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Torrance, CA - September 9, 2013 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the closing of a new investment platform with Lansdowne Development Group. The new joint venture intends to acquire and develop $50-100 million of residential land in the Virginia and Washington D.C. metropolitan areas.

Torrance, CA - March 20, 2012 - (RealEstateRama) -- The joint venture between Mountain Real Estate Capital (MREC) and Harridge Development has recently acquired a bank-owned residential infill site located at 5120 Melrose Avenue, situated five miles northwest of downtown Los Angeles adjacent to Paramount Studios. The partners are in the process of re-entitling the site from multifamily to single family lots which they plan to sell to homebuilders. The terms of the acquisition were not disclosed.

Torrance, CA - January 16, 2012 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the closing of two notable acquisitions: one for a loan portfolio with residential assets located throughout South Carolina and a separate note purchase on a high profile subdivision in the North Hills section of Raleigh. In total, MREC acquired approximately 150 performing and non-performing loans totaling over $100 million in loan balance. The loans are secured primarily by residential development properties in Raleigh, N.C., and the Charleston, Myrtle Beach, Hilton Head and Kiawah Island areas of South Carolina.

Torrance, CA - October 10, 2011 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) (www.mountainrecapital.com) announces the closing of a new investment with Classic Homes of Colorado Springs to develop Promontory Pointe, a 267-lot community located in Monument, Colo. The transaction represents MREC’s first investment in the Colorado Springs housing market. The terms of the deal were not disclosed.

Torrance, CA - August 1, 2011 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the acquisition of Village III within the Riverwalk Vista master plan in Riverside, Calif. MREC acquired the asset directly from Bank of the West and will be retaining Artisan Communities to complete the remaining development work and ultimately build out the project. The transaction closed June 28; its value could not be disclosed.

Torrance, CA - July 18, 2011 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the acquisition of Silver Lake in Los Angeles in a joint venture with Harridge Development Group LLC. The transaction closed July 1; its value could not be disclosed.

Torrance, CA - June 6, 2011 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) announces the acquisition of The Vintage at The Crosby development in San Diego in a joint venture with Davidson Communities LLC. This represents the third acquisition made by the MREC/Davidson partnership in San Diego County. The value of the transaction could not be disclosed.