Rancon’s 40 Year Syndication History
Rancon was formed in 1971 for the sole purpose of forming real estate partnerships to acquire land in the Inland Empire area of Southern California. During the decade of the 70’s, Rancon formed over 100 small Private Land Partnerships that acquired, entitled, subdivided and sold land for its partners. Rancon also formed fourteen public partnerships; thirteen of which acquired over 5,000 acres of land planted with avocados. By 1976 these Rancon Partnerships combined, were the largest grower of avocados in the world. Then in 1979, Rancon’s fourteenth public partnership, called Green Gold 79, acquired 2,167 acres planted with navel oranges. This ranch was the largest navel orange ranch in the world. With the change in the tax laws in the late 1970’s, Rancon discontinued its public syndication efforts and withdrew from the public syndication business until 1982.
During the decade of the 80’s, Rancon formed approximately twenty-five private partnerships, most of which purchased land. Approximately 5% developed their land into commercial, industrial, or retail buildings and/or apartments. In 1982, Rancon began forming a series of Development Funds and from 1982 to 1989 formed seven large SEC registered public Limited Partnerships. Between these seven partnerships, Rancon raised approximately $400,000,000 in capital and became the largest land syndicator in the United States. With the tax law change in 1987 and the severe recession that began in 1988, this type of real estate syndication, limited partnerships, came to a standstill. As a result, Rancon discontinued forming Public Partnerships and stayed out of that segment of the business until 2001.
The decade of the 90’s were challenging years for real estate investors and companies as we went through a very severe recession lasting approximately seven years. 
However, in hindsight, what a magnificent time to buy. During that decade, Rancon only did five private offerings and no public offerings. The bright side is that two of our private offerings acquired $300,000,000 in Notes from the Resolution Trust Company (RTC) at a significant discount.
All these Notes were secured by land projects in Southern California and we took possession of the real estate. We then did what we do, which is to create value through the completion of entitlements and sale of the assets, generating over 300% profit to our investors. The other three partnerships formed this decade purchased land, entitled it and sold it at a substantial profit for its investors.
By the first decade of the 2000’s, it was time again to start aggressively acquiring land and forming partnerships. We made our first acquisition in Winchester Valley where we optioned 348 acres and later formed three partnerships called Rancon Winchester Valley 63, LLC; Rancon Winchester Valley 200, LLC; and Rancon Winchester Valley 85, LLC. During this ten year period we formed approximately fifteen land partnerships.
What’s in store for the next decade?
This country has been in a deep recession since 2007. However, most experts feel we have reached the bottom of the cycle. We, at Rancon, are convinced that now is the time to aggressively acquire property. As a result, we are committed to re-entering the public offering arena and for the fourth time, our company is gearing up to raise capital through security firms that sell direct placement investments.
We look forward to this next decade and the opportunities that lie ahead. There is no doubt that Rancon’s forty years of experience in forming real estate partnerships to acquire, entitle and develop land in the Inland Empire, provides us with the knowledge and expertise to perform well for our investors.