GDC Communities
Encyclopedia
GDC Communities is a private real estate investment and land developer based in the United States which originated from Genstar to facilitate US projects.
In 2000, Genstar formed GDC Communities to pursue new opportunities in the US, allowing Genstar to focus exclusively on the Canadian market. Today, both companies continue to operate independently but remain under common management out of the San Diego corporate office.
Over the years, GDC Communities fine-tuned Genstar's proven, disciplined approach to the U.S. market. GDC Communities formed partnerships with builders and developers on select assets to purchase, entitle, develop and build out residential communities. All told, GDC Communities and its affiliates have completed over 60 communities in Canada and the U.S.
. Genstar Corporation was later acquired by Imasco Limited in 1986, and only retained Genstar Development Company which was the Canadian land development entity of Genstar Corporation.
In 1994, realizing the growth and land development opportunities in the United States, Genstar Development Company (Canada) and Genstar Land Company (USA) relocated the Corporate Office from Vancouver
, Canada to San Diego, California
.
GDC Communities was formed when senior management bought the company from British American Tobacco
(BAT) taking the company private. GDC Communities operates under two initiatives: it owns Genstar Development Company
and directs the development of the Canadian master planned communities, and secondly, it provides the foundation for the US investments and operations.
In 2000, Genstar formed GDC Communities to pursue new opportunities in the US, allowing Genstar to focus exclusively on the Canadian market. Today, both companies continue to operate independently but remain under common management out of the San Diego corporate office.
Over the years, GDC Communities fine-tuned Genstar's proven, disciplined approach to the U.S. market. GDC Communities formed partnerships with builders and developers on select assets to purchase, entitle, develop and build out residential communities. All told, GDC Communities and its affiliates have completed over 60 communities in Canada and the U.S.
History
The company’s origins date back to 1950 as BACM Industries founded by the Simkin Family. In 1970, the company first expanded into the United States. BACM Industries was sold in 1973 to Genstar Corporation and was renamed Genstar Development CompanyGenstar Development Company
Genstar Development Company is a real estate development company that creates master planned communities throughout Canada. Genstar has a history dating back over 50 years developing thousands of acres into some of the most recognized communities across Canada. Today, Genstar has active...
. Genstar Corporation was later acquired by Imasco Limited in 1986, and only retained Genstar Development Company which was the Canadian land development entity of Genstar Corporation.
In 1994, realizing the growth and land development opportunities in the United States, Genstar Development Company (Canada) and Genstar Land Company (USA) relocated the Corporate Office from Vancouver
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...
, Canada to San Diego, California
San Diego, California
San Diego is the eighth-largest city in the United States and second-largest city in California. The city is located on the coast of the Pacific Ocean in Southern California, immediately adjacent to the Mexican border. The birthplace of California, San Diego is known for its mild year-round...
.
GDC Communities was formed when senior management bought the company from British American Tobacco
British American Tobacco
British American Tobacco p.l.c. is a global tobacco company headquartered in London, United Kingdom. It is the world’s second largest quoted tobacco company by global market share , with a leading position in more than 50 countries and a presence in more than 180 countries...
(BAT) taking the company private. GDC Communities operates under two initiatives: it owns Genstar Development Company
Genstar Development Company
Genstar Development Company is a real estate development company that creates master planned communities throughout Canada. Genstar has a history dating back over 50 years developing thousands of acres into some of the most recognized communities across Canada. Today, Genstar has active...
and directs the development of the Canadian master planned communities, and secondly, it provides the foundation for the US investments and operations.