January 28, 2013

Real Capital buys California properties

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LOUISVILLE – Real Capital Solutions, the Louisville-based real estate investment group that specializes in buying distressed assets across the nation, has purchased 136 residential lots and a semi-private golf course in Meadow Vista, California, for $8.5 million.

The property, located about halfway between Sacramento and Lake Tahoe, was bank-owned after going into foreclosure in May 2008.

Real Capital Solutions, which is headed by Marcel Arsenault, intends to spend $300 million this year to acquire distressed properties, according to a press release from the company. The sellers include banks looking to sell foreclosed properties and undercapitalized developers and builders.

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The lots are part of a 409-lot upscale development, according to local press reports. The golf course, the Winchester Country Club, was designed by Robert Trent Jones Sr. and his son, Robert Trent Jones Jr.


LOUISVILLE – Real Capital Solutions, the Louisville-based real estate investment group that specializes in buying distressed assets across the nation, has purchased 136 residential lots and a semi-private golf course in Meadow Vista, California, for $8.5 million.

The property, located about halfway between Sacramento and Lake Tahoe, was bank-owned after going into foreclosure in May 2008.

Real Capital Solutions, which is headed by Marcel Arsenault, intends to spend $300 million this year to acquire distressed properties, according to a press release from the company. The sellers include banks looking to sell foreclosed properties and undercapitalized developers and builders.

The lots are part of…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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