MOUNTAIN PACIFIC
About
Mountain Pacific Opportunity Partners (MPOP) and Mountain Pacific Holdings (MPH), along with their predecessor Mountain Capital Partners (MCP), have invested over $450 Million, capitalizing over $2 Billion of U.S. real estate over the past 6 years.
Mountain Pacific Opportunity Partners was founded by Brian Shirken, Joan Kramer, and Josh Bloch to provide equity for real estate development with a focus on projects within Opportunity Zones. Mountain Pacific Holdings was subsequently formed with a focus on the capitalization of both value-add and ground up development in primary and secondary markets across the United States. Mountain Pacific's financial backing comes from its principals, individual investors, wealth management professionals, and semi-institutional investors. Along with a strong track record of investment returns, Mountain Pacific's value to investors and developers includes co-investment, transparency, clear reporting, rapid response, decisive and experienced management, and attractive risk-adjusted returns.
Team
Brian Shirken
Partner
Brian Shirken is the co-founder of MPOP, MPH, and the founder of it's precursor, MCP. Shirken, also co-founded Columbus Pacific over 25 years ago, has been involved in purchasing and redeveloping over five million square feet of retail, an 11,000 bed student housing portfolio, capitalizing the development of over 3,000 multifamily units, 4 assisted living projects and providing more than $700 million in mezzanine and equity capital, funding projects with an underlying value in excess of $3 billion.
Joan Kramer
Partner
Joan Kramer is the co-founder of MPOP. She brings over three decades of real estate investment and structured finance experience across all asset types. Her experience includes equity and debt origination, distressed loan and asset purchases, real estate restructures, value add asset management and development in the US as well as Europe and Japan. Joan has previously held positions at Kennedy Wilson (US/UK), Merrill Lynch, GE and Heller Financial. She is currently the Chair of the Chrysalis Board, which is dedicated to creating a pathway to self-sufficiency for homeless and low-income individuals by providing the resources and Support needed to find and retain employment. Joan lives in Santa Monica Canyon with her husband and daughters.
Josh Bloch
Partner
Josh Bloch is the co-founder of MPOP and MPH. Prior to his current role, Bloch worked on the student housing and retail acquisitions team for Columbus Pacific. His former jobs include working as an Acquisitions Associate at DFS and Acquisitions Analyst at JRK Property Holdings. Bloch holds a bachelor’s degree in Business/Finance from Queens University of Charlotte, where he was recruited on a tennis scholarship from Johannesburg, South Africa. He is also a California Licensed Real Estate Salesperson.
Danny Orland, CPA, CFA
Partner
Danny Orland is a Partner in MPOP and MPH and has a variety of responsibilities including acquisitions, asset management, and accounting. Danny brings a breadth of experience through his diverse background. Prior to joining Mountain Pacific, he worked as the Director of Investments for Gelt Inc., a value-add multifamily owner, and prior to that he worked as a consultant at Deloitte in both its real estate audit and valuation practices. Danny holds a BS in Business Administration and a Master of Accounting from the University of Southern California. He is also a licensed CPA in the state of California and is a CFA Charterholder
Alex Vien
Associate
Alex Vien is an Associate and has a variety of responsibilities at MPOP and MPH including acquisitions, asset management, and accounting. Prior to joining, Alex worked as an acquisitions analyst at The Bascom Group, a value-add multifamily sponsor. While at Bascom, Alex underwrote over $4B of multifamily investments, managed due diligence, and performed extensive financial analysis. Prior to Bascom, Alex worked within the Real Estate & Hospitality Practice at Gallagher and as a staff accountant within the leasing and revenue division at Alexandria Real Estate Equities. Alex holds a BS in Business Administration from the University of La Verne and an MBA from the UCLA Anderson School of Management.
