Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Mountain Real Estate Capital Expands Western Region OperationMountain brings 20-year industry veteran Lisa Albanez on board to lead West expansion
“Lisa has a solid reputation and is well known in our industry. She brings a wealth of knowledge and experience to our team,” said Peter Fioretti, Mountain’s chief executive officer. “We are very fortunate to add Lisa to our West Coast group to help us aggressively expand our presence in the market place. Lisa’s past leadership experience in placing equity and debt in homebuilding and development projects in the western U.S. for other major institutional investors will be invaluable to our business.” Albanez has over 20 years of experience in the industry and over the course of her career has been involved in residential projects totaling over 40,000 new homes with a retail value in excess of $10 billion, working with both private and public builders. “I’m excited about expanding Mountain’s opportunistic investment platform success in the Western region,” said Albanez. Mountain is focused on creating several new key relationships with best-in-class operators. “By utilizing creative, flexible deal structures, we can provide our builder/developer partners with the necessary capital to meet their goals and objectives.” With a $1 billion equity fund, Mountain is committed to being the premier capital provider for residential development in the nation and plans to provide a minimum of $50 to $100 million in equity to each of its operating partners. Mountain has an already proven track record with 11 significant builder/developer relationships across the country. Mountain Real Estate Capital is focused on three types of investments: • Partnerships with best-in-class homebuilders in primary and secondary markets across the country. • Joint ventures to acquire and develop broken master-planned communities and land developments • Portfolio recaps for real estate operators to restructure existing debt and equity positions, and to grow their company. About Mountain Real Estate Capital Mountain Real Estate Capital was founded in 1993 and is a leading private equity source for real estate developers, builders and operators seeking to enhance value in their existing projects and to take advantage of new opportunities. Headquartered in Charlotte, N.C., Mountain operates nationally with offices in Minneapolis, New York City, Baltimore, Denver, Los Angeles and San Diego. Since 2010, Mountain has invested nearly $400 million in residential projects located in 14 states, encompassing over 24,000 lots/homes. Developers/ End
Account Phone Number Disclaimer Report Abuse
|
|