About Us

Our History

Meer Capital Partners, LLC is the creation of Ronald L. Meer the Founder, President and Chief Executive Officer of the Company. What began as a business of rehabilitating and repositioning tired residential communities is now a full service development and acquisition company. We pay attention to what the customer desires in a residence. We are committed to building quality residences and marketing them to the appropriate target customer group.

Our success, to date, has resulted directly from the rapid lease-up of the communities the Company has built or acquired at or the above market projected returns, in addition to building for sale housing in markets where housing demand is significantly higher than housing inventories. Meer Capital Partners was born out of the philosophical stance that a small number of architectural designs which support the needs of targeted residential groups can be duplicated in a number of similarly expanding markets. Meer Capital Partners strategically pursued projects in middle-markets which were repositioned and marketed toward more affluent residents; meeting the demand for additional property in the local market.

This strategy was very successful in the late 1980’s and early 1990’s until the number of available residential acquisitions were curtailed because of the appetite of the newly formed REIT’s. Meer Capital Partners then began to look at properties for potential development. The Company’s initials transition into the development process began with the involvement in acquisition projects which were already under construction or where the construction was completed, but the property was suffering from inadequate market penetration.

In 1999, Meer Capital Partners undertook the first ground up development project in the Company’s history. The project was in a master-planned community in the South San Diego area known as Chula Vista. The Otay Ranch project was a perfect fit for the Company’s business model of being in expanding markets. The Chula Vista area was experiencing growth with the build-up of the naval operations in San Diego, due to base closures in Los Angeles and Orange Counties and a new focus on Homeland Security. The Company opened the 168-unit project in early 2002 and the project reached full occupancy by the fall of 2002, at approximately 8% above pro forma rents.

In 2000, land was acquired for a project in the Sacramento market known as North Natomas. Westlake Villas, a 285 unit high end town home project, broke ground in mid-2002. This community was mapped for condominiums which created additional exit strategies for investors. In late 2004 in response to an overheated ‘for sale’ condominium market in Sacramento, the Company began to sell individual units as “for sale” housing achieving a sell out of the project in just 10 months.

The Company was approached in early 2001 by a land broker in the Inland Empire with a proposed land site that would give the Company a foothold in the community of Ontario, California. Today, the Company has approved plans for the construction of 311 residences of which 57 are detached homes with 154 attached homes. The site will also include 59,000 square feet of one and two story office buildings, commercial and retail space. Construction of the new master planned community of Latitude 34 will begin in mid 2008.

Meer Capital Partners continues to locate suitable properties for both development in emerging markets and for acquisition where repositioning opportunities are evolving. The Company’s goal is to locate and begin developments and/or acquire approximately four properties per year. Meer Capital Partners is now on track to have acquired or developed over $500,000,000 of properties by close of 2007, given the backlog and velocity of the project offers to the Company. It is anticipate that the next round of expanding technology, along with new opportunities created by a slow, steadily expanding economy, will easily fuel further growth of the Company.