Projects
Current Value Add Deals:
Location: Austin, TX Units: 420 Year Built: 1983 Date Acquired: 7/6/2022 Purchase Price: $67,500,000 Investment: $12,400,000
Location: Dallas, TX Units: 228 Year Built: 1998 Date Acquired: 5/13/2022 Purchase Price: $52,200,000 Investment: $16,000,000
Location: Tacoma, WA Units: 76 Year Built: 1991 Date Acquired: 4/29/2022 Purchase Price: $22,200,000 Investment: $6,700,000
Location: Mesa, AZ Units: 152 Year Built: 1987 Date Acquired: 1/19/2022 Purchase Price: $40,800,000 Investment: $5,500,000
Location: Mesa, AZ Units: 113 Year Built: 1985 Date Acquired: 1/19/2022 Purchase Price: $30,700,000 Investment: $4,200,000
Location: Beaverton, OR Units: 58 Year Built: 1969 Date Acquired: 12/31/2021 Purchase Price: $11,000,000 Investment: $2,900,000
Location: Beaverton, OR Units: 128 Year Built: 1980 Date Acquired: 12/31/2021 Purchase Price: $28,100,000 Investment: $7,600,000
Location: Lewisville, TX Units: 404 Year Built: 1994 Date Acquired: 12/1/2021 Purchase Price: $83,900,000 Investment: $6,400,000
Location: Dallas, TX Units: 376 Year Built: 1994 Date Acquired: 12/1/2021 Purchase Price: $80,600,000 Investment: $6,100,000
Location: Austin, TX Units: 217 Year Built: 1983 Date Acquired: 10/12/2021 Purchase Price: $42,900,000 Investment: $9,500,000
Location: Tempe, AZ Units: 262 Year Built: 1972 Date Acquired: 8/18/2021 Purchase Price: $53,100,000 Investment: $10,400,000
Location: Phoenix, AZ Units: 307 Year Built: 1983 Date Acquired: 6/10/2021 Purchase Price: $47,600,000 Investment: $10,800,000
Location: Dallas, TX Units: 267 Year Built: 1998 Date Acquired: 6/1/2021 Purchase Price: $50,300,000 Investment: $14,500,000
Location: Dallas, TX Units: 316 Year Built: 1997 Date Acquired: 5/25/2021 Purchase Price: $51,000,000 Investment: $14,800,000
Location: Phoenix, AZ Units: 213 Year Built: 1984 Date Acquired: 5/11/2021 Purchase Price: $37,900,000 Investment: $12,900,000
Location: Las Vegas, NV Units: 218 Year Built: 1988 Date Acquired: 4/29/2021 Purchase Price: $36,900,000 Investment: $10,700,000
Location: Portland, OR Units: 99 Year Built: 1999 Date Acquired: 2/25/2021 Purchase Price: $21,100,000 Investment: $6,300,000
Location: Phoenix, AZ Units: 374 Year Built: 1986 Date Acquired: 1/29/2021 Purchase Price: $54,300,000 Investment: $15,300,000
Location: Phoenix, AZ Units: 430 Year Built: 1987 Date Acquired: 12/10/2020 Purchase Price: $53,500,000 Investment: $15,000,000
Current Development Deals:
Opportunity Zone Project Location: North Miami Beach, FL Units: 1,167 Year Built: 2023 Construction Start: 3/23/2022 Total Cost: $27,700,000 Investment: $8,300,000
Opportunity Zone Project Location: San Pedro, CA Units: 99 Apartments + 2 Retail Year Built: 2023 Construction Start: 8/1/2021 Total Cost: $35,900,000 Investment: $12,900,000
Location: Park City, UT Beds: 789 Year Built: 2024 Construction Start: 5/31/2021 Total Cost: $89,700,000 Investment: $31,400,000
Opportunity Zone Project Location: San Pedro, CA Units: 32 Apartments + 2 Retail Year Built: 2022 Construction Start: 7/22/2020 Total Cost: $14,100,000 Investment: $4,000,000
Opportunity Zone Project Location: Los Angeles, CA Units: 4 Year Built: 2022 Construction Start: 7/31/2021 Total Cost: $3,300,000 Investment: $800,000
Opportunity Zone Project Location: Tempe, AZ Units: 223 Year Built: 2022 Construction Start: 12/13/2019 Total Cost: $55,100,000 Investment: $18,200,000
Opportunity Zone Project Location: Los Angeles, CA Units: 4 Year Built: 2022 Construction Start: 7/31/2021 Total Cost: $2,400,000 Investment: $400,000
Condo/Hotel Project Location: Park City, UT Units: 153 Units/237 Keys Year Built: 2021 Construction Start: 6/6/2019 Total Cost: $235,000,000 Investment: $32,600,000
Senior Living Community Location: Glendale, CA Units: 109 Year Built: 2021 Construction Start: 6/1/2018 Total Cost: $59,700,000 Investment: $20,800,000
Senior Living Community Location: Thousand Oaks, CA Units: 120 Year Built: 2018 Construction Start: 8/16/2016 Total Cost: $50,300,000 Investment: $16,100,000
Senior Living Community Location: Fresno, CA Units: 107 Year Built: 2016 Construction Start: 2/15/2015 Total Cost: $23,800,000 Investment: $8,900,000
