Description: 3 office buildings, fully leased 5.5 acres "off market and distressed."
Founded in 2010, LandCap started as a real estate investment firm focused on distressed land & redevelopment mixed use assets. Since its founding the firm has made 19 acquisitions to date & has successfully exited multiple projects providing significant investor returns through a proactive value-add approach including entitlement, re-entitlement & development. Today, LandCap continues to invest along its opportunistic focus & has expanded into investing & managing income properties including: In-fill residential, mixed-use, commercial & retail.
PROACTIVE VALUE-CREATION: LandCap believes that at this stage in the real estate cycle it is mandatory that a manager create value rather than rely on market growth. LandCap has a dedicated investment and shareholder value creation strategy focusing on real estate fundamentals and a diverse set of value-add opportunities. Through investing across our three verticals we provide a unique combination of stable cash flow, downside protection, and potential for capital appreciation.
Founder
CEO
Chair of Investment Committee
Shinckley@LandCapIP.com
Over 40 years of experience in the real estate industry as an entrepreneur, corporate lender, mortgage banker, private equity and private investor.
Previously:
* Senior Managing Director of KeyBank Private Equity Group, investing over $400 million of equity and mezzanine capital with a total project value of $3 billion.
* Founded Centre Trust Advisors / CTA Capital Partners, primarily focused on housing sector investments.
* Founder of two mortgage banking firms. C Level management experience.
Founder
COO
Member of Investment Committee
Jholbrook@LandCapIP.com
Over 35 years of experience in real estate as an investor, developer, and builder.
Previously:
* Founded Jeffrey Homes, which entitled, developed and built nearly 1,000 housing units.
* As COO & CFO, Jeff grew the company to over $50 million in annual revenues with projects ranging from commercial office, senior community centers, and numerous housing types ranging from single customs to large residential subdivisions.
Asset Management
Property Management
Construction Management
Administration
CEO Privately Held Company & Investor
Legal Counsel
Investor
CEO of Financial Planning Company
Local market assessment & presence
Competitive property analysis
Trend analysis
Reputation for closing
Strong industry relationships
Financial analysis
Extensive 3rd party evaluation
Creation of business plan
IPC approval
Deal & financial structure
Negotiations
Closing
Project management
Construction management
Asset management
Property management
California has become one of the most expensive cost of living states in the nation and the economic and political environment has been driving both businesses and families out to the surrounding states.
We believe there is a significant opportunity to provide affordable housing options in California as well as take advantage of the population and job inflows experienced by the surrounding states.
San Diego, California
Aquired: 2013
Description: 3 office buildings, fully leased 5.5 acres "off market and distressed."
Business Plan: Re-entitled for highest & best use, 312 multifamily & 7 live/work units.
Status: SOLD 2017
Sparks, Nevada
Aquired: 2016
Description: 240-unit multifamily rental, 2007 vintage "off market."
Business Plan: Value-add renovation and increased rents, moved NOI to above $1,000,000 in 18 months.
Status: SOLD 2018
Reno, Nevada
Aquired: 2016
Description: 103 rented condo units "off market."
Business Plan: Renovate and sell units.
Status: Closed in 2019
Sparks, Nevada
Aquired: 2015
Description: The Prater land assemblage totals approximately 20 acres and is an assemblage of 4 sites. LCIP owns one of ...
Business Plan: The Project Business Plan includes multiple uses and is intended to be a mixed-use residential development, ...
Status: SOLD in 2017
Sparks, Nevada
Aquired: 2012
Description: 4.25 acres plus parking structure "off market and distressed."
Business Plan: Entitled 2015, 209-unit luxury rental multifamily 5-story wrap / structured parking garage.
Status: Completed and Stabilized, Held For Long Term Investment
Corona, California
Aquired: 2011
Description: Distressed 21 acres raw land "off market."
Business Plan: Re-entitle from industrial use to 150 single family lots.
