The Founder of Fruition Communities

Joel Farkas founded Fruition Communities, a vertically integrated real estate, energy, infrastructure, and resource development company based in Denver, Colorado. While development activities have been conducted through various independent investment entities such as partnerships and limited liability companies, Mr. Farkas, Fruition Communities and various investment entities have been continuously active in exploration & production in the oil and gas industry, development of residential & mixed-use master planned communities, regional retail shopping centers, mobile home park operation and development, water rights acquisitions, water delivery to oil & gas drilling operations and regional municipal utility systems since 1984.

With more than 38 years in real estate, energy and water resources, Mr. Farkas has sponsored the acquisition of, entitled and invested in land for more than 48,500 residential home sites in master planned communities consisting of 16,000 multi-family sites, 1,200 acres of commercial property, and more than 32,500 single family home sites. Retail development has encompassed 1,120,000 square feet in several Southern California locations. Idaho and Tennessee. Mr. Farkas has developed a significant presence in southwestern US markets (California, Colorado, Nevada, and Arizona) with attractive demographics and relationships with more than 50 national public home builders, apartment developers and regional land developers.

While Mr. Farkas has a long and successful record of conventional real estate investment and development, he also has adjudicated significant water and wastewater infrastructure transactions to serve more than 24,000 residential units and has sold water to various Colorado municipal providers including the Town of Castle Rock, Commerce City (South Adams Water & Sanitation District) and the City of Brighton. In a partnership with Tallgrass Water, a division of Tallgrass Energy, a publicly traded mid-stream company, Mr. Farkas has delivered and sold Frac Water to DJ Basin centered Oil & Gas companies engaged in drilling and completion operations.

Our companies understand that government often cannot provide the necessary resources and infrastructure given tight capital budgets, increased demands for current consumption, and the challenge of raising taxes.  This presents an opportunity to create value by re-entitling properties, providing public necessities, such as water and wastewater services, and restructuring existing municipal debt. Within the Colorado community, Mr. Farkas has served on more than 25 Metropolitan District boards.

Current water activities are expanding to provide renewable water to Denver, Colorado’s suburbs, many of which are rapidly depleting their non-renewable well water supplies. In addition to supplying the Fruition master planned community described below, Fruition is working with the City of Brighton, the Town of Lochbuie and Keenesburg to supply, treat and replace diminishing water supplies.

In selected utility districts, Fruition Communities will develop non-renewable water supplies, facilities to recapture “gray water” and storage to augment peaking demands and assist with drought protection.  Fruition’s water development does not depend on future growth; rather, water activities not only provide water resources to new real estate developments and the energy industry, but also contribute to augmenting and stabilizing depleting municipal supplies for existing residents.