Benedict Canyon Equities (BCE Properties)

A Multifamily Real Estate Investment Company

Real Estate Specialization
Multifamily
Urban Infill
Investment Type
Equity syndication/Club Deal
Acquisition/Fee Simple
Investment Style
Core
Value-add
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President & CEO

Ryan Somers

As President of Benedict Canyon Equities, Inc. (“BCE”), Ryan Somers oversees all aspects of the company. He has over 20 years of real estate acquisition experience, and has completed over $1.6 billion in multifamily transactions during his career. Since joining BCE in 2009, he has directed the acquisitions of 83 properties consisting of over 8,080 units valued at $1.1 billion. Under his tenure, Ryan has grown the company’s portfolio to $1.3 billion. During the recent economic downturn, his investment expertise created a multitude of opportunistic ventures: buying out distressed partnerships, recapitalizing underperforming properties, and acquiring distressed assets which since have become some of BCE’s top performing properties. Ryan was integral in the genesis of BCE Opportunity Fund I and BCE Opportunity Fund II, raising $11.2MM and $26MM of equity, respectively. Both are highly successful private equity funds with 27 properties currently under management. Both funds are fully invested and current on an 8% preferred return to the investors. In addition, Fund I has distributed $11MM to its investors. Given current asset performance, the projected return to the Fund I and Fund II investors will be between 2 and 2.5 times original equity. In March of 2015, Ryan led BCE in the launch of Multifamily Opportunity Fund III. By August 1st, 2015 the firm had raised $47 million of general partner equity to invest in Fund III assets, and the fund has acquired its first asset and has two more assets under contract. Prior to joining BCE, he served as Vice President of multifamily sales and acquisitions at RK Properties, a private equity firm in Long Beach, CA. He facilitated the closings of over $500MM in multifamily assets in Southern California, Arizona, Nevada, Colorado, and Utah. Ryan began his career in real estate in 1994 at the San Diego office of Marcus & Millichap. Ryan received a B.S. in Business Administration with an emphasis in Real Estate from San Diego State University

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Managing Director

Lydia Monroy

As Managing Director of Benedict Canyon Equities, Inc. (BCE), Lydia Monroy is responsible for the operations of the firm, including portfolio management, investment analysis and strategy, investor relations and reporting. Her disciplined and rigorous approach to the implementation of business plans for each asset has been a core factor in the high performance of both BCE Opportunity Fund I and BCE Opportunity Fund II. Lydia spearheaded a unique approach to fund management working to create performance models and financial reports, which assisted asset managers and investors in understanding past performance and future targets for cash flow and investment return. Since joining the firm in 2011, Lydia has directed the acquisition of 37 apartment communities throughout California and Colorado valued at over $745 million. These transactions have included value-add assets, REOs, distressed debt, and recapitalizations. In 2013, she oversaw $180 million in dispositions returning over $30 million to investors. Her detailed mindset and creative approach towards forecasting produced a net project profit for dispositions of over $30 million. She is the point of contact to all limited partners, cultivating strong ties with investors who have become loyal to BCE’s trademark multifamily investments. Prior to joining BCE, Lydia was the Director of Acquisitions at Roman Group, LLC, where she syndicated multifamily investments throughout Los Angeles. Previously, she was with the distressed debt and special situations investment group at AIG Investments where she underwrote residential non-performing loan portfolio purchases and was a key member of the European acquisitions team focusing on market research, financial analysis and due diligence. Lydia received a B.A. in Psychology from Yale University and an MBA from UCLA Anderson School of Business. She was recently honored as “Top 40 Under 40” by the Toigo Foundation. Lydia is an active member of the Urban Land Institute, the Yale Alumni Fund, and the UCLA Ziman Real Estate Alumni Group.

