FORE has secured more than $1 billion of debt and equity to support the acquisition and development of approximately 22,000 multifamily units. We have consistently satisfied our partnership requirements in each development while meeting or exceeding our lenders’ and equity partners’ expectations.
Our existing equity partners are some of the largest and well-known institutional capital partners. While we continue to provide a steady pipeline of new deal flow to our existing equity relationships, FORE considers new partners to participate in its market rate multifamily developments.
Acquisition and construction financing is also provided by well-known large national lenders and some regional and community lenders. FORE has always viewed its developments as a partnership with the local community and looks for ways to participate with local lenders.
On a year over year basis, new equity financing is projected to be in the $40 to $50 million range supported by debt financing more than $100 million. As FORE continues to grow in its existing markets and expands to new regions, we seek and welcome new equity and debt relationships to participate in our growth.
For additional information concerning investor relations, please contact:
Richard P. Fore
Fore Property Company
1004 Santa Barbara Street
Santa Barbara, CA.93101