Real Estate / J.K. Dineen and Blanca Torres
McKinley Partners recently closed a $30 million fund to invest in housing developments throughout California and is now raising money for its next fund.
With its just-closed fund, the Oakland based firm bought enough land for 1,500 homes in cities such as Dublin, Livermore, Riverside and Santa Barbara. McKinley is also investing $15 million to acquire existing single-family homes.
"The residential market has stabilized in select markets throughout California and there is very little lot inventory in the best locations for builders two to three years out," said Gregor Watson, one of the firm's principals.