David Blom, Vice President/Partner for Tellus Group, LLC., has broad experience that encompasses both financial and development aspects of land development, with an emphasis on single-family development. He began his career with RepublicBank in Texas, which led to real estate foreclosures and asset turnaround activities, which included the rehab and eventual sale of retail shopping centers and office buildings.
David then joined a private development company in Dallas in 1990, where he served as V.P. – Finance and then President, presiding over all aspects of the entitlement, development and sale of over 4,000 lots in the Metroplex. David subsequently joined an institutional pension fund advisor, managing and underwriting large scale projects with a wide range of developers and builders from Washington D.C. to Florida, with financial commitments totaling over $300 million.
David joined Forest City Enterprises in 2007, establishing the Texas Land Division and underwriting and acquiring a portfolio of twelve (12) projects in three (3) of the major markets in Texas, with a build-out value of over $400 million. Responsibilities included underwriting analysis, loan sourcing and negotiation, municipal entitlements and builder relationships.
David joined Terra Verde during 2012 to manage all aspects of the development and sale of lots and land in the 2,000-acre master-planned community Windsong Ranch, located in Prosper, Texas, which was acquired from Forest City.