Terra Bella Investments:
Your Trusted Partner in Professional Real Estate Property Investment
Historic Opportunity for Undervalued Properties
The S&L crisis of 1986-1995, coupled with the aftermath of the 1992 Los Angeles Riots and the 1994 Northridge earthquake, resulted in a dire situation, causing a third of America’s savings and loan associations to collapse. The US Department of Housing and Urban Development (HUD) had to reorganize, leading to the sale of most of its multi-family properties. This presented Terra Bella with a historic opportunity to acquire undervalued properties, renovate them, and prepare them for sale or enhanced rental units. Aware of the risks posed by disasters, the Balasuriya family recognized the importance of maintaining high standards in their real estate portfolio and thus established their property management and construction companies. By handling these critical functions internally, Terra Bella avoids the pitfalls of overcharging and overbuilding associated with external construction firms, ensuring the success of their investments.
Success with National and International Projects
In 1999 when the second generation assumed control, Terra Bella companies took full advantage of large-scale commercial opportunities, including land subdivision development in Mesa, Arizona; ground-up condominium construction in Fresno and in Chandler, Arizona; and a mixed-use hotel project in Palm Springs. Among Terra Bella’s many projects in the years 1999-2007 was a full-service, 202-room hotel in Fort Mill, South Carolina. Additionally, Terra Bella was active in residential bulk real estate fix-and-flips and ground-up 8,000-0,000 sq ft custom home builds.
In the early 2000s, in order to further reduce construction costs for its many projects, Terra Bella Investments CEO Tony Balasuriya went to China to source materials directly from manufacturers. Relationships with Chinese suppliers saved Terra Bella 40 percent on construction materials. From 2001 to 2007, Terra Bella maintained a working office in China.
In 2002, Dubai was in the midst of a real estate boom and a surge of development. Tony was hired as a consultant by Dubai investors who were unable to get their projects off the ground without his expertise. Terra Bella established an office in Dubai to consult with investors on construction management and to provide materials from Terra Bella’s suppliers in China.
Current Focus on a Major Housing Need
Recognizing housing challenges in Australia, Terra Bella identifies opportunities in the state’s housing market, providing innovative, affordable solutions. According to the Real Estate Institute of Victoria, the rental market is already extraordinarily competitive, with a meager vacancy rate of 1.5%. Terra Bella is well-positioned to bring innovative, affordable, multi-family housing solutions to this market.
Oversight of the Investment Process from Start to Finish
Strong partnerships with a lending company and architectural, engineering, and design firm ensure comprehensive oversight of the investment process.
With lending, acquisition, design, construction, and property management expertise under one roof, investors can have confidence in Terra Bella’s comprehensive approach. Conservative Investment Strategies for Long-Term Success.
Terra Bella Investments prioritizes long-term success over risky gains, emphasizing conservative and sustainable investment practices. Discover the Expertise of Terra Bella Investments Today.
With a proven track record and decades of experience, Terra Bella Investments is your reliable partner in professional property management services. Whether you seek to maximize returns or find innovative housing solutions, contact us to explore the opportunities available to you.