Matt DiNofia is a real estate developer and founder of La Jolla Development Group LLC.
Matt DiNofia is the owner and lead real estate developer of La Jolla Development Group LLC. He is an accomplished businessman who has proven himself as a massive contributor to the community through his services. Not only does he provide excellent living arrangements through his real estate business, but Matt is also a philanthropist who regularly donates his time and money to worthy causes. He is a youth sports coach and regular donor for various charities, always willing to give back to those in need. Outside of these endeavors, Matt is a devoted father and active practitioner of Gracie Jiu Jitsu.
Matt is known in the real estate industry for his outstanding work and business-oriented attitude. He is a firm believer in giving 100 percent effort in all of his work endeavors, and he never lets quality diminish in his services. People have complimented him on his tenacity and desire to get the job done perfectly. Matt is also recognized for his ability to conduct effective research, his excellent marketing skills, having full awareness of the industry, his superior products, and for providing outstanding service.
Some of the topics that Matt holds expertise in include Jiu Jitsu, youth coaching, real estate trends and habits, and the West Coast real estate market. A jack-of-all-trades, Matt is an excellent resource for a variety of topics and is always willing to lend his talents to people in need.
Matt DiNofia is a licensed real estate broker and is also a member of several associations related to his line of work and hobbies. These organizations include the Golf Course Owner’s Association, the Building Owners & Managers Association, and the Young Presidents’ Organization.
Matt DiNofia is a graduate of San Diego State University, where he completed his bachelor’s degree in business finance. Right after graduating, he became a licensed real estate broker and opened up his own business, known today as La Jolla Development Group LLC. Since its inception in 1995, Matt’s business has become a prominent West Coast real estate company that has produced plenty of satisfied clients. His company’s main focus is the acquisition and turnaround of commercial, hospitality, and golf properties.
Other business ventures of Matt DiNofia include developing single-family homes all around the San Diego market. He was also instrumental in the redevelopment of various multifamily projects. His core business model