Mountain Real Estate Capital has opened an office in San Diego and has hired Lisa Albanez as managing director to lead its expansion effort in the western region of the US.
Mountain’s focus in the west will be in both primary and secondary markets throughout southern and northern California as well as the Las Vegas, Phoenix and Seattle markets.
“Lisa has a solid reputation and is well known in our industry. She brings a wealth of knowledge and experience to our team,” says 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 US 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 totalling over 40,000 new homes with a retail value in excess of USD10bn, working with both private and public builders.
“I’m excited about expanding Mountain’s opportunistic investment platform success in the Western region,” says Albanez.
With a USD1bn equity fund, Mountain aims to be the premier capital provider for residential development in the nation. Mountain has provided in excess of USD40m of capital to each of its larger operators.