Presidio Development Partners, LLC.
A Real Estate Investment and Development Company

CalSmart Value Added Land Fund

Project Description: Land fund formed with Calpers/RREEF focused on land development opportunities in California.
Challenge: To source and develop land in both urban and emerging growth markets in California during a time of explosive growth.
Results: Evaluated hundreds of potential land development opportunities; determined that none of the deals had appropriate risk/reward ratios, so no funds were invested. Land market collapsed so the discipline exercised in not making any investments was prudent.
Details: Commencement Date: June 2006. Completion Date: Sept. 2008. Current Status: Closed.
Total Value: $50 million of equity committed.