Presidio Residential Capital and Cornerstone Communities have purchased 44 acres within Otay Ranch Village 2, a highly sought after master-planned community in San Diego County.
Presidio Residential Capital has hired Linda G.H. Prosi, a veteran real estate executive with deep experience in acquisitions, due diligence and portfolio administration
Meritage unveils 125-home community in Arvada, across from the Apex Center
Projects will add new housing to Issaquah and Sammamish
Presidio has lots of resources but is nimble enough to make quick decisions, which allows us to be opportunistic. Their willingness to put down 100 percent of capital, unleveraged, is huge. Not many partners are willing to do that, and it gives us a lot of flexibility. On the one hand, I couldn't recommend Presidio more highly. On the other hand, I want all their resources to myself. I'm kidding, of course, because the more successful they are, the more successful I'll be. That's their model.