LSSREF Landco Special Situations Real Estate Fund

LSSREF

LANDCO invests through direct investment vehicles and LSSREF, Landco Special Situations Real Estate Fund.

Target opportunities include special situations where financial restructuring and/or asset repositioning is required with a minimum $5mm investment capital. Shorter holding periods are typical for the investment strategy. Geography includes urban/suburban markets in the western and southwestern United States. Asset classes including office, retail, land and multifamily residential.

What makes us different? The answer is twofold; First, we focus on individual opportunities, not broad categories; and secondly, we do comprehensive research on all every deal we choose to undertake in advance.

 

A Team for Today’s Market

A company of experienced specialists in real estate, finance and management uncovering opportunities in distressed real estate and assets backed by real estate and commodity interests.

These opportunities include bank REO, foreclosures and short sales, forced liquidations, workouts, recapitalizations and restructurings, impaired mortgages and non-performing loans.

 

Our Team

 

Mark D. Lester, CEO and Founding Principal

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President, Principal, graduated from the University of Santa Clara in 1983 with a Bachelors of Science in Commerce. Immediately following graduation, Mark went to work with CDM corporation located in Northern California where he participated in construction, management and development of apartment and retail real estate projects. Beginning in 1988, he worked for Norris Beggs and Simpson, a west coast real estate lending and leasing company specializing in office and industrial product.

Beginning in 1992, Mark committed his full time to a real estate company that became known as American Union where he focused on acquisitions of apartments in Texas. As president of AU, Mark helped the company grow by assisting with the identification and acquisition of several property management companies to a point of 7,000 apartment units and 10,000,000 square feet of leased commercial space. Mr. Lester remained with the company and retained an equity position until its sale in 1997.

In 1998, Mark co-founded LANDCO with a group of private investors for acquisition of land assets. LANDCO redirected its focus to income producing property in 2002 with an emphasis on multifamily. Mark currently participates on the investment committee where he, along with the firm’s principals, participates in evaluating CMBS, whole loan, and direct real estate investment opportunities.

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Gary A. Beason, Executive VP, CFO & Principal

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Mr. Beason has in excess of 30 years real estate experience with approximately 20 years home building experience with a top 50 home builder.

Gary is a seasoned financial and accounting executive with large company real estate development and home building experience, capital market fund raising, SEC reporting experience, successful tenure as an entrepreneur, and a big-four public accounting background.

Prior to his association with LANDCO, Gary served as chief financial officer for The CorkyMcMillin Companies where he reported directly to the chairman. There he resided on the Company’s executive committee and information systems executive committee. Additionally, Gary supervised the corporate finance, treasury and accounting and control functions with approximately 100 personnel.

Gary holds an MBA and is a certified public accountant (CPA).

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David Rosenbaum, Principal

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A real estate professional since 1976, Mr. Rosenbaum has held executive positions in several growth-oriented companies in the San Francisco Bay Area, among them Plaza Pacific Equities, Diablo Lakes Development Corp., Intrust, Senior Equity Resources, and Lynch Investments. His responsibilities have encompassed property management, asset management, acquisitions and sales, construction and development, finance, corporate administration and planning. He has particular expertise in the multi-family housing market, with special concentration in finance, valuation, asset management and marketing.

During the course of his career, Mr. Rosenbaum has acquired, sold, financed and/or managed nearly 12,000 apartment units, over 500,000 square feet of retail space, and more than 500,000 square feet of commercial space. In addition, he has been instrumental in developing and building residential condos, garden office buildings, single family homes, and 860 acres for residential subdivision. Four times in his career, Mr. Rosenbaum has helped implement 10-fold growth in the companies he has joined. Today, he is a LANDCO Principal – designing and executing real estate investment opportunities with the company. Mr. Rosenbaum received a Bachelor’s degree from the University of Illinois at Urbana in 1972 (English Literature) and a Master’s degree from the University of California at Berkeley in 1976.

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