Additionally, during the great recession of the early 2010’s, Mr. Tuck partnered with 2 investors to form the Alegria Real Estate group of investment funds to acquire distressed assets and reposition them for disposition. Over $20mm was raised from numerous investors and Mr. Tuck served as Chief Operating Officer of the private equity funds. The funds generated annualized returns to passive investors of nearly 20% which was considered highly successful during a recession that caused countless bank failures and real estate values to fall by as much as 50% or more.
Prior to founding Bradley Land Group, Mr. Tuck served 5 years as Vice President of Land Acquisition for D.R. Horton (NYSE: DHI, the largest home builder in the nation) in San Diego. Mr. Tuck acquired land for over 3,000 homes in San Diego and Riverside Counties allowing his division to become one of the most profitable DR Horton divisions in the nation with annual NIBT of $125 million from 1,250 home closings. He negotiated individual land transactions as large as $145 million. He directed a talented development team in the acquisition of home sites ranging from single family detached homes to mid-rise condominium towers. As multi-family development began to rise in San Diego County, Mr. Tuck became highly skilled in the design and entitlement of multi-family projects. Mr. Tuck’s outstanding performance was formally recognized in 2003 when he was awarded the prestigious Regional President’s Award for outstanding performance.
Mr. Tuck served The Corky McMillin Companies (San Diego’s largest private real estate development, home building and realty company) for 9 years. He started in the Land Development Department and worked his way up to Vice President of Land Acquisition. In 1994, as the housing industry and The McMillin Companies started their recovery from the housing market correction of the early 1990’s, Mr. Tuck rose to the occasion by helping with efforts to rebuild the Company through strategic land acquisitions. Shortly thereafter Mr. Tuck was promoted to Vice President of Land Acquisition. As Vice President Mr. Tuck managed the acquisition, entitlement, development and build out of two master planned communities in Riverside County totaling 2,800 residential units. Mr. Tuck honed his skills as an expert negotiator in his contracts with guest builders and entitlements with government agencies.
Having received his Bachelor of Art degree with distinction in Geography and a Certificate in Social Science Research from San Diego State University in 1985, Mr. Tuck completed both MBA and MCP course work at San Diego State University.
Mr. Tuck has been committed to the home building industry through out his entire professional career by serving on various boards and committees of the Building Industry Association of San Diego and the Riverside Building Industry Association. He is a member of the California Building Industry Association, the National Association of Home Builders, and holds a real estate brokers license through the California Department of Real Estate.
Mr. Tuck’s interests include sailing, human powered sports, and technology. He actively supports charities such as the Boys and Girls Clubs of San Dieguito (http://www.positiveplacesd.org/) and Amor Ministries (http://www.amor.org).