SAN DIEGO – Presidio Residential Capital showed a resilient investment presence in major Western U.S. markets in 2018, funding 16 new residential projects totaling 845 homes.
“Key to our success is our dedication and commitment to our long-term relationships with our joint venture partners,” said Don Faye, principal at Presidio Residential Capital.
“Our ultimate goal is to offer quality homes for interested buyers located throughout the Western United States”, he added.
In 2018, Presidio and its building partners sold 1,078 homes and closed just over 1,300 units throughout the joint ventures’ real estate portfolio.
Since the company’s inception, Presidio Residential Capital has infused more than US$1 billion into the residential real estate market to capitalize the housing industry. In 2019, the firm’s goal is to fund an additional US$50 million in joint venture equity to residential homebuilders with projects located in the Western United States.
Presidio currently has investments located in California, Nevada, Arizona, Colorado, Idaho and Washington totaling just over 6,500 homes that are for sale, under construction or in the process of entitlement or development.
Source: Globe Newswire