Burum is an established business and thought leader in Southern California, with more than 30 years of experience in commercial and residential real estate development. In 1990, Burum co-founded Diversified Pacific. Diversified’s core business is the entitlement and development of land and homes.
In 2008 Burum formed the Diversified Pacific Opportunity Fund I, which has controlled more than $100 million of land for entitlement and development. The fund has consistently delivered to a group of more than 200 investors profitable investment opportunities.
With a passion for providing housing at all income levels, in 1991, Burum co-founded Southern California Housing Development Company, now known as National Community Renaissance (CORE). Today, CORE is the third largest provider of affordable housing in the country with a portfolio of over 12,000 residential units with total asset value in excess of $2 billion.
In 1997, Burum formed The Colonies Partners, L.P. to purchase, plan and develop a 447 acre mixed use masterplan site in Upland, California, transforming a large open pit gravel operation into a world class masterplan. At completion, the commercial center known as Colonies Crossroads included more than 1 million square feet of buildings, much of which are leased to nationally ranked retail companies. The residential build out included more than 700 homes and apartments.
Burum, a graduate of Claremont McKenna College, is well known for his support of philanthropic endeavors throughout the Inland Empire. He has also served on a number of boards, including AIG Sun America’s Asset Management Company and Golden State Bank. To boost local enterprise and athletic opportunities in the region, he invests his time and finances as a majority owner of the Empire Strykers, a professional indoor soccer team.
