AUSTIN, Texas–(BUSINESS WIRE)–The Resmark Companies, a leading private equity real estate firm, is expanding its single-family housing investment platform into the Texas housing market led by Michael Zarola, Senior Vice President, Investments for Resmark Land and Housing.
“It’s exciting to play a role in the tremendous growth story of Texas, where the state’s dynamic employer base continues to drive demand for new homes”
Zarola, operating from Resmark’s newly established office in Austin, will originate and oversee investments in for-sale, single-family housing joint venture developments in Austin, Dallas/Ft. Worth, Houston and San Antonio. In addition to Texas, Resmark’s new office will also cover the Colorado and Utah markets.
Resmark currently has two single-family housing joint venture developments underway in Texas. The projects are located in Austin, with both scheduled to begin construction and sales in 2018.
“It’s exciting to play a role in the tremendous growth story of Texas, where the state’s dynamic employer base continues to drive demand for new homes,” Zarola comments. He notes that the state’s four major markets, targeted by Resmark, have a lot in common with other leading job-creation hubs where the firm invests, such as Seattle, the San Francisco Bay Area and Silicon Valley, Denver and Salt Lake City.
Resmark partners with regional and/or local developers and homebuilders who have strong roots in a community and understand its market, execute on time and on budget, and deliver a finished product that meets buyer expectations for quality.
Both of Resmark’s current Texas investments are joint ventures with Austin homebuilder and developer Homes by Avi.
Zarola is no stranger to Texas, having previously originated and managed real estate investments for TriPacific Capital Advisors, which included the Dallas/Ft. Worth market. He joined Resmark in 2012 and expanded its single-family investment territories to include the Pacific Northwest, Arizona, Nevada and Utah.
To date, Resmark has invested more than $3 billion of equity to develop approximately 30,000 single family and multifamily residences in the United States since 1995.
About The Resmark Companies
Founded in 1995, Resmark is a fully integrated real estate investment group. The Resmark Companies’ divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Impact Ventures—finance, acquire, develop and manage real estate in California, the Western United States, Texas, the D.C./Mid-Atlantic region, and other select major metropolitan markets nationwide. To date Resmark has participated in more than 215 investments encompassing approximately 30,000 single-family and multifamily residential units and has committed approximately $3 billion of capital. Headquartered in Los Angeles, Resmark also maintains offices in San Diego and Irvine, California, Austin, Texas, and McLean, Virginia. For additional information, please visit Resmark.com.