs ago. San Ramon, California-based Trumark Homes announced today that it is expanding into the Pacific Northwest with the acquisition of Sumner-based homebuilder JK Monarch, which has built communities in Bonney Lake, Enumclaw, Gig Harbor, Lakewood, Puyallup, and Tacoma, as well as the Tri-Cities. Terms were not released. The deal for JK Monarch - founded in 2011 by CEO Jonathan Bartels - marks a strategic addition for Trumark and increases its footprint in the Western United States, according to a news release. With the acquisition of JK Monarch, Trumark's new Washington Division joins divisions in Northern, Central, and Southern California, and Colorado. Trumark Homes' revenues have exceeded $1 billion each of the past two years. "We have targeted expansion into the Pacific Northwest for years, and with this acquisition of JK Monarch we can capitalize on the strength of this market," Gregg Nelson, co-founder and co-CEO of Trumark Cos., said in the release. Trumark Cos., founded in 1988, is a diversified real-estate developer and builder that includes Trumark Communities, a master-planned community developer; Trumark Homes, a homebuilder; Trumark Commercial, which builds, leases, and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. In 2020, Trumark Homes entered into an agreement with Japan-based Daiwa House Industry Co. Ltd., which acquired a majority interest in Trumark, providing resources for accelerating company growth. Michael Maples, co-founder and co-CEO of Trumark Cos., added, "Our strategic growth into the Washington market is an important milestone for Trumark Homes, both historically and as a nod to where our company is headed. By combining our operational infrastructure and resources with JK Monarch's deep market knowledge and regional relationships, we aim to become one of the top homebuilders in the region." Trumark Homes has been instrumental in the development of more than 4,000 homes since it began operations in 2008, according to its website. Professional Builder Magazine named Trumark Cos. Builder of the Year in 2018 and Developer of the Year in 2019. The Master Builders Association of Pierce County named JK Monarch as Homebuilder of the Year in 2020, 2021, and 2025, according to the homebuilder's website. It also won the association's Custom Homebuilder of the Year in 2022. The Home Builders Association of Tri-Cities awarded it Best Entertaining Home and Best Primary Bath, both in the 2023 Parade of Homes. "This is a very exciting time for our company and our team as we join the Trumark Homes family," Bartels said in a statement. "What attracted me to Trumark Homes was the leadership, company values and culture, commitment to excellence and dedication to customer satisfaction. I am excited about the opportunity this provides our team members and trade partners." Trumark Homes anticipates bringing the broader JK Monarch team into the organization as part of the transition, saying JK's leadership team will be integral to establishing Trumark's Washington Division and guiding its continued success. Bartels will serve in an advisory role during the transition. JTW Advisors served as exclusive financial adviser to JK Monarch on the acquisition. With the vision of Trumark founders Maples and Nelson, and the financial support of Daiwa House, Trumark Homes has grown from a private California homebuilder with two divisions into a regional homebuilder with five divisions, serving homebuyers from the Pacific Ocean to the Rockies, and now the Pacific Northwest. M&A milestones over the past five years include formation of the Colorado Division in 2021, the acquisition of Central California homebuilder Wathen Castanos Homes in 2023, and the acquisition of Icon Lending in 2024.

Trumark Homes enters Pacific Northwest with acquisition of JK Monarch. The acquisition adds a fifth operating division to the California-based, Daiwa house-backed builder. March 20, 2026 Trumark Homes, the No. 67 company on the 2025 Builder 100 list, has expanded into the Pacific Northwest with the acquisition of Washington-based builder JK Monarch. The acquisition adds a Washington division for Trumark, joining existing teams in Northern, Central, and Southern California and Colorado. "We have targeted expansion into the Pacific Northwest for years, and with this acquisition of JK Monarch we can capitalize on the strength of this market," said Gregg Nelson, co-founder and co-CEO of Trumark Companies. Co-founder and co-CEO Michael Maples said Trumark's expansion into Washington is "an important milestone" for Trumark and a signal of where the San Ramon, California-based builder is headed. "By combining our operational infrastructure and resources with JK Monarch's deep market knowledge and regional relationships, we aim to become one of the top home builders in the region," Maples said. Founded in 2011 by Jonathan Bartels, JK Monarch is a private company with communities across the Puget Sound and Tri-Cities area with active developments in Puyallup, Tacoma, Gig Harbor, Bonney Lake, Lakewood, and Enumclaw in Washington. "This is a very exciting time for our company and our team as we join the Trumark Homes family," Bartels said. "What attracted me to Trumark Homes was leadership, company values and culture, commitment to excellence, and dedication to customer satisfaction." Trumark said Bartels will serve in an advisory role during the transition process and the company anticipates bringing the broader JK Monarch team into the organization as part of the transition. JTW Advisors served as the exclusive financial advisor to JK Monarch on the acquisition. The JK Monarch acquisition marks another milestone during a period of significant growth for Trumark Homes dating back to 2020. The builder has partnered with Japanese company Daiwa House, started a greenfield operation in Colorado, acquired central California-based Wathen Castanos Homes, and acquired Icon Lending. Since 2020, the builder has achieved a compounded annual growth rate exceeding 60%. The company has also surpassed 1,000 in annual closings and achieved $1 billion in revenue annually over the past two years. In a conversation with BUILDER in November 2025, Nelson highlighted that M&A will continue to play a significant role in Trumark's strategic operations and the builder is targeting a doubling of revenue by 2027, surpassing $2 billion. "M&A is going to continue to be an important part of our growth plan," Nelson told BUILDER. "With M&A efforts and the opportunities that we see in the western states, we think our revenue number could easily double again. We do plan on being a significant player in the western United States and contribute to the overall growth of Daiwa House's group of companies within the United States." The Daiwa House Group's U.S. portfolio consists of regional hubs: Stanley Martin Homes (No. 21 on the Builder 100) in the east, Texas-based CastleRock Communities (No. 49 on the Builder 100) and Trumark Homes in the west. Daiwa House has targeted supplying 10,000 single-family housing units across its U.S. operations by 2026.