Transactions Dedicating Over $200 Million in California, Washington, Arizona and Nevada in 2015
Presidio Residential Capital showed strong existence in major markets in 2015, funding 33 brand-new residential jobs completing approximately $200 million in dedicated capital located in California, Washington, Nevada and Arizona.
"2015 was another effective year for Presidio," stated Paul Lucatuorto, co-principal at Presidio Residential. Presidio's partners are among the outright finest within their local markets and their performance therefore far has proven that.
The private equity fund has current commitments of more than $500 million in joint-venture equity to residential homebuilders. As of December 31, 2015, Presidio has dedicated an extra $50 million to alternative entitlement tasks for 2016.
Presidio's approach of working hand-in-hand with local builders/developers and its personal approach to business in a relaxed, congenial culture has been among the keys to the company's success.
"In a market that needs fast choices to be made, it is extremely important that you do not waste time in translation," stated UreKretowicz, CEO/chairman of the board at Cornerstone Communities. "You have to have a partner that comprehends the vocabulary, the significant offer points, and the importance of dedications that you can depend on. This is the foundation that reliability and integrity is developed on, which is what we have with Presidio.".