HISTORY

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2022

We purchased a small SRO in the Hillcrest neighborhood in San Diego, CA for refurbishing. Sales were slower, selling two projects, one of our older Office projects in Utah and an Industrial project in Colorado.

2021

Acquired a Historical building in downtown San Diego, CA for refurbishing. We sold twelve projects this year with a combination of Industrial and Multi-Family projects. This was a record-breaking year with sales of over $135,000,000.

2020

Purchased a 171-unit Hotel for a conversion to Studios in San Gabriel, CA and a small Multi-Family project in San Diego, CA. Even with the unprecedented event of the Covid lock-down we still sold several of our projects this year.

2019

Acquired two Multi-Family projects in San Diego, CA. Sold eleven of our projects, a combo of Multi-Family and Industrial for a total of $118,925,000 in sales. Sales exceeded expectations and brought in good returns for our investors.

2018

Acquired over 1.45 million SF of industrial product in Denver and several small multi-family development projects in San Diego

2017

Acquired a retail center in Newport Beach with plans for mixed-use redevelopment, several multi-family projects in San Diego and Salt Lake City, and several industrial projects in Denver, Dallas and SoCal. Sales exceeded expectations and were very profitable for our investors.

2016

Acquired several small apartment projects in the San Diego area, together with several multi-tenant industrial parks in Phoenix and Dallas

2015

Acquisitions included a commercial asset in Denver, four industrial parks in Seattle, Denver and Phoenix, and a group of apartment buildings in the Northpark and Ocean Beach areas of San Diego

2014

Expansion continued in Salt Lake City with the purchase of a portfolio of apartment buildings totaling 438 units, three industrial parks in Phoenix and one office project in Southern California

2013

Five new Business parks were purchased in Utah, Colorado and Arizona. The Portfolio currently includes 2,040 apartment/condominiums units and 1,420,000 square feet of office/industrial over five states.

2012

Our focal point continues to be small multi-tenant industrial/office space adding over 270,000 square feet to the portfolio along with 218 apartment units. Sales exceeded $61,000,000.

2011

With the economy showing signs of improvement, our portfolio increased by 68 multifamily units and continued expansion in the multi-tenant industrial/office market by adding 71,500 square feet of space.

2010

As difficult times continued, we were able to complete two sales in 2010, no new properties were added to the portfolio.

2009

Despite a difficult year for commercial real estate, 315 apartment units were added to our portfolio, including 95 fully upgraded condominium units purchased from lenders in short sales.

2008

Focus on multifamily purchases added over 600 units in Salt Lake, Denver, Las Vegas and Southern California.  Continued expansion in multi-tenant industrial/office market in the Salt Lake area.

2007

Portfolio includes over 3,000 apartment units and 860,000 square feet of small office or industrial space over eight states.

2006

Further expansion into Salt Lake City with office and apartment acquisitions.

2005

1,489 apartment units added to our portfolio in markets including Phoenix, San Diego, Corpus Christi, and Salt Lake City. Property sales exceeded $95,000,000.

2004

Continued expansion into Nevada and Oklahoma, adding seven properties totaling $119,000,000. Sixteen portfolio properties sold distributing in excess of $73,000,000 to investors.

2003

Multifamily focus on purchases in Las Vegas and Oklahoma. Nine properties sold distributing $35,000,000 to investors.

2002

Total transactions exceed $126,000,000 with addition of 11 properties.

2001

Purchase and sale transactions exceed $70,000,000. Begin acquisition of apartments in Nevada. Portfolio value approaches $200,000,000.

2000

Completes a record year of acquisitions and sales, purchasing nine properties for over $43,000,000.

1998

Identifies Sacramento, California, as an emerging market and purchased 1300 units in 13 apartment communities. Also pursued over 1 million square feet of commercial properties in “lagging recovery” areas of Orange, Riverside and San Bernardino counties in southern California. Portfolio value exc

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1997

Focus shifts to California with purchase of 10 apartment communities totaling over 700 units in north San Diego County and inland to the City of Hemet, California. Portfolio value nears $60,000,000.

1994

Investment market expanded to include purchase of 10 commercial office buildings totaling over 750,000 square feet in Denver, Colorado.

1989

Initial formation of investment partnerships, eventually acquiring 15 existing properties in Salt Lake City, Utah, and converting 504 out of 954 apartments to condominiums.