lafferty-communities Research by SuperAGI

Overview

Lafferty Communities is a private, family-owned real estate investment, development, and construction company headquartered at 5000 Executive Parkway, Suite 350, San Ramon, CA 94583. Established in 1984 by Rick Lafferty, the company is renowned for its commitment to crafting premier luxury homes across California, Utah, and Nevada. With a focus on single-family subdivisions and master plan developments, Lafferty has executed real estate transactions involving thousands of acres and residential units with values exceeding $1 billion.

Leadership

Rick Lafferty - Founder and CEO: With a degree in Business Management and Economics from California State University, Chico, Rick Lafferty is a seasoned real estate broker and general contractor. As CEO, Rick integrates quality craftsmanship with community-oriented projects, exemplifying robust family ethics and business acumen in the homebuilding industry.

Brittany Lafferty - Vice President of Sales and Marketing: As the daughter of Rick Lafferty, Brittany has ascended from entry-level to executive roles, bolstering the company's sales and marketing strategies while aligning with its core values. She skillfully balances her professional responsibilities alongside her role as an engaged mother.

David Ragland - President: Bringing over 30 years of experience in land development and new home building, particularly in Northern California, David Ragland plays a pivotal role in Lafferty's strategic expansion and operational success.

Additional key personnel include Jeri Graydon (Sales Manager), Ernie Westbrook (Project Superintendent), Nancy Purnama (Accounting/Payroll Manager), Jason Mattas (Superintendent), Timothy Merry (Assistant Superintendent), and Brian Meidinger (Senior Superintendent).

Company Operations

Market Focus: The company primarily develops homes in Northern and Southern California, Utah, and Nevada.

Company Size: Lafferty Communities employs over 30 full-time staff members, demonstrating a boutique approach to luxury homebuilding.

Revenue: The firm reportedly generates revenue of approximately $8 million with an average revenue per employee of $105,000. Despite maintaining consistent employment, it experienced zero percent growth in employee numbers last year.

Community Involvement

Lafferty Communities maintains a strong ethos of corporate social responsibility, participating in numerous initiatives:

Operation Cranberry Sauce: Annual participation in Crosswinds Church’s holiday food drive in Livermore.

Make-A-Wish Foundation: Support for initiatives enhancing community welfare.

Local Shelters: Contributions to women's and children's shelters.

Disaster Recovery: Contributed to rebuilding efforts following the 2017 Tubbs Fire in Santa Rosa, reconstructing over 80 homes.

Notable Projects

Tidal Marsh Development: Focused on preserving natural habitats in Marin County.

Educational Park Development: Developed a small park in San Jose, retaining historical stone walls.

Historic Home Reconstruction: Restored a historic home in Petaluma as part of a community development project.

Competitor Landscape

Lafferty Communities operates amidst a competitive real estate market with notable competitors:

1. Placer Title Company: Revenue of $98.6M with 526 employees.
2. OAKWOOD Escrow: Revenue of $0.5M with 6 employees.
3. SmartStop Asset Management: Revenue of $16.2M with 108 employees.
4. Additional competitors include Concord Realty, The Closing Exchange, Crown Realty, GreenTree Properties, Proxio, and Mynd.

Business Expansion and Strategy

With over 20 years in the housing market, Lafferty emphasizes land planning, innovative architecture, and cutting-edge construction techniques, underscoring a deep appreciation for homebuilding. The company's senior management has substantial experience in executing extensive real estate transactions, supporting ongoing business expansion along the West Coast.

Industry and Market Dynamics

Lafferty Communities is dedicated to sustainable and quality housing solutions. By leveraging existing market opportunities and embracing trends such as sustainable building practices, the company positions itself as a leader in real estate innovation and development.