Paul Lucatuorto, an institutional land investment expert with more than 25 years of experience, has joined San Diego-based Presidio Residential Capital as a principal.
Lucatuorto comes to Presidio from Irvine-based TriPacific Capital Advisors, where he was a principal and a member of the board of managers.
Previously, Lucatuorto was vice president of Prudential Real Estate Investors and an adviser to the California Public Employees’ Retirement System, the nation’s largest pension fund. He had also been a project manager for Home Capital Corp. the real estate arm of HomeFed Bank.
In his new role at Presidio, Lucatuorto will join founder Don Faye in seeking out and managing residential investments on behalf of Presidio’s capital partner.
“After 25 years of managing institutional capital, I’m very excited to be associated with a private equity group that allows us to be more opportunistic in today’s expanding real estate market,” Lucatuorto said.
Presidio Residential Capital is a real estate investment company focused on the residential housing sector that provides both levered and non-levered equity and non-recourse construction financing for for-sale residential focused development opportunities throughout the Western United States.
Presidio has infused more than $250 million into the economy to capitalize housing development and construction. The firm's goal is to fund in excess of $500 million in debt and equity for home building projects in the Western United States, and currently has investments in California, Hawaii, Texas, Idaho and Washington. The firm has more than $2 billion in assets under management .