Ethics are the building blocks of lasting relationships. We continue to build our business based on a simple slogan, "Real People, Real Assets and Real Returns." Our team stands apart from our competitors in our ability to identify outstanding opportunities utilizing our deep network, experience, underwriting skills and best of class joint venture partners. Our team stands apart from our competitors because of our ability to identify outstanding opportunities, as well as our utilization of prior experience, underwriting skills, deep network, and best-of-class joint venture partners.

JP Newman, CCIM has a track record that consists of successfully funding and sponsoring over $100 million in equity and debt for commercial real estate covering a variety of asset classes, including: 2,100 apartment units in California, Texas, and Louisiana; 1,400+ acres of land along Texas State Highway 130 (SH-130); the development of the largest self-storage project in Texas; and the acquisition and management of an 82,000 foot neighborhood shopping center, anchored by Hobby Lobby.

After a successful corporate career as Vice President of Family Entertainment at Sony Home Entertainment, Mr. Newman joined Principals Capital Funding in 2000 and began arranging equity capital. In 2005, Mr. Newman expanded Principals Capital Funding's presence to Austin, Texas from Los Angeles, California recognizing the strong fundamentals in the Central Texas economy. His first joint venture project in Austin was to arrange the Mezzanine financing and Guarantee for the development of one of the largest climatized storage projects in the U.S., Secured Climate Storage (www.securedclimatestorage.com). The project was named Austin Business Journal's "Best Industrial Project for 2007 and achieved stabilized occupancy within its first 18 months of operations.

In 2006, Mr. Newman assembled and led the largest land acquisition in Williamson County's history with his partners, Glenmont Capital and Atlantic Coast Development. This 476-acre master planned, mixed-use tract is known as, The Crossings at Carmel Creek in Hutto, Texas. Mr. Newman and his partners successfully negotiated a $48 million PUD and economic incentive from the city of Hutto in 2008.

In 2007, Mr. Newman led the financing and purchasing of another large mixed-use development along a commercial intersection of the new SH-130, a 275-acre tract located in Lockhart, Texas, connecting Austin to San Antonio. Marketing efforts have recently launched for this Multi-Family, Retail, and Industrial development called "Centerpoint at Lockhart" (www.cplockhart.com). The project will launch when SH-130 opens in late 2011.

Identifying the shrinking credit market early, Mr. Newman launched Principal Capital Funding’s sister division,  First Capital Funding, LLC in 2007 as a private money lender arranging hard/private money loans throughout Texas. The company continues to successfully loan on real estate throughout Texas and has become one of the preeminent real estate companies in Central Texas. (www.fcapfund.com)

In 2010, Mr. Newman identified the first equity opportunity in this new cycle and arranged the completion funding for The Retreat at Northbluff, a new 240-unit apartment building in Austin, Texas.   In 2011, he is continuing with targeting distressed equity and debt opportunities and has recently completed the equity funding for Glendale Park, a 810 unit, REO/Bank Foreclosure purchased in conjunctions with Post Investments.

Mr. Newman is a licensed broker in California and an agent in the State of Texas. He was President of CCIM's Central Texas Chapter in 2010, leading over 270 local members. A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate and must pass all the courses, transaction requirements, and a comprehensive final exam. Of the more than 150,000 commercial real estate professionals in the United States, only an estimated 6 percent hold the CCIM designation. Mr. Newman is a graduate of University of California, Los Angeles (UCLA) and is an avid mountain biker and boater. He and his wife, Janet, enjoy spending quality time with their two young boys.

Robert H. Newman is Vice President of Principals Capital Funding, Inc. He is a graduate of UCLA, and majored in Business and Accounting.

Since 1973, Mr. Newman has been involved in Commercial Real Estate both as an Agent and as a Principal. He has specialized in Joint Ventures, Equity Capital Formation, and the buying and selling of apartments, office buildings and shopping centers.

For 18 years, Mr. Newman was a partner in Jones and Newman, a venture that bought and managed over 5,000 units of apartment buildings and shopping centers, as well as operated major office buildings in the western and southern regions of the United States (Georgia, Texas, and California). One of their crowning achievements was the combined purchase of over 1,000 acres of land in Palm Springs, California from 1983-1986, which they sold at large profits to several major development companies. They retained 300 acres of that land, and in a joint venture partnership with Vista Development Company, developed 186 homes within a master planned community. The venture successfully sold and repaid over $18 million in construction loans over a 3 year period.

In 1997, Mr. Newman founded Principals Capital Funding, Inc., a real estate investment company funded by a group of strong private investors. The company engages in the limited brokering of apartment buildings, retail centers, and private lending under its affiliate, First Capital Realty Services.

Mr. Newman was awarded the Businessman of the Year by the National Chapter of the Republican Party for the State of California in 2006. He is very astute on the economy, has a conservative business approach, and attends many seminars and lectures on the current economy. Although this is a very tough Recessionary Cycle, he believes that in the next year or two, there will be opportunities to buy rental income properties at prices not seen for the past decade. Newman believes these purchases must be made with a "cash flow approach" not "leveraged" at this time.

When Mr. Newman felt it was the wrong time to buy commercial properties in 2009, he started purchasing Foreclosed Homes in South Los Angeles with his in-house Licensed Contractor. He successfully continued this through 2010 and into 2011.

Mr. Newman now feels it is time to concentrate on buying distressed apartment projects. He has a track record of being very successful in rehabilitating apartments in the states of Texas, California, Georgia, Louisiana and Florida.