Croesus and Company USA

Croesus USA was founded in 2014. Its formation grew out of CMI’s identification of an emerging desire among some of its clients following the global financial crisis for exposure to real assets in the USA. CMI was well-positioned to be responsive to this demand, as its co-founder Jim Chang had long-standing relationships and past partnerships with the two individuals who became the founding partners of Croesus USA, David Kelly and Dave Boillot. Since its formation, Croesus has invested over $600 million in a residential development program on behalf of two major publicly traded Japanese companies. It is currently focused on identifying distressed opportunities and attractive land positions for next cycle development.