MOUNTAIN REAL ESTATE CAPITAL ACQUIRES SAN DIEGO ASSET IN JOINT VENTURE WITH DAVIDSON COMMUNITIES

SAN DIEGO, Calif.?Sept. 15, 2010?Mountain Real Estate Capital (MREC) continues the success of its opportunistic investment platform with the closing of a joint venture with Davidson Communities. The joint venture purchased The Sentinels at Del Sur subdivision located in San Diego, Calif. from Bank of America.