Residential Real Estate Veteran Joins Mana Investments
CARLSBAD, Calif. – October 08, 2014 – Mana Investments, an alternative investment firm focused on the real estate sector, has brought in C. Blair Pruett as an investment partner. With more than 15 years of experience in the residential asset class, Pruett is responsible for sourcing, structuring and entitling assets for Mana Investments.
“We’re thrilled to have a professional of Blair’s caliber as part of the firm,” said Orville Power, managing partner for Mana Investments. “Blair and I have always worked well together, I trust his investment acumen and I look forward to continuing to build our pipeline of opportunistic investments.”
Pruett is also the founder and principal of Northstar Pacific Partners, which provides independent third-party evaluation and management of distressed real estate assets for companies such as Bank of America, Citibank, JP Morgan Chase and Wells Fargo. In previous roles, he was division president for Cadence Homes of Southern California, managed staff and daily operations as division manager and vice president of land acquisition for Trumark Pacific Homes, and procured land and originated the land strategy for Ryland Homes Southern California division.
“Orville and I have collaborated over the past couple of years on several opportunities, and it was time to do so under the same flag,” Pruett said. “I’m looking forward to working alongside Orville; we grew up in the business together, and we complement each other well. It’s a good mix and there’s a lot of mutual respect.”
Pruett has already completed four acquisitions as an Investment Partner with Mana and is actively seeking more. “I look forward to sourcing more opportunities where my relationships and experience will be helpful in creating value,” he said.
With a focus on value-add investments across multiple asset classes throughout the Western United States, Mana Investments underwrites based on on MSA-level economics and neighborhood “livability,” specifically seeking land-constrained areas and infill development opportunities. Our flexible capital allows for creative solutions on investments presenting significant value.
About Mana Investments
Mana Investments, Inc. is an entrepreneurial alternative investment firm focused on the real estate sector. Backed by a single-source institutional partner, Mana Investment’s programmatic platform allows the firm to leverage its capital relationship by functioning as a venture partner with local experts. Established in 2012, Mana Investments acquired more than 2,700 lots with a total home sales value of almost $1.4 billion in just two years. www.manainv.com