Getting your player ready...
Developer Ray Pittman has teamed up with a San Diego real estate investment company to launch a private-equity fund focused on buying real estate in Colorado.
Pathfinder Partners LLC, which invests in distressed real estate and defaulted loans, and Pittman Development Group have formed Pittman Pathfinder Colorado Opportunity Fund.
The fund will be overseen by Pittman Pathfinder Realty Ventures LLC, a new joint venture formed by the two companies.
In its first acquisition, the fund purchased a portfolio of residential properties from a Colorado regional bank, including 64 condominiums and townhomes, 108 residential lots and a multi-family development site — primarily in the Denver and Colorado Springs areas.
Margaret Jackson, The Denver Post
