Founded in 1983, Asset Management Consultants, Inc. (“AMC”) is a southern California based investment firm specializing in commercial real estate transactions. AMC is a constantly evolving company that adjusts its investment strategies to fit today’s ever-changing economic environment. The company’s current focus is on growth and income which it attempts to achieve through diversity of investment, predictable and dependable cash flow, and mitigation of risk. AMC’s investment professionals have more than 200 years of industry experience and AMC has executed more than $2 billion in real estate transactions in California, Oregon, Nevada, Arizona, Texas, Oklahoma, Missouri, Iowa, and North Carolina.
AMC serves a niche space in the real estate capital world by targeting transactions that are too small for institutional investors but above the point at which high net worth individuals can operate with AMC’s level of efficiency. In doing so, AMC is able to provide investment partners with access to capital as they outgrow the friends and family investors they may have started with. On the other side of the customer spectrum, AMC provides investors access to transactions falling within this unique space together with the benefit of AMC’s underwriting and the transparency of a small company.
AMC’s investment portfolio spans a range of investments across a broad range of property types including multi-family, medical office, industrial, storage, retail, and commercial office buildings. Selected current and past investments are shown below for illustrative purposes only. For more information on these or any other investments, please contact AMC.
Bluff Spring Venture
Moreno Valley, CA
Cross Citation Venture
Westgate Apt Venture
MSU Aspen Venture
San Antonio, TX
West Oaks Venture
Main Street Venture
Santa Ana, CA
Hidden Villas Venture
Los Angeles, CA
Tomball Apt Venture
La Palma Venture
AMC’s current focus is on providing equity to experienced operators. AMC’s acquisition team focuses on well-located properties capable of producing cash on cash returns of 6.0% to 12.0% per annum, and overall returns commensurate with the project risk profile.
For more than ten years, and during seventeen investments I made with Asset Management Consultants, I have felt like a respected member of their group even though I am geographically far from their offices. That feeling of respect is based largely on the reliability of the company’s communications. AMC sends a complete prospectus and disclosure for each property offered, information quarterly on each property in which I have invested, and letters with feedback on what is happening with each holding. These communications breed confidence in the integrity, experience, and expertise of AMC’s management. Most years with them, I have made money as expected, sometimes even more than expected. In these days of real estate hardship, I feel the communications from AMC have been hugely informative, realistic and straight forward, reflecting a company smart and flexible enough to manage rough spots and come out winners.
- H. Ellis, investor
Jim: I just received the final payment for my mother’s investment. It was a nice bonus. It’s an amazing feeling to receive an additional payout on a project that provided such an over the top return. Thanks again for another great year of performance and leadership at AMC!
- D. Gill, Investor
Jim is the pinnacle of foresight, honesty and character and someone who I obviously trust and can confidently recommend his investments to others.
- D. Parker, investor
During this country’s current financial crisis, it has become increasingly difficult, especially for senior citizens like me, to maintain living expenses, as current interest rates on Money Market accounts, CD’s etc. generally offer on average less than .02% interest returns from savings and investments.I feel most fortunate to have discovered your group, and applaud your common sense approach to investing which has resulted in far happier returns for me and others, and look forward to reinvesting with you in the future.
- L. Winsen, investor
Jim, what really exemplifies a good asset manager is what they do when the asset is not performing, or worse, when it could result in a major loss of the equity. The reality of good timing vs. bad timing makes all the difference and for real estate investments this is significant. Investors that bought commercial property during 2006-2008 are facing issues on investments made in that time period. Only the outstanding managers will prevail and you are one of those.
- R. Leeds, investor
We have been investing with AMC for over 10 years and have participated in more than 30 of the different limited partnerships they’ve developed. We appreciate the opportunity to invest with AMC as it allows us to participate in real estate investments at our level of comfort and to mitigate our risk across many properties. AMC provides a thorough and understandable Private Placement Memorandum for each investment opportunity they develop. This document greatly assists us in making an informed decision as to whether the investment meets our needs. In addition, quarterly distribution checks are timely and are accompanied by updates that include a status of the investment and any potential issues being addressed. AMC provides us the opportunity to be a part of a large and geographically diverse investment portfolio and for this we thank them.
- J. & B. Harbell, investor
I have been investing with AMC since 1996. Over the years, I have been impressed with the abilities of Jim and his team to identify, structure and secure profitable investment opportunities. Just as importantly, I appreciate the hands on management AMC provides while the property is owned to ensure investor returns are maximized. I look forward to investing in additioinal AMC investments for many years to come.
