Our goal at Resmark is to protect the financial interests of our investors, to effectively manage risk, to maximize their investment returns and serve as a reliable, consistent capital source for our selected builder/developer partners. By holding true to this mission, we have earned a reputation as the preferred partner when it comes to managing institutional capital for residential investment.
CalPERS
The California Public Employees’ Retirement System (“CalPERS”) is the nation’s largest public pension fund and the third largest in the world with assets totaling approximately $200 billion as of June 30, 2006. CalPERS’ highest returning investment category over the last ten years is its Single Family Housing Program. The program has earned more than 20 percent annually since its inception in September 1992 while building 58,000 homes in California and across the nation. 477 communities have been built by CalPERS, and more than 82 per-cent of homes were constructed to target first and second time homebuyers. CalPERS committed $375 million in 1992 to residential development in the midst of California’s recessionary cycle to supplement the shortage of financing for California homebuilders. CalPERS’ initial commitment has grown to over $6 billion today.
The Price Group LLC
The Price Group is engaged in securities and real estate investments. The company is affiliated with Mr. Sol Price, who was the founder of Fedmart and Price Club (merged with Costco in 1993). He has been known as a pioneer of the ‘warehouse store’ retail model. He is responsible for injecting money and aiding the renaissance being experienced in a San Diego midcity neighborhood City Heights. The Price Group owns a substantial share of stock in PriceSmart. PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Central America, the Caribbean and Asia. PriceSmart now operates 23 warehouse clubs in 12 countries and one U.S. territory.