Status: SOLD 2014
Sparks, Nevada
Aquired: 2015
Description: 3 Story, 110,000 Square-foot former casino building “off market and distressed”
Business Plan: Entitled 2016 for Mixed Used Retail / Commercial Ground Floor Retail 2nd/3rd Floor Office.
Status: Sold 2017 to become The Sparks Event Center
Sparks, Nevada
Aquired: 2015
Description: Distressed 6 story, 208-unit hotel redevelopment to 100 apartment units "off market."
Business Plan: Entitled and re-developed 100 rental apartment units, completed 2016.
Status: Held For Long Term Investment
Sparks, Nevada
Aquired: 2013
Description: 2.5 acres improved land, "off-market."
Business Plan: Entitled for a 66-Unit Luxury Apartment Development.
Status: Tentative Construction to Start 2021
Sparks, Nevada
Aquired: 2013
Description: Distressed 20 acres of unimproved land, two 10-acre sites "off market."
Business Plan: Entitled in 2014 for a 620-unit multifamily development.
Status: SOLD 2016
Elk Grove, California
Aquired: 2015
Description: Distressed 20 acres "off market."
Business Plan: Re-entitled from 142 SFR lots to 324 multifamily units, 2-story walk-up.
Status: SOLD 2016
Reno, Nevada
Aquired: 2015
Description: Distressed 20 acres "off market."
Business Plan: Re-entitled from 98 SFR lots to 312 multifamily units two story walk-up.
Status: SOLD 2016
Corona, California
Aquired: 2012
Description: Distressed 8.6 acres raw land "off market.
Business Plan: Entitled in 2016, 148-unit townhome community.
Status: Sale Completed / Sold Our End Of Year 2020
Sparks, Nevada
Aquired: 2013
Description: Distressed 24,850 square-foot existing mixed-use 3-story building "off market" featuring Sparks Water Bar.
Business Plan: Reposition and re-tenant 100% leased.
Status: Held For Long Term Investment
Reno, Nevada
Aquired: 2017
Description: 94-unit multifamily rental plus 10,000 sq. ft mixed-use, 7 story buildings "off market."
Business Plan: Complete commercial rent-up/ stabilization, 1,700 square-feet of vacant ground floor to lease.
Status: Held For Long Term Investment
Reno, Nevada
Aquired: 2017
Description: 32 acre “distressed” infill site.
Business Plan: In a Joint Venture to entitle & develop 115 single family lots and 283 apartment homes.
Status: Presold SF lots to public builder, started construction of apartment homes for long-term hold.
Sparks, Nevada
Aquired: 2015 "Off Market"
Description: 32 acre "distressed" infill site.
Business Plan: In planning to develop 154 affordable market rate apartment units.
Status: Entitlements in place to start project in 2021.
Reno, Nevada
Aquired: 2022
Description: 9.3 Acres of land zoned currently for MF-14
Business Plan: Re-entitle and develop land for 59 small lot Single Family Lots
Status: Tentative Map Process Started, Development projected to start Nov. 2021
Sun valley, Nevada
Aquired: 2021
Description: 55.15 acres on East side city next to Spanish Springs. Has approved TM for 216 lots.
Business Plan: Continue to develop site into approved lots. Sell a portion of the lots and retain the ...
Status: Fine tune Tentative map, start development in Nov. 2021
CORPORATE HEADQUARTERS
Orange County CA
31103 Rancho Viejo Road, Suite D3099
San Juan Capistrano, CA 92675
CALIFORNIA REGIONAL OFFICE
Carlsbad CA
5055 Avenida Encinas, Suite 100
Carlsbad, CA 92008
NEVADA REGIONAL OFFICE
Reno / Sparks NV
325 Harbour Cove, Suite 219
Sparks, NV 89434
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LANDCAP INVESTMENT PARTNERS
31103 RANCHO VIEJO ROAD, SUITE D3099, SAN JUAN CAPISTRANO, CA 92675
Phone: 949 348-1104, Fax: 949 481-6403
info@LandCapIP.com
www.LandCapIP.com
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