- B. Schack, investor
I have known Jim Hopper, President and CEO of Asset Management Consultants, Inc. for almost 30 years, having been a real estate broker before I retired. In order to generate passive income and get the benefit of appreciation through real estate ownership, I started investing in AMC’s real estate limited partnerships in the mid 1990’s. During that period, I have invested in more than 50 limited partnerships and have been more than gratified by the results. I have complete trust in Jim Hopper and AMC and the company’s conservative approach to real estate investing, its leadership, integrity and results are second to none. Most anybody can make money in a strong real estate market, but I can sleep at night knowing that AMC is protecting my investments even during these difficult economic times. Jim Hopper is the sharpest real estate professional that I know and I highly recommend these investment opportunities to anyone who is seeking conservative investments that produce passive income along with the high likelihood of a nice profit when the property is sold.
- S. Levine, investor
In the beginning, when I first heard about AMC, I was extremely skeptical – the words “Limited Partnership” had a negative connotation to me due to some bad limited partnership investments I went into in the 70’s. But, the more I got to know about AMC, and the more good things I heard from other investors about AMC, the more confident I got about the management and their product. I am now in approximately 8 AMC deals and I have great trust in CEO Jim Hopper along with his team, and their ability to find conservative, good deals that pay good cash flow while the deal is in progress, and then good overall returns when buildings are sold. I am especailly impressed with the innovative ideas that fit the current economy and also with the due diligence that is always done with every prospecitve deal-sometimes, deals don’t go through because after due diligence, the “team” doesn’t feel that the investment is good enough for the investors. I am VERY satisfied with the investments that I have with AMC and as buildings are sold, I will most likely roll over the money into new ventures.
- P. Carpenter, investor
We are extremely pleased with this deal. You and yours have worked hard on this and the results are fantastic. We appreciate very much not only the results but your fine professional way of doing business.
- J. Sadd, investor
Much of our lives are pre-occupied with the tasks of providing financial security for our families and loved ones. The job of ferreting out ”value” and “seizing opportunity” to reach your goal is a difficult one and is fraught with peril. That is why I feel extremely fortunate to have found a solid partner in my quest toward that end with AMC Investments. They embrace the shared philosophy of finding value in a potential investment, and through solid business acumen and hard work, creatively craft solutions for people like myself to seize that opportunity. They are forthright, honest and excellent financial stewards, and I would not hesitate to recommend them to anyone seeking a steady hand in these volatile financial times.
- S. Osowski, investor
I wanted to thank both you and your staff for a marvelous job on the Pomona property. I was mildly skeptical of Pomona as an investment target originally, but you soon put that to rest. Finding people of your caliber with your keen judgment and moral stature is most rare. Thank you!
- P. Marr, investor
I want to thank you, Jim and the rest of the team for ten years of doing business, you guys always did what you said you would and never let me down.
- B. Robertson, investor
Dear Jim: The “winding up” of investments in La Palma, Carson Cold Storage, and Imperial are, on one hand, good for my trust since I am now in my nineties. It helps make things more simple. My investment history with AMC has been exciting, fruitful, disturbing, and always interesting. Thanks to everyone for all your commitment to making the best of things during a bad market. I send my good wishes for the new year.
- B. Riley, Investor
Jim is best known by investors and partners as a real estate executive with knowledge and experience that is utilized and focused to create high returns and profit for his investment partners. As AMC’s founder, President and CEO, Jim has overseen and directed the Company since its incorporation in 1983.
In 1991, Western Federal Savings Bank recruited Jim to organize, staff and manage its Multi-Family and Commercial REO Department. During Jim’s tenure at Western Federal, AMC’s acquisition program was dormant, but AMC continued to be involved in real estate related activities. At Western Federal, Jim was directly involved in and/or oversaw the management and sale of its commercial REO properties. As a senior vice president, he also served as a voting member of the Senior Credit Review Committee and the Senior Management Advisory Committee.
In 1993, the Resolution Trust Corporation (“RTC”) took over Western Federal and Jim was one of a select few senior managers that was retained to provide leadership and expertise to ensure a smooth transition and successful disposition of the balance of the non-performing loans and REO properties. Jim’s staff, which included Russ Hardt, AMC’s Director of Acquisitions, and Kenneth Levine, AMC’s Director of Investor Relations, was acknowledged for developing and implementing one of the RTC’s most successful in-house marketing programs in its history.
After finishing with the RTC in 1995, Jim developed and directed AMC’s loan workout program, wherein AMC represented commercial real estate owners who were in default or faced serious economic problems in workout negotiations with their lenders. AMC was recognized and endorsed by all of the major commercial real estate brokerage companies, including Grubb & Ellis, CBRichard Ellis, Marcus & Millichap, Sperry Van Ness, Voit Commercial, Lee & Associates, and Capital Commercial.
