Multi-Housing News Interviews PPA's CEO About Acquisition Plans in the Changing Apartment Market
Michael Stewart discusses with Multi-Housing News why he plans for Pacific Property Assets to acquire more multi-family apartment buildings.
Click Here to read the interview...

PPA's Assets Exceed One-Quarter Billion Dollar Mark
The aggregate value of the Company's directly owned and managed property portfolio now exceeds One-Quarter-Billion Dollars...

• 2007: The Orange County Business Journal names Pacific Property Assets....
  
  1. The Orange County Business Journal names Pacific Property Assets as the 17th fastest growing, privately-held company in Orange County.
  2. Inc. magazine recognizes Pacific Property Assets for the third time in four years as one of America's fastest-growing, privately-held companies.
  3. PPA acquires 3 additional complexes: Chancellor Arms Apartments in Riverside, CA and Vista Village Apartments and Indian Canyon Apartments, both in Phoenix, AZ.
  4. 37,000th monthly interest investor check issued
  5. PPA sells 2 California complexes and an Arizona complex for an aggregate profit of over $6 million. Sold separately, the three properties contained 247 units.
  6. PPA has now fully repaid 111 Investor Offerings - all in compliance with the original terms
  7. Pacific Property opens expanded regional office in Phoenix. The approximately 2500 SF office on East McDowell Avenue will be used principally as PPA's central asset management facility in Arizona.
  8. PPA hosts its Annual Investor Appreciation Night, with over 200 investors and potential investors in attendance. more
  
  
• 2006: Major AZ expansion, PPA's assets hit 1/4 billion...
  
  1. PPA adds 524 units through the acquisition of Chandler Pointe, Bell Cove and Country Club Greens in Arizona.
  2. Assets hit 1/4 billion dollars. more
  3. International accounting firm Ernst & Young names PPA as one of nineteen regional finalists for Entrepreneur of the Year. more
  4. Corporate office expansion--relocates to Irvine, CA. more
  5. 25,000th Investor Check is issued.
  6. Year-end inventory: Over 2200 apartment units.
  
  
• 2005: PPA is once again named to Inc.500's list, 20,000th investor check issued, assets exceed $190 million...
  
  1. PPA becomes top non-mortgage-based real estate company in Inc. 500 list.more
  2. PPA commemorates issuance of 20,000th investor check in special presentation to investor, Randy Roach. more
  3. Acquisitions: Single largest property acquisition of 558 apartments transacted.
  4. Financials: PPA's assets exceed $190 million.
  5. Investor Offerings: 90 fully repaid as promised.
  6. Year-end inventory: 1684 apartments units owned.
  
  
• 2004: INC. 500 names PPA, Pine Villa Assisted Living Facility opens and PPA enters AZ rental market...
  
  1. PPA joins INC. 500 list of America's top privately held companies.
  2. Newly renovated Pine Villa Assisted Living Facility opens in downtown Long Beach.
  3. Property Sales: 14 smaller buildings sold for a net profit of over $8.1 million.
  4. Acquisitions: Several new, larger scale properties in Arizona.
  5. Investor Offerings: 65 fully repaid as promised.
  6. Financials: PPA Assets exceed $130 million.
  7. Year-end inventory: 1093 apartment units owned.
  
  
• 2003: Pine Villa tax credits sold to BofA for $3.4 million, $6 million profit seen from sales of 7 buildings...
  
  1. Bank of America buys Pine Villa Assisted Living tax credits from PPA for $3.4 million. more
  2. Long Beach office relocates to expanded facility on Pacific Coast Highway.
  3. Property Sales: 7 buildings sold for a net profit of $6 million.
  4. Acquisitions: 16 apartment buildings.
  5. Investor Offerings: 51 fully repaid as promised.
  6. Financials: PPA Assets exceed $120 million.
  7. Year-end inventory: 1052 apartment units owned.
  
  
• 2002: PPA expands investment operations...
  
  1. Acquisitions: 25 apartment buildings.
  2. Investor Offerings: 19 fully repaid as promised.
  3. Year-end inventory: 864 apartment units owned.
  
  
• 2001: Construction begins on Pine Villa...
  
  1. Construction begins on 117-bed Pine Villa Assisted Living Facility in downtown Long Beach.
  2. Year-end inventory: 412 apartment units owned.
  
  
• 2000: PPA acquires initial buildings in Riverside...
  
  1. Initial apartment buildings in Riverside are acquired by PPA.
  2. Corporate office moves to Irvine.
  3. Year-end inventory: 232 apartment units owned.
  
  
• 1999: Pacific Property Assets is formed...
  
  1. March: PPA is formed by the merger of Pacific Housing & Development Corp. and Property Assets, Inc...
  2. May: PPA acquires first property, a 16-unit apartment building in Long Beach, CA.
  3. Investor Offerings: First investor offering is funded.
  4. Year-end inventory: 102 apartment units owned.