Resmark, a Leading Private Equity Real Estate Investor, Enters Texas Housing Market with Focus on 4 Major Metro Areas – Aus...
March 05 2018 - 3:36PM
Business Wire
The Resmark Companies, a leading private equity real estate
firm, is expanding its single-family housing investment platform
into the Texas housing market led by Michael Zarola, Senior Vice
President, Investments for Resmark Land and Housing.
Zarola, operating from Resmark’s newly established office in
Austin, will originate and oversee investments in for-sale,
single-family housing joint venture developments in Austin,
Dallas/Ft. Worth, Houston and San Antonio. In addition to Texas,
Resmark’s new office will also cover the Colorado and Utah
markets.
Resmark currently has two single-family housing joint venture
developments underway in Texas. The projects are located in Austin,
with both scheduled to begin construction and sales in 2018.
“It’s exciting to play a role in the tremendous growth story of
Texas, where the state’s dynamic employer base continues to drive
demand for new homes,” Zarola comments. He notes that the state’s
four major markets, targeted by Resmark, have a lot in common with
other leading job-creation hubs where the firm invests, such as
Seattle, the San Francisco Bay Area and Silicon Valley, Denver and
Salt Lake City.
Resmark partners with regional and/or local developers and
homebuilders who have strong roots in a community and understand
its market, execute on time and on budget, and deliver a finished
product that meets buyer expectations for quality.
Both of Resmark’s current Texas investments are joint ventures
with Austin homebuilder and developer Homes by Avi.
Zarola is no stranger to Texas, having previously originated and
managed real estate investments for TriPacific Capital Advisors,
which included the Dallas/Ft. Worth market. He joined Resmark in
2012 and expanded its single-family investment territories to
include the Pacific Northwest, Arizona, Nevada and Utah.
To date, Resmark has invested more than $3 billion of equity to
develop approximately 30,000 single family and multifamily
residences in the United States since 1995.
About The Resmark
Companies
Founded in 1995, Resmark is a fully integrated real estate
investment group. The Resmark Companies’ divisions—Resmark Land and
Housing, Resmark Apartment Living and Resmark Impact
Ventures—finance, acquire, develop and manage real estate in
California, the Western United States, Texas, the D.C./Mid-Atlantic
region, and other select major metropolitan markets nationwide. To
date Resmark has participated in more than 215 investments
encompassing approximately 30,000 single-family and multifamily
residential units and has committed approximately $3 billion of
capital. Headquartered in Los Angeles, Resmark also maintains
offices in San Diego and Irvine, California, Austin, Texas, and
McLean, Virginia. For additional information, please visit
Resmark.com.
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For The Resmark CompaniesBarbara S. Casey(310)
636-1888bcasey@caseysayre.com