The contact with the commercial real estate brokers while working at Western Federal and representing borrowers in workouts provided Jim and AMC with unparalleled relationships in the commercial real estate community, which is the basis for AMC’s ability to locate and acquire the investments in its portfolio.
In 1998, AMC changed its focus and began purchasing select, well-located commercial properties.
With the global economic downturn that occurred in 2008/2009, AMC again changed its focus to locating transactions that sought to provide mitigation of risk and steady cash flow. While changing directions, Jim developed and implemented AMC’s Equi-Debt program and AMC began providing investors with opportunities to invest in transactions with select partners in the acquisition of apartment buildings in a variety of national markets.
AMC’s success has stemmed from Jim and his team’s ability to nimbly change focus and direction in order to adapt to the ever-changing commercial real estate market, while continuing to locate quality real estate investments that satisfy AMC’s investment criteria and its goal for strong returns on investments.
director of acquisitions
Rick Hamilton brings to AMC more than 35 years of experience from a diversified career in commercial real estate encompassing all facets of transactional activities, finance and real property management. Upon receiving his M.S. and M.B.A from the University of Southern California, he began his career in government and banking. In 1976, he began his real estate career in commercial property brokerage at Grubb and Ellis (followed by CB Richard Ellis) as an industrial sales and leasing specialist, where he was awarded The Irvine Company’s “Outstanding Broker Award” for two consecutive years.
From brokerage, Rick transitioned into institutional real estate acquisitions. As a principal of T. Rowe Price Realty Advisors, Inc., and Vice President, Director of Acquisitions at Coldwell Banker Capital Management Group (now CBRE Global Investors), he was responsible for acquiring properties in California, Texas, Illinois, Florida, Washington D.C. and Pennsylvania in the form of joint ventures, convertible mortgages and outright purchases. He originated new property opportunities, negotiated deal structures and legal documentation, and performed the physical and financial due diligence on those acquisitions. Following T. Rowe Price, Rick was the Director of Real Estate for a high net worth family estate. In that capacity, he directed acquisitions, asset management, financing and dispositions of a large southern California real estate portfolio.
In 1995, Rick was offered the opportunity to help establish an investment sales division at PM Realty Group and re-enter the commercial brokerage arena. This opportunity resulted in the creation of a highly successful investment brokerage team that was directly responsible for 48 office, industrial, retail and multifamily sales transactions totaling more than $2.8 billion (at both PM Realty Group and Cushman Realty/Cushman & Wakefield). In 2005, Mr. Hamilton was the recipient of the Co-Star “Office Sale of the Year” award, as well as the “Power Broker” designation. A partial list of his clients include Aetna, AT&T, Bank of America, CB Richard Ellis Investors, CIGNA, Mass Mutual, Equitable Life, Goldman Sachs, The Irvine Company, Lincoln Property Co., TIAA-CREF, Morgan Stanley, Trammel Crow, Koll Bren, Schreiber Co., Fluor Corporation and TrizecHahn.
In his 10 years at AMC, Rick has co-managed the acquisition team, initializing and completing transactions in all real estate asset types except hospitality. Those acquisitions have been structured as outright acquisitions, mezzanine financing and joint ventures for purchase and development in California, Oregon, Nevada, Arizona, Texas, Oklahoma, Missouri, Iowa, and North Carolina.
director of acquisitions
Russell Hardt brings to AMC a wealth of brokerage, acquisition, disposition and asset management experience garnered from more than 33 years in the world of income-producing commercial real estate. After 10 years with the Grubb & Ellis Company, during which he was promoted from the senior brokerage ranks to the position of Senior VP/National Director of Retail Marketing, Russ served as Acquisition Manager for the Alison Development Company, Director of Leasing and Acquisitions for the Fritz Duda Company, and Senior Asset Manager for Western Federal Savings Bank. Brought into Western Federal during the final stage of its RTC conservatorship for the purpose of disposing of specialized, hard to sell, commercial real estate assets, Russ successfully completed the disposition of its entire portfolio in 14 months.
Russ joined AMC in 1996 and, for the next 30 months, headed up the company’s loan workout department. During that time, Russ networked with borrowers, real estate brokers and lenders to locate non-performing loans which AMC then renegotiated for its clients. Russ has co-managed the marketing and acquisitions activity for the company since January, 1999, when AMC shifted its focus to property acquisitions and venture capital transactions. He has personally identified, underwritten, and closed more than 50 separate transactions totaling more than $600 Million.
director of investor relations
Ken is a specialist in the acquisition, asset management, finance, and disposition of commercial and multi-family real estate assets with more than 25years of experience across more than $2 billion in real estate assets throughout the United States.
