Company Description:
Founded in 1992 by Ron Zeff, Carmel Partners is a vertically-integrated real estate investor/operator with in-house research, acquisition, development, construction, capital markets, leasing and management capabilities. Headquartered in San Francisco, with offices in Irvine, Denver, Seattle, Washington, D. C. and Honolulu, the Company possesses a unique combination of attributes that distinguishes it from small local real estate operators, as well as large institutional investors and capital allocators. Carmel Partners believes that its strong vertically integrated structure provides it with superior market knowledge, increased credibility and an enhanced reputation for transaction execution, enabling it to out-maneuver both smaller, non-institutional and larger, institutional investors. In addition, the Company benefits from an entrepreneurial orientation, grounded by senior management's experience and oversight, where well-informed decisions based on market knowledge and investment expertise result in efficient execution and operations. Based on its track record of success, Carmel Partners has proven itself to be particularly adept at exploiting market inefficiencies and recognizing value enhancing opportunities that are not readily available or apparent to its competitors. In November 2003, Carmel Partners closed its first investment fund consisting of $215 million in equity. In June 2005, Carmel Partners closed Investment Fund II consisting of $400 million in equity. Carmel Partners investment funds are discretionary, value-added funds concentrating on the acquisitions and repositioning of multi-family assets. Since its inception, the Company has acquired or developed multifamily investments consisting of 41 properties, with a total of 12,542 units. The Company's successful track record is attributable in large part to the broad range of capabilities of its employees. Since 1992, Carmel Partners has steadily added highly qualified personnel to its organization. Carmel Partners is a fully staffed real estate operating company with the expertise required to implement all of its investment objectives.
Founded in 1992 by Ron Zeff, Carmel Partners is a vertically-integrated real estate investor/operator with in-house research, acquisition, development, construction, capital markets, leasing and management capabilities. Headquartered in San Francisco, with offices in Irvine, Denver, Seattle, Washington, D. C. and Honolulu, the Company possesses a unique combination of attributes that distinguishes it from small local real estate operators, as well as large institutional investors and capital allocators. Carmel Partners believes that its strong vertically integrated structure provides it with superior market knowledge, increased credibility and an enhanced reputation for transaction execution, enabling it to out-maneuver both smaller, non-institutional and larger, institutional investors. In addition, the Company benefits from an entrepreneurial orientation, grounded by senior management's experience and oversight, where well-informed decisions based on market knowledge and investment expertise result in efficient execution and operations. Based on its track record of success, Carmel Partners has proven itself to be particularly adept at exploiting market inefficiencies and recognizing value enhancing opportunities that are not readily available or apparent to its competitors. In November 2003, Carmel Partners closed its first investment fund consisting of $215 million in equity. In June 2005, Carmel Partners closed Investment Fund II consisting of $400 million in equity. Carmel Partners investment funds are discretionary, value-added funds concentrating on the acquisitions and repositioning of multi-family assets. Since its inception, the Company has acquired or developed multifamily investments consisting of 41 properties, with a total of 12,542 units. The Company's successful track record is attributable in large part to the broad range of capabilities of its employees. Since 1992, Carmel Partners has steadily added highly qualified personnel to its organization. Carmel Partners is a fully staffed real estate operating company with the expertise required to implement all of its investment objectives.