SIMEON is a family of real estate companies dedicated to building and maintaining an organization that effectively capitalizes on investment opportunities created by changing local market conditions. SIMEON's goal is to achieve superior investment returns for its clients, partners and employees through the development, investment and management of commercial and residential properties in both the San Francisco and Denver Metropolitan Areas. SIMEON is managed by a team of highly qualified and seasoned real estate professionals whose philosophy for success is to attract qualified people, create solid industry relationships and build an outstanding reputation through commitment to excellence and superior customer service. It is with this philosophy that SIMEON is able to successfully complete projects on time and on budget, while consistently achieving the best results for its investors and partners.
Multifamily |
Office |
Industrial |
Retail |
Residential Income |
Acquisition/Fee Simple |
Multi-property portfolios |
Core+ |
Value-add |
Development |
Mr. Pitto formed SIMEON in 1984. Since SIMEON's founding, Mr. Pitto has successfully deployed over $1.5B of institutional capital across a broad spectrum of real estate assets. Under his leadership, SIMEON has developed over 4M SF of office, bio-tech, retail, and R&D projects. SIMEON's Principals have master planned and developed numerous communities consisting of 11,500 finished lots and is currently developing 2 high-rise multifamily projects, one in San Francisco and the other in Silicon Valley. Over the years Mr. Pitto has cultivated strong institutional capital relationships, both on the equity and debt side. He was one of the earliest pioneers of merchant build, development venture structures commonly used in the real estate private equity world today. Mr. Pitto has worked tirelessly in firmly establishing SIMEON as one of the premier private real estate development and investment firms in Northern California. Prior to SIMEON, Mr. Pitto practiced law in San Jose for 13 years and was one of the founding partners of Humphreys, Berger and Pitto, a firm dedicated to business, commercial, and real estate law. Mr. Pitto currently serves as a Trustee for the University of San Francisco and is the Vice Chair of the Facilities and Planning Committee. He also sits on the Academic Affairs Committee. Most recently, Mr. Pitto served on the Board of Mercy Housing of California for 10 years, the last 4 years as its Chairman. Mr. Pitto also served on the Advisory Board of Institute of International Education. Mr. Pitto is an active member of Urban Land Institute. J. Russell Pitto received a B.A. from the University of San Francisco and a J.D. from Golden Gate University of Law.
Mr. Kim joined SIMEON in 2008 bringing with him high density residential, mixed-use development experience. Mr. Kim began his real estate development career with Pulte Homes (NYSE:PHM), working with their Urban Group where he performed acquisition, entitlement and land development work. After Pulte, Mr. Kim joined BRE Properties (NYSE:BRE) in San Francisco as the firms Director of Acquisitions where he was responsible for sourcing, negotiating, underwriting and developing mixed-use projects in the San Francisco Bay Area and Seattle Metro regions. While at BRE, Mr. Kim contributed significantly to the firms $2B+ development pipeline which stands among the largest in the industry. At SIMEON, he is currently overseeing $250M multi-family development pipeline. Prior to his career in real estate, Mr. Kim served the nation as a Naval Officer for 7 years leading maritime missions and expeditions in Europe, Middle East, South America, and the Far East. Mr. Kim currently serves on a TOD urban planning committee and Chairs the 3rd District U.S. Naval Academy Congressional Nomination Board. Most recently Mr. Kim served on the board of NAIOP San Francisco. Mr. Kim received his B.S. in Political Science with concentration in General Engineering from the U.S. Naval Academy at Annapolis and his Master's Degree in Planning and Development from the University of Southern California.
Mr. Setzer first joined SIMEON in 1997 and is a 30 year veteran of the commercial real estate industry. Mr. Setzer brings a broad spectrum of experience and his responsibilities at SIMEON include acquisition, disposition, leasing, and asset management of commercial properties. Mr. Setzer began his real estate career as an office leasing broker with Cushman & Wakefield. After Cushman & Wakefield, he spent the next decade developing, leasing and asset managing office and industrial properties for Bedford Properties and Paragon Group in Northern California and San Diego. Subsequently, Mr. Setzer became Senior Vice President at Maier Siebel Baber where he directed all acquisitions, dispositions and financings for all office properties owned and/or managed by Maier Siebel Baber throughout the Western United States. During this time, he was additionally responsible for the asset management division of the firm overseeing a multi-state office portfolio of approximately 30 buildings totaling more than 4M SF. Mr. Setzer received his B.A from the University of California at Berkeley with concentration in Business Administration and Political Science.