Rick Caruso

Overview

Rick Caruso is a renowned business innovator, dedicated civic leader, and philanthropist. As the founder and Executive Chairman of Caruso, he has developed the company into one of the largest and most admired privately held real estate firms in the United States. Under his leadership, Caruso has achieved a compounded annual growth rate of nearly 20% since its inception. The company's portfolio includes internationally renowned and award-winning retail, residential, and mixed-use properties, as well as the Forbes Five-Star resort hotel, Rosewood Miramar Beach in Montecito, California. Caruso's development approach focuses on creating timeless luxury destinations that reflect the unique fabric of the communities they serve. His properties, such as The Grove in Los Angeles and The Commons at Calabasas, have consistently outperformed traditional shopping destinations, with sales per square foot three times higher than the industry average. In addition to his business ventures, Caruso has been actively involved in public service and philanthropy. He has served as the president of the Los Angeles Police Commission and as a commissioner for the Los Angeles Department of Water and Power. He is also the chair of the board of trustees at the University of Southern California.

Investment Focus

• High-quality real estate assets
• Prime locations
• Strong community integration

Portfolio Companies