Mark Phillips
Manhattan Beach, CA (USA)
Role(s):
Founder/Owner/Principal
Phillips Development Group
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Startup
Location:
Manhattan Beach
Industry:
Real Estate
Year Founded:
2000
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
The company obtains and entitles infill residential development sites in Los Angeles and other areas of Southern California. We believe there is a one to three year window of opportunity in the apartment market where a development team and its investor partners can take advantage of the low interest rates, low construction costs and relatively low land costs to develop some 25 to 100 unit projects on infill locations. We seek non-institutional, sophisticated equity development partners who believe that developing and owning Los Angeles area apartments for a longer term hold will be an attractive investment opportunity.