The Fund’s leadership is comprised of prominent Southern California business leaders with extensive contacts in the real estate community.
The Fund is managed by Jeff Burum and Matt Jordan, partners in the Diversified Pacific Development Group. At the peak of the real estate market in 2005, they sold off most of the company’s holdings to reposition for a market downturn. As the second phase of that strategy, they formed the Diversified Pacific Opportunity Fund to capitalize on the historic opportunities we see today.
Mr. Burum is one of Southern California’s most prominent business leaders, with more than 30 years of experience in commercial and residential real estate. A graduate of Claremont McKenna College, Burum is the founder of three successful real estate companies. As a managing partner of a land investment group, he has developed a 400-acre community featuring more than 1,000 home sites and over a million square feet of commercial space, much of which is occupied by nationally known tenants. In 1991, using his own resources, he founded a nonprofit organization with the goal of providing quality affordable housing and community centers that offer onsite job training, day care and other social services. Eventually, he expanded his nonprofit affordable housing enterprises, creating National Community Renaissance (CORE), the third largest provider of affordable housing in the United States. Since 1992, CORE has acquired or built more than 12,000 multifamily-units nationwide, and currently provides housing and vital social services for more than 30,000 residents. CORE was rated the number one non-profit developer in 2009. Burum was one of twenty two real estate professionals in the nation appointed by the U.S. Congress to serve on the Millennial Housing Commission, whose mission was to make recommendations on Federal housing policy to legislators. Burum is active in civic affairs and serves on a number of boards, previously having served on the board of AIG Sun America’s Asset Management Company. In this spare time, Burum coaches youth sports. He has been a youth basketball and soccer coach. To boost local enterprise and athletic opportunities in the region, Burum recently acquired ownership interest in a local professional indoor soccer team.
As co-founder of Diversified Pacific Development Group, Diversified Pacific Communities, and Diversified Pacific Opportunity Fund, Matt Jordan is responsible for managing these companies’ real estate operations, as well as their administrative and financial affairs. A graduate of the University of Illinois, Jordan has more than 27 years of experience as a certified public accountant. He served as a tax partner with the international accounting firm of KPMG Peat Marwick, as well as managing partner for Swenson Corporation, a regional public accounting firm, where he focused on tax and business consultation. Jordan is a past President of the Baldy View Chapter of the Building Industry Association of Southern California and remains active in multiple industry organizations. He participates in many local charitable organizations and is particularly proud of his association with Children’s Fund, a public/private partnership that serves at-risk children in the Inland Empire. Jordan has served multiple terms since 1988 as both a board member and Chairman of the Board of Directors.