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Director of Acquisitions

Robert Alexander

Mr. Alexander has more than a decade of acquisitions and dispositions experience specializing in the Western United States. Over his career he has been responsible for $498 million in multifamily acquisitions and dispositions. Mr. Alexander joined BCE in 2017 as the Director of Acquisitions and is responsible for spearheading the identification and acquisition of multifamily assets in the desert and mountain regions. Prior to joining BCE Mr. Alexander was Director of Acquisitions and Dispositions for RK Properties, a multifamily syndicator specializing in class A and B value add assets. Mr. Alexander led the investment platform where he oversaw all acquisitions and sales including the structuring and completing of 1031 exchanges, collaborating with the in-house securities team to structure individual investments to suit investor demand, provide support during third party broker dealer due diligence at the sponsor level and development and implementation of the individual asset level business plans for all properties acquired. Mr. Alexander began his career as an Acquisitions Agent with Pacific Growth Property Acquisition and Development in their San Diego and San Francisco offices where he gained expertise in asset acquisitions, dispositions and 1031 exchanges. Mr. Alexander graduated with Cum Laude Honors from the University of San Francisco with a Bachelor’s Degree in Business Administration with a special focus in Finance and holds a California Real Estate sales person license.

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Senior Director – Acquisitions

Amit Patel

As the Senior Director of Multifamily Acquisitions for Benedict Canyon Equities, Inc., Amit Patel is responsible for the acquisition of investment properties for the firm, including identifying and targeting locations and product types, and creating the business plan for each acquired property. Mr. Patel is a specialist in the multifamily real estate industry, with more than a decade of experience in multifamily acquisitions, dispositions, management and brokerage. Since joining BCE in October 2014; he has led the acquisition and execution of over $1.2 billion of multifamily properties for Benedict Canyon Equities, Inc., and has played a key role in the expansion of Benedict Canyon Equities, Inc., multifamily platform into Arizona, Nevada, and Washington. Prior to joining Benedict Canyon Equities, Mr. Patel was an Acquisitions Manager at Passco Companies LLC, an Irvine based real estate firm focused on multifamily investments across the country. His primary at responsibly at Passco included sourcing, underwriting, conducting financial, operational and market due diligence, and developing a business plan for new acquisitions. In less than four years, he sourced and acquired over 4,000 units across multiple states representing a total consideration of approximately $500 million. Prior to joining Passco, Mr. Patel served as an Acquisitions Analyst for Western National Realty Advisors, where he managed the acquisition, disposition and due diligence of multifamily assets for large funds with national clients. Mr. Patel began his career as a multifamily broker, where he gained invaluable experience in the Southern California commercial real estate market. He holds a Bachelor of Science in Marketing from California State University, Fullerton, and is a member of Urban Land Institute (ULI).

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Chief Operating Officer

Nicholas Matus

As Chief Operating Officer of Benedict Canyon Equities, Nicholas Matus manages the performance and operations of BCE’s Opportunity Funds and Syndications. He directs investment strategy, oversees business plan implementation and advances investor relations. He also serves as a member of the Investment and Executive Committees. Nicholas has experience in all facets of real estate investment, including acquisition, disposition, asset management, and portfolio management. Prior to joining BCE, Nicholas served as Vice President of Global Assets, Real Estate Americas at J.P. Morgan. He managed a $1.4bn portfolio of equity and debt investments in residential, retail, and industrial assets on behalf of the company’s core, value add and opportunistic real estate funds and separate account clients. He oversaw the management of 6,000 apartment units and 1.3mm square feet of commercial space. Further, he directed $450mm in real estate transactions and $300mm in asset recapitalizations. He began his career in land acquisitions and construction at MRL Construction, L.P. in Dallas, Texas. Nicholas received his MBA from the Cox School of Business at Southern Methodist University (2007), concentrating in finance and real estate. He holds a BA in legal studies from the University of California at Berkeley (2005). Nicholas is a member of the National Multi-housing Council (NMHC), participates in the Jewish Federation of Greater Los Angeles and holds a California Brokerage License.

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Investor Relations Director

David Levy

Key Focus Areas
Asset Management Property Management Individual Investors
Geographical Area
Mapped Location