TOMMY BEADEL
FOUNDER/CO-CHAIRMAN
THOMAS JAMES HOMES
WHY: In 2006, started company that specializes in tearing down homes in older West Coast neighborhoods and building new ones, selling them from $3M-$7M. Often has 500 homes in production. Has raised $45M over time, according to PitchBook. Oaktree Capital made significant investment in 2018. Filed prospectus in 2021, reporting $291M in sales with $16M EBITDA in 1H of 2021; didn’t go public.
NOTABLE: Carries $1B+ in for-sale value on its balance sheet at any time.
QUOTABLE: Sees expansion into markets like Anaheim, saying, “The housing stock there is nearly 80 years old in some neighborhoods. We see demand to maximize the utilization of the land and sell homes closer to $2 million.”
