About Us

Mountain Capital Group (“MCG”) is confident that multifamily housing in specific geographic markets and submarkets will be the most profitable and safest segment of real estate investing to be focused on for the next several years.

Mountain Capital Group is and has been  an opportunistic real estate fund manager and syndicator who for the past 20 years have found unique investment opportunities for its investors.  Robert J. Alexander and Ellen Bellandi Alexander are the two founders and principals.

During the mid 1990s through 2007 MCG concentrated primarily in equity funding for large scale residential subdivisions primarily with  homebuilders in Colorado, Nevada, and California. The majority of the projects were located throughout California.  MCG funded 40 subdivisions totaling roughly 6,800 housing units and raised about $200 MM of equity for total project value of approximately One Billion Dollars.

During that same period Mountain Capital Group purchased, rehabbed and sold off roughly 400 apartment units as general partner and another 300 units as an investor.  These projects were also located in California.   MCG decided to exit the apartment business when cap rates dropped to 4.5% and at the time sold off all its projects resulting in doubling  investors’ equity.

Simultaneously, Mountain Capital Group created a model home sale-leaseback program and purchased about 50 homes that were used to showcase the builder subdivisions while the homebuilders were selling homes in the tract.  At the end the homes for our investors generating substantial profits while paying from 10% to 12% of the purchase of the home annually during ownerships as a lease payment inclusive of all expenses.

In October 2009, Mountain Capital Group created a new investment vehicle, under a new corporate name – Pacific Coast Capital Advisors (“PCCA”), which bought, rehabbed and sold single family homes purchased at auctions in the Inland Empire. In a one year time frame the company purchased 50 homes, renovated them and sold them out within an 18 month operating period, generating an average return per house of about 9% and an IRR of about 25% over the period.

PCCA decided to exit the business at the end of March 2011 as profit margin compression had reduced the individual profit per house to 5% or less due to concessions demanded by the homebuyers and a longer selling time resulting from weak buyer demand and increased competition.

Coming full circle, the principals decided that multi-family is a sound investment given the current low interest rate environment, the current and probable continued future demand for rental housing. This demand is likely to continue for several reasons; the inability of many home buyers to qualify for a loan, the desire of many to live near their employment; uncertainty of continued employment and the potential to be forced to relocate for employment reasons; finally the Gen Y and young professionals who are starting a family later in life and the desire to live in an environment where “maintenance issues” are taken care of” for them.   Denver, Colorado represents a viable market due to its low vacancy rate, high rental rates, supply/demand  restraints and a young, highly educated urban workforce. Statistics indicate that the average age of employed people in the Denver area is 31.

Based on our analysis, we feel that Metro Denver has unique opportunities to purchase, renovate and liquidate apartment projects in a 5 to 10 year time frame.