A history of success. A future of opportunity.
Monarch Group is a private real estate investment and development firm located in La Jolla, California. Monarch was established in 1997 as a partnership of Rodney F. Stone, William “Patrick” Kruer, George “Tim” Kruer, and Ryan E. Stone, who each have decades of hands-on real estate entitlement, development, direct property investment, and property management experience.
Over their combined 140-plus years in the industry, Monarch’s founding partners have completed over $1 billion in real estate entitlement, development, and direct property investment, encompassing over 18,500 residential units in Western U.S. markets with high barriers to entry. They have acquired or developed over 10,800 residential units, including over 7,600 high quality apartment units. They have also entitled over 3,500 acres of urban and suburban infill land for over 7,700 approved residential units as well as for commercial and industrial uses.
Monarch’s founding partners have been actively involved in all phases of the real estate planning, development, construction, and property management processes, including overseeing several master-planned communities, multifamily and single-family housing, mixed-use projects, as well as business and industrial projects from the very beginning through the planning, development, construction, lease-up, and stabilization stages to the final sale. Additionally, their workout experience has extended across multiple asset types and assignments, including land, master-planned communities, apartments, condominiums, and commercial developments for clients including the Resolution Trust Corporation and Great Western Savings & Loan.
Monarch’s founding partners are highly regarded as land entitlement specialists having successfully undertaken complex problem sites, rezoning, environmental concerns, and processing demands.
The investment track record of Monarch’s founding partners demonstrates longevity, fiduciary responsibility, and alignment of interests—a testament to the founding partners’ dedication, unparalleled hands-on real estate development and operating expertise, strong community relationships, and opportunistic investment approach honed over 40 years. As a result, Monarch has earned an excellent reputation with its community and capital partners.