Estimating
Early-stage cost modeling, value engineering, and budget development – integrated with the development team from day one rather than priced after entitlement.
In-house general contracting.
New Course Builders is the enterprise's in-house general contracting subsidiary, embedded across the owned portfolio. By keeping construction within the enterprise, New Course captures margin and maintains quality control that no third-party arrangement can replicate.
Construction inside a platform.
Clients of New Course Builders engage more than a general contractor. They access a construction team that operates alongside an institutional development practice and an in-house capital arm, with seamless coordination across pre-construction, financing, and project delivery. The result is faster decision cycles, lower coordination cost, and a more efficiently delivered project – capabilities typically reserved for owner-builder relationships, extended here on a third-party basis.
New Course Enterprises' $4 billion development pipeline anchors New Course Builders' operating base, sustaining skilled crew retention, deep subcontractor relationships, and through-cycle delivery capacity. For our clients, this means engaging a contractor whose stability is not contingent on any single project or market window – a construction partner positioned to perform consistently across the full real estate cycle.
Capabilities
What New Course Builders delivers.
Early Coordination
Proactive engagement with key trade partners to ensure early alignment and project preparedness.
Project Controls
Real-time cost tracking, schedule management with early problem identification, and focus on safety – with the transparency from the ownership structure.
Platform Advantage
Leverage the integrated New Course Enterprises platform to enhance project pricing efficiency while strengthening risk control across capital, insurance, and development functions.
Featured work
Projects executed under New Course Builders.
Construction 
JW Marriott Residences, Mammoth
Phase I of Peak Mammoth's multi-phase luxury condominium development in Mammoth Lakes' North Village. I-956F approved Rural EB-5 project expected to be delivered in 2029.
Project profile
Construction 
The Ritz-Carlton Residences, Mammoth
Phase II of Peak Mammoth's multi-phase luxury condominium development in Mammoth Lakes' North Village. I-956F approved Rural EB-5 project expected to be delivered in 2030.
Project profile
Construction JW Marriott Mammoth Resort & Spa
Luxury hotel development in Mammoth Lakes' North Village. I-956F pending Rural EB-5 project expected to be delivered in 2029.
Project profileWhen general contracting is outsourced, incentives are often fragmented across parties, which can lead to gaps in execution control and risk alignment. By maintaining this capability in-house, the firm aligns incentives across the project lifecycle, strengthening accountability, coordination, and oversight in delivery.
– New Course Builders
President of Construction
Leadership rooted in general contracting.
Charting a new course from vision to execution and delivering expert general contracting services with precision, transparency, and accountability.
Across the platform
The other four subsidiaries.
- Visit subsidiary
New Course Development
Conducts institutional-scale ground-up development across mixed-use, residential, and student housing asset classes. Disciplined underwriting, complex entitlements, and full project lifecycle management from land acquisition through certificate of occupancy.
- Visit subsidiary
New Course Capital
Oversees the enterprise's third-party investment vehicles – including the New Course private credit fund – delivering risk-adjusted returns to limited partners while participating as the general partner in its own investment vehicles, aligning the firm's capital directly with that of its investors.
- Visit subsidiary
New Course EB-5
Combines Regional Center sponsorship with a vertically integrated development platform designed to enhance transparency, execution, and alignment for EB-5 investors.
- Visit subsidiary
New Course Insurance
Operates as the enterprise's captive insurance platform, enabling a more integrated approach to risk management across development and operational assets. By combining underwriting discipline with direct project-level visibility, the platform enhances risk alignment while retaining economic value typically transferred outside the enterprise.
Contact
Let's explore what's possible.
Whether you are a prospective LP, joint venture partner, or financing source, we welcome the conversation. New Course's team engages directly with qualified counterparties.
Investor Inquiries