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 130-plus years in the industry, Monarch’s founding partners have completed over $1 billion in entitlement, development, and direct property investment, encompassing over 14,000 residential units. They have entitled over 2,600 acres of urban and suburban infill land for over 5,500 approved residential units as well as commercial and industrial uses in Western U.S. markets with high barriers to entry. They have also acquired or developed over 8,700 residential units, including over 6,900 high quality apartments.

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.

From 1997 through 2009, Monarch has achieved significant returns on realized investments, which is 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 equity partners, debt partners, and joint venture partners.