Chenco is a real estate asset and fund management company that strives to create long-term value for our investors and shareholders through U.S. real estate private equity fund management and real estate operating company investments.Founded by Derek M.D. Chen in 1991, we have been involved in all facets of real estate, including industrial and housing development, office and multi-family residential repositioning, and executive office suites operations. Our total transaction value has surpassed US$13.5 billion over the past 29 years.As a cross-Pacific platform with ample experience in venture capital investment, we have additionally invested in several successful real estate businesses operating in the United States and the Greater China Region.We operate from offices in Irvine, Las Vegas, Taipei, and Beijing.Our senior executives have decades of experience in the sectors in which we operate. Our professionals hold degrees from top-tier universities in the United States, received training in Western institutions and possess an intimate knowledge of both the Greater China and the U.S. markets.
rental units currently owned
We strive to become a premier real estate financial services group that seamlessly connects foreign capital to the U.S. real estate market. Our goal is to provide market-leading investment management and advisory services, and consistently deliver higher-than-market risk-adjusted returns to our clients.
Pacific Rim Properties Fund Series
This group of funds started in 1992 as a conduit for friends and family to invest in U.S. real estate. Chenco has built co-investment relationships with numerous top-tier institutional investors in the United States. Pacific Rim Properties Funds focus on value-added strategy in commercial real estate, and primarily invest in properties in the west coast and the Sun Belt region.
Pacific Rim Properties Land Fund Series
The Land Fund Series focuses on residential land development, aiming to seize the opportunity created by the shortage of single-family residential land lots supply in the United States. The strategy is to purchase raw lands, acquire development permits, finish infrastructure and in the end dispose of the land. Most of our investments are located in California. Land Fund 1, in partnership with Newport Pacific Land Company (“NPLC”), closed in 2016 and acquired four properties. We are in the process of raising Land Fund 2 in partnership with IHP Capital. Land Fund 3, also in partnership with NPLC, is in process of fund raising and has acquired one property in California.