Ryan J. Somers, President & CEO, Benedict Canyon Equities, Inc.
As President of Benedict Canyon Equities, Inc. (BCE), Ryan Somers oversees all aspects of the company.
has over 20 years of real estate acquisition experience, and has completed over $1 billion in multi- family transactions during his
Since joining BCE in 2009, he has directed the acquisitions of 45 properties consisting of over 5,200 units valued at $756 million.
has grown the company's portfolio to $1 billion.
During the recent economic downturn, his
in- vestment expertise created a multitude of opportunistic ventures: buying out distressed partnerships, recapitalizing underperforming properties, and acquiring distressed assets which since have become some of BCE's
top performing properties.
was integral in the genesis of the BCE Opportunity Fund I and BCE Opportunity Fund II
, raising $11.2 million and $26 million of equity, respectively.
Both are highly successful private equity funds with 31 properties currently under management.
Due to the achieved returns of the first fund, the second fund's capital is over-subscribed with more than 50% deployed across 2,500 units.
Future plans for the firm include utilizing remaining equity to continue to purchase well-located, workforce housing, value-add transactions as well as expanding BCE's
current holdings in California and Colorado, and branching into new markets such as Seattle, Washington.
Prior to joining BCE
served as Vice President of Multifamily Sales and Acquisitions at RK Properties
, a private equity firm in Long Beach, California.
facilitated the closings of over $500 million in multifamily assets in Southern California, Arizona, Nevada, Colorado, and Utah.
Ryan began his career in real estate in 1994 at the San Diego office of Marcus & Millichap.
Ryan received a B.S. in Business Administration with an emphasis in Real Estate from San Diego State University.
lives with his
wife, Karen, in Manhattan Beach, CA.
Ryan J. Somers President & CEO, Benedict Canyon Equities, Inc.