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2016-11-17T00:00:00.000Z

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Wrong Ryan Somers?

Mr. Ryan J. Somers

President and Chief Executive Officer

Benedict Canyon Equities

Direct Phone: (424) ***-****       

Email: r***@***.com

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Benedict Canyon Equities

12100 Wilshire Boulevard Suite 250

Los Angeles, California 90025

United States

Company Description

BCE multifamily real estate acquisitions and fully-integrated investment platform, with assets in CA and the Western US and a proven 10-year track record. ... more

Find other employees at this company (10)

Background Information

Education

B.S.

Business Administration with an emphasis in Real Estate

San Diego State University

Web References (23 Total References)


Past Speakers :: The Jewish Graduate Student Initiative

thejgsi.org [cached]

Ryan Somers, President and CEO, Benedict Canyon Equities


Contact Benedict Canyon Equities

www.bceproperties.com [cached]

Ryan Somers > President & CEO (424) 325-2727


Ryan Somers, President of BCE

www.bceproperties.com [cached]

Ryan Somers

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Ryan Somers
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As President of Benedict Canyon Equities, Inc. ("BCE"), Ryan Somers oversees all aspects of the company. He has over 20 years of real estate acquisition experience, and has completed over $1.6 billion in multifamily transactions during his career. Since joining BCE in 2009, he has directed the acquisitions of 83 properties consisting of over 8,080 units valued at $1.1 billion. Under his tenure, Ryan has grown the company's portfolio to $1.3 billion. During the recent economic downturn, his investment 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. Ryan was integral in the genesis of BCE Opportunity Fund I and BCE Opportunity Fund II, raising $11.2MM and $26MM of equity, respectively. Both are highly successful private equity funds with 27 properties currently under management. Both funds are fully invested and current on an 8% preferred return to the investors. In addition, Fund I has distributed $11MM to its investors. Given current asset performance, the projected return to the Fund I and Fund II investors will be between 2 and 2.5 times original equity.
In March of 2015, Ryan led BCE in the launch of Multifamily Opportunity Fund III. By August 1st, 2015 the firm had raised $47 million of general partner equity to invest in Fund III assets, and the fund has acquired its first asset and has two more assets under contract.
Prior to joining BCE, he served as Vice President of multifamily sales and acquisitions at RK Properties, a private equity firm in Long Beach, CA. He facilitated the closings of over $500MM 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


Contact Benedict Canyon Equities

www.bceproperties.com [cached]

Ryan Somers > President & CEO (424) 325-2727


Leadership Team of Benedict Canyon Equities

www.bceproperties.com [cached]

Ryan Somers

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Ryan Somers President & CEO (424) 325-2727
...
With 20 years of real estate acquisition experience that includes over $1.6 billion of multifamily transactions, Ryan Somers has been integral to the genesis and success of BCE's Fund I and Fund II, raising $11.2MM and $26MM of equity, Read More >

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