Ken obtained his California Real Estate Broker’s license in 1985 and as a broker, has successfully owned and operated his own real estate brokerage firm and property management company. Prior to 1996, Ken worked for Western Federal Savings Bank and the Resolution Trust Corporation (“RTC”) as a Senior Asset Manager. While at Western Federal, he was responsible for the management and disposition of a large portion of the institution’s 125 asset, $250-million commercial and multi-family REO portfolio located throughout California. From 1996 to 1999, Ken was an Acquisition Manager for AMC where he focused his efforts on locating and evaluating non-performing loans for lender workouts and acquisition, and real estate acquisitions meeting the firm’s profit and yield objectives. From 1999 to 2006, Ken was Assistant Vice President of Dispositions for SunAmerica Affordable Housing Partners, Inc., where he was responsible for a multi-family portfolio targeted for disposition. This portfolio consisted of more than fifty newly constructed institutional-quality multi-family assets in seventeen states totaling more than 12,500 units with an aggregate market value exceeding $1 billion. Ken was also responsible for the marketing and disposition of SunAmerica’s land portfolio located throughout the United States. From 2006 to 2009, Ken directed asset management activities for Scripps Investments & Loans, Inc.
David is responsible for the creation of investor private placement memorandums and the oversight of the management, marketing and disposition of AMC’s real estate assets. Since joining AMC in 2014, David has been involved in the acquisition and disposition of more than $500 Million in real estate assets, representing more than 6 million square feet of commercial and multi-family property.
Prior to joining AMC, David was an Associate with The Souferian Group (“TSG”), a real estate investment, development and advisory company located in Los Angeles, California. At TSG, David was responsible for property management, accounting, and marketing operations. Prior to joining TSG, David spent more than eight years as an analyst and REO Manager in the Lending Solutions division of Fiserv, Inc.
David holds a BS in Business Administration and Finance from California State University Northridge and a JD from Chapman University School of Law. He is a licensed member of the State Bar of California.
Senior Asset Manager
As Senior Asset Manager, Ms. Davies is responsible for performing all aspects of the due diligence process for potential acquisition opportunities identified by AMC. In this capacity, Ms. Davies’ duties include reviewing the financial, physical and legal aspects of the investment property and underwriting assumptions to confirm the opportunity meets AMC’s current business plan. Ms. Davies is also responsible for coordinating entity documentation related to the company’s investments, and oversees the management of current development projects.
Prior to joining AMC in 2012, Ms. Davies was Vice President/Director of Due Diligence for Adler Realty Investments, Inc., a private equity real estate investment group, where she managed the underwriting and due diligence process for over $500 million in combined acquisitions and dispositions, and related financing, and was responsible for internal audits and real estate tax appeals for the company’s real estate portfolio. Before her employment at Adler, Ms. Davies was a commercial real estate appraiser in California where she authored narrative appraisal reports for commercial, industrial, multi-residential, single family homes, and vacant land for financing and litigation purposes, and performed market studies for proposed multi-residential and industrial business park developments.
At AMC, Josh is responsible for sourcing new investments, underwriting, and coordinating with AMC’s due diligence team. Prior to joining AMC, Josh was a Senior Director at Cushman and Wakefield’s Capital Markets Team where he was recruited to bring a principal investor/owner approach to the investment sales business. Josh spent much of the great real estate recession at Buchanan Street Partners, where he was responsible for the asset management of current investments as well as the underwriting and due diligence of potential equity and debt investments. Before joining Buchanan Street, Josh worked with The Bascom Group, a private equity real estate investment firm and top 50 apartment owner, where he was responsible for acquisitions, asset management, joint venture equity fundraising, and advised on numerous workouts, and recapitalizations. Prior to Bascom, Josh served as a financial advisor to high net worth individuals and small businesses, and as a management consultant to Fortune 500 companies.
Josh earned his MBA from the Paul Merage School of Business at University of California, Irvine (“UCI”) where he received the first ever NAIOP SoCal Fellowship Award for real estate, and he received his undergraduate degree in business from the University of Colorado at Boulder. He is licensed real estate broker in California, has held several FINRA securities licenses, is a Co-Founder and previous Co-Chair of the UCI Real Estate Alumni Association (UCIREA), and is also an active member of the ULI Orange County Young Leaders Group and the NAIOP SoCal Young Professionals Group (YPG).
Asset Management Consultants, Inc.
11260 Wilbur Avenue, Suite #301
Northridge, CA 91326
Asset Management Consultants, Inc.
5120 Birch Street, Suite #150
Newport Beach, CA 92660