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Institutional <br />Developer with <br />Multi-state experience <br />Coinciding with the lax law reform in 1986, Mr. Ip lefl Pacific Realty and started Genesis Real Estate <br />Group. Genesis and BalcorAmerican Expressembarked on a multifamilyenlitlement and development <br />joint venture. In 1987, Genesis began its long history of project development and entitlements in <br />California. <br />Its first transaction involved a nuthitract entitlement in the city of Corona, Calif. Genesis entitled <br />four large multifamily tracts of land totaling more than 1,200 units and implemented a Mello- <br />Roos infrastructure plan. Acting as general contractor, Genesis built two developments, a 330-unit <br />development called The Crossings and a 248-unit development called The Hilis.'Ihcy were purchased <br />by two major institutional players, CALIPERS advised by Metric Partners (Blackrock Realty Advisors) <br />and Executive Life Insurance Company. <br />In addition, Genesis navigated dvu environmentalists and neighborhood groups amidst native oaks <br />and entitled 476 units ofmultifamily land in Roseville, Calif Genesis also assembled 20+ separate tracts <br />totaling 200 acres and created a master plan in Rancho San Marcos, Calif. <br />In 1989, long before high-rise residential buildings were commonplace, Genesis expanded its urban <br />focus, zoned and built a 288-unit, 14-story, high-rise condominium in downtown San Francisco, one of <br />the first developments south of Market. Mr. Ill was part of the Ballpark Commission, a neighborhood <br />group that lobbied the Giants to move from Candlestick to its current SOMA location. <br />75B-29