Wealth in the Region

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A Look Inside with Those Who Know

Edited by Carol Chamberlain

The Sacramento Metro Market is a sophisticated web of wealth streams that demand a much broader definition then real estate accumulation. Although still a very significant source of income — from billion dollar land deals to individual “flippers,” the wealth picture is now more textural and includes entrepreneurs expressing themselves and getting rich in technology, medicine, and in a variety of other industries.  

     Prosper examines the new wealth of an emerging marketplace by gathering experts who are doing a growing business because of it. They represent a sampling of our region’s most prominent professionals in Real Estate, Venture Capital, Private Equity, Money Management, Private Banking and M&A Advisory Services. They share their perspective on the wealth that currently exists in the region and how the magnitude and demographics are changing with colleague Jason Bell, CFA, an associate with Legacy Capital Management and the president of CFA Society of Sacramento.    

     Alan Gianini, senior managing director, Sacramento area, CB Richard Ellis, suggests that simple observation is all that is needed to see the transformation. “A comment I thought telling was when they opened the Serrano golf course, the old boys of the Sacramento  real estate group could hardly recognize any of the new members.  They weren’t from the real estate community.  They wondered where all of these people were coming from. The fact is, they are from Intel, Level One or other spin offs. So the region (power brokers) has changed.”  

     “We do have a combination of the old and new and I’m working on the part that’s new. I think one of the strengths of Sacramento is that we have many different things going on and that attracts many different kinds of people to come to the region, remarked Scott Lenet, managing director, DFJ Frontier, a venture capital firm. “UC Davis is graduating more life science PhDs than any other school in the country, and there is an historic deep interest in new technologies in California that naturally extends into this region. Sacramento being a government town already defines strong diversification. That is an interesting conflict.  
Continued...

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