Tech and Energy Key for Mesa West

LOS ANGELES-Real estate investment manager Mesa West Capital LLC closes its third investment fund this month with capital commitments that exceed the firm’s original target of $650 million, reports GlobeSt.com in an earlier story. The company’s clear success stems from focusing on local economic growth on the east and west coasts, specifically in New York, Washington D.C., and Northern California, and job growth in the tech and energy sectors. 

Mesa West experiences 80% of its volume on the east and west coasts and tends to look for opportunities in those markets where job growth is evident. “Because we are financing value-add projects, focusing on markets with job and employment growth is extremely important in mitigating risk,” Jeff Friedman, Mesa West co-founder and co-CEO, tells GlobeSt.com. “In our existing loan portfolio, we have seen this occur on the coasts and in local markets with significant tech and energy jobs.  As a result, we have targeted and have been most aggressive in these markets.”