Skip to content

CEO Money Podcast with Michael Yorba | Guest Scott Choppin

Social Media Artwork Template2 - 2020-02-16T220521.619

Scott Choppin is the founder of the Urban Pacific Group of Companies, a Long Beach, CA-based real estate development company, founded in 2000, that focuses exclusively on urban infill and affordable housing communities throughout California and the western US. Over the last 18 years, the company has developed nearly 1,700 units unique to market urban housing communities throughout the Western United States. Presently, Urban Pacific has created a new housing innovation called UTH, which provides middle-income multi­generational housing to urban families, while producing market superior yields on invested equity. Historically, Urban Pacific’s UTH projects have delivered 29% IRR yields on equity.

 

"We have in fact, I to me, I see this being a national story right the ever-changing marketplace in urban and I'll be very specific to urban marketplaces when I make the statement, but if you Look at the housing markets across United States urban housing markets. And look at the increase in rents and fore sale prices, lower folks on rents here, relative to moderate-income family incomes, which are basically flat and I think that's a well-known statistic, our product type really, it bridges the gap between this rising housing price and flat income area of the marketplace. In other words, middle-income families are being dropped ever further down the food chain and in housing markets, right. So they're having to get worse housing, or they're having to bring more folks into occupy a certain size unit or they're living further out. So our model basically gives these families the capability to live close in to town, which usually it's going to be closer to jobs, probably much more coherent with their social networks of kids in school, extended family. But we also make it affordable and coherent with their middle income and that's again 80- 120% of median income." -Scott Choppin

Subscribe to our regular newsletter and get exclusive access to our next investment opportunity.

Recent Posts

Economic Update | 7.1.2022

Economic Update | 7.1.22 Economic Data Updates: 6/27 to 7/1: STLFSI, NACM Credit Managers’ Index, weekly unemployment claims, and yield…

Read More...

Building Middle Income Multi-Generational Housing with Scott Choppin

Building Middle Income Multi-Generational Housing with Scott Choppin “Today Guest is Scott Choppin. He is the founder of the Urban…

Read More...

Rent Increases Up Sharply Year-Over-Year, Pace is Slowing

Rent Increases Up Sharply Year-Over-Year, Pace is Slowing “Welcome to the June 2022 Apartment List National Rent Report. Rent growth…

Read More...