BCP was formed in 2012 calling upon a number of Ron Meer’s past professional associates in anticipation of the bottom of the market and an end to the destruction of values in Residential Real Estate.  Ron’s predecessor firm, like many of other real estate firms, left the market in 2008 given the lack of available project capital and a very unstable real estate market for residential properties.  “Although we had seen this cycle previously, there was no question that this was the worst reversal of real estate asset values in the residential marketplace I had ever experienced in my professional career.”  Ron remarked. “Real Estate firms are very expensive to operate because of the professional expertise that must be available at all times and they have an almost insatiable appetite for new opportunities.  During the past 5 years there just hasn’t been the deal flow we or our competitors needed to sustain a full service real estate organization.  We therefore took the lead of many of our larger competitors and took a few years off and pursued other opportunities with the FHA/HUD with respect to distressed mortgages.”

The facts are now clear as the recent leading indicators show a very positive trend both in the availability of private capital and the emergence of deal flow.  Whether the business results from property owners looking to put their bare land into development or seeking professionals re-positioning or rehabilitation services, most professional in our industry are now convinced it is the right time to take maximum advantage of the asset value creation curve that is currently beginning to emerge and take hold.

Already the Company has found traction in the Sacramento and Las Vegas markets with both acquisition rehab/re-position projects in Sacramento and new acquisition and construction opportunities in Las Vegas area.  These opportunities and resultant success are a direct result of the Company’s superior research capabilities and the ability to finance such projects.  It is clear that the Company’s success formula addressed in the ‘Introduction’ is again alive and well.

The Company is headquartered in Newport Beach, California.