Sold Value Add Deals:
Location: Austin, TX Units: 86 Year Built: 1969 Acquisition Date: 7/31/2018 Sold Date: 1/28/2022 Purchase Price: $10,300,000 Investment: $3,700,000
Location: Phoenix, AZ Units: 240 Year Built: 1975 Acquisition Date: 8/19/2019 Sold Date: 5/27/2021 Total Cost: $30,800,000 Investment: $7,500,000
Location: Los Angeles, CA Units: 30 Year Built: 1963 Acquisition Date: 5/9/2019 Sold Date: 4/28/2021 Total Cost: $10,000,000 Investment: $4,800,000
Location: Salt Lake City, UT Units: 30 Year Built: 1960 Acquisition Date: 11/21/2018 Sold Date: 3/30/2021 Total Cost: $5,400,000 Investment: $2,000,000
Location: Salt Lake City, UT Units: 27 Year Built: 1973 Acquisition Date: 4/12/2019 Sold Date: 2/25/2021 Total Cost: $6,300,000 Investment: $1,900,000
Location: Phoenix, AZ Units: 197 Year Built: 1966 Acquisition Date: 12/11/2018 Sold Date: 1/29/2021 Total Cost: $33,100,000 Investment: $2,100,000
Location: Mesa, AZ Units: 96 Year Built: 2000 Acquisition Date: 8/30/2019 Sold Date: 1/28/2021 Total Cost: $18,300,000 Investment: $6,100,000
Location: Phoenix, AZ Units: 488 Year Built: 1979 Acquisition Date: 5/3/2019 Sold Date: 12/16/2020 Total Cost: $49,000,000 Investment: $1,500,000
Location: Phoenix, AZ Units: 316 Year Built: 1982 Acquisition Date: 1/2/2019 Sold Date: 12/4/2020 Total Cost: $40,000,000 Investment: $9,700,000
Location: Salt Lake City, UT Units: 17 Year Built: 1971 Acquisition Date: 4/16/2019 Sold Date: 10/20/2020 Total Cost: $3,300,000 Investment: $1,000,000
Location: Phoenix, AZ Units: 376 Year Built: 1981 Acquisition Date: 5/23/2018 Sold Date: 2/18/2020 Total Cost: $45,500,000 Investment: $15,100,000
Location: Phoenix, AZ Units: 208 Year Built: 1996 Acquisition Date: 4/11/2016 Sold Date: 12/8/2017 Total Cost: $21,800,000 Investment: $4,800,000
Sold Development Deals:
Opportunity Zone Project Location: Los Angeles, CA Units: 6 Year Built: 2021 Date Acquired: 4/23/2019 Date Sold: 7/19/2022 Total Cost: $3,500,000 Investment: $1,000,000
Location: Los Angeles, CA Units: 4 Year Built: 2021 Date Acquired: 5/31/2019 Date Sold: 3/7/2022 Total Cost: $2,200,000 Investment: $600,000
Location: Los Angeles, CA Units: 4 Year Built: 2021 Date Acquired: 12/6/2019 Date Sold: 2/22/2022 Total Cost: $2,400,000 Investment: $600,000
Opportunity Zone Project Location: Los Angeles, CA Units: 4 Year Built: 2020 Date Acquired: 8/16/2019 Date Sold: 6/29/2021 Total Cost: $2,600,000 Investment: $600,000
Senior Housing Project Opportunity Zone Project Location: Tucson, AZ Units: 119 Year Built: 2018 Date Acquired: 10/1/2016 Date Sold: 4/22/2021 Total Cost: $26,200,000 Investment: $9,100,000
Land Entitlement Deal Opportunity Zone Project Location: Dallas, TX Units: 279 Year Built: 2022 Date Acquired: 12/17/2019 Date Sold: 4/21/2021 Total Cost: $56,400,000 Investment: $6,430,000
Location: Sandy, UT Units: 331 Year Built: 2018 Date Acquired: 11/15/2015 Date Sold: 2/11/2021 Total Cost: $51,000,000 Investment: $13,500,000
Location: Los Angeles, CA Units: 4 Year Built: 2021 Date Acquired: 9/27/2019 Date Sold: 2/9/2021 Total Cost: $2,300,000 Investment: $600,000
Location: Salt Lake City, UT Units: 80 Year Built: 2016 Date Acquired: 10/14/2014 Date Sold: 1/26/2021 Total Cost: $19,760,000 Investment: $3,500,000
Location: St. Louis Park, TX Units: 199 Year Built: 2018 Date Acquired: 5/8/2015 Date Sold: 11/20/2020 Total Cost: $59,300,000 Investment: $15,600,000
Location: Vineyard, UT Units: 324 Year Built: 2015 Date Acquired: 3/14/2014 Date Sold: 5/29/2020 Total Cost: $44,350,000 Investment: $11,700,000
Location: Allen, TX Units: 374 Year Built: 2017 Date Acquired: 10/1/2014 Date Sold: 2/7/2020 Total Cost: $56,900,000 Investment: $8,100,000
Location: Houston, TX Units: 264 Year Built: 2016 Date Acquired: 10/16/2014 Date Sold: 11/9/2018 Total Cost: $27,200,000 Investment: $5,800,000
Location: Portland, OR Units: 149 Year Built: 2017 Date Acquired: 4/15/2015 Date Sold: 3/7/2018 Total Cost: $36,200,000 Investment: $7,500,000
Location: San Antonio, TX Units: 252 Year Built: 2016 Date Acquired: 9/14/2014 Date Sold: 8/3/2017 Total Cost: $22,300,000 Investment: $4,700,000
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