Investing In Us

Our Markets

We consider projects for investment in areas where labor demand is anticipated to outdistance labor supply. Although some markets have experienced softened labor demand because of the technology bubble, it is our opinion that many sectors of the economy continue to grow, especially in areas where trained labor is available to meet the needs of the business community. We believe this will naturally lead to a migration of businesses to the lower priced yet higher trained and educated labor in the outlying areas.

Meer Capital Partners has recently invested in Sacramento, San Diego and the Inland Empire, because we believe these markets most closely match our business parameters for investing.

In recent years, San Diego has become a hotbed of development opportunities due to its close proximity to the Mexico-United States border and because of the high lifestyle desirability of its community and recreational offerings. Although this market may have overheated, we believe that it will settle out over time and inventories and demand will once again match and future opportunities in this marketplace will present themselves.

We have also had success in Sacramento where the market seems to be changing from an economy based upon the agricultural and government sectors to an economy, which now includes high tech, manufacturing and software services. We believe this market has recently gone through a major change with development pushing southeast, northwest and east of metropolitan downtown Sacramento. The Sacramento marketplace continues to sport large tracts of land, formerly agricultural lands converting to commercial or residential uses. Although this would seem to work against the value curve for this market, large portions of this land are still in control of a handful of wealthy families, and the land is not routinely released for development. We believe this trend will continue and we expect to see new development opportunities emerging within the next two years.

The Inland Empire is a very under utilized market due to so many existing unplanned developments. Most of the existing developments sprung up in little patches and many developers are now trying to create pockets of commerce, which will attract certain types of real estate users to an area where needed infrastructure is available. We believe the Inland Empire is underweight in quality housing, and therefore, many excellent opportunities to provide quality housing will continue to present themselves over the next few years. In order to take advantage of these opportunities, however, we need to assemble parcels, in some cases, or redevelop areas to maximize the development effort to provide quality real estate products at pricing consistent with those who are seeking homes, apartments and/or commercial facilities.

In addition to these strong markets, we continue to monitor other markets such as the Coachella Valley and the San Joaquin Valley in California, the Reno, Nevada area and parts of Arizona near the business centers. We believe these markets may present more long-term opportunities, but will ultimately be large, successful real estate markets in the future.