Newport Beach, CA (December 2, 2014) — Recognizing the opportunity to build on its success arranging equity and debt for residential home builders and land developers, Land Advisors Capital of California, a real estate capital advisory firm with offices in Newport Beach and the San Francisco Bay Area, has rebranded as Landmark Capital Advisors to reflect their expanded focus on both commercial real estate and residential land.
David Kidder has joined Landmark Capital as managing director to lead the company’s expansion into the commercial sector. He brings more than 15 years of commercial real estate experience across all major asset classes, with an emphasis on structuring equity and debt for middle market real estate operators. Prior to joining Landmark Capital Advisors, he worked for ACRE Capital, a subsidiary of Ares Commercial Real Estate, a publicly-traded specialty finance REIT listed on the New York Stock Exchange. His experience also includes roles with Appian Capital and HG Capital, both principal joint venture equity investors, as well as Knightsbridge Realty Capital and Julien J. Studley.
Land Advisors Capital of California was founded in 2011 by Steve Sims and Adam Deermount to provide debt and equity capital advisory services to residential developers, investors, and homebuilders. The company has closed more than $200 million dollars in transactions since inception and now sees a broader opportunity to provide their capital advisory services to the commercial sector, including office, industrial, retail, and multifamily asset classes.
“David’s experience across the entire capital structure, and more specifically, with sub-institutional joint venture equity in the $2 million to $10 million range, provides a great complement to the focus Steve and I implemented with our homebuilder and land developer clients,” said Adam Deermount, Managing Director of Landmark Capital.
Kidder added, “Given the changing regulatory landscape of private placement offerings, combined with the success Steve and Adam have had raising equity from difficult-to-access private and family office investors, expanding the foundation into the commercial sector presents a tremendous opportunity.”
Landmark Capital clients also benefit from their affiliation with Land Advisors Organization (LAO), a national brokerage and research company with market coverage across 22 offices and more than $22 billion in closed transactions.
“Their breadth of relationships, local market expertise, and expanding research capacity will become a vital component of our advisory and investment platform,” said Kidder on their relationship with LAO. “Integrating equity, research, and technology will provide a meaningful impact for our clients and our shareholders.”
About: Landmark Capital, a real estate capital advisory firm disciplined in finance and private equity, works with owners, investors, and developers of commercial real estate and residential land. Since inception in 2011, the company has raised more than $200 million of real estate capital through institutional, private, and family office investors.