SAN DIEGO—With a goal of funding over $50million in residential real estate over the next year,Pathfinder Partners LLC, has launched a newinvestment platform to acquire and reposition luxury homes.
According to Mitch Siegler, Pathfinder's seniormanaging director and co-founder, his firm has tested the newplatform over the last nine months and together with localoperating partners, acquired six upscale homes inprime southern California neighborhoods, including RanchoPalos Verdes, Bel Air, Rolling Hills, Westwood,Pacific Palisades and the HollywoodHills.
“We have received significant capital commitments exclusivelytargeted toward luxury homes which will supplement capitalallocated from Pathfinder's existing OpportunityFunds, and plan to invest $50 million to acquire andrenovate luxury homes in 2014-2015,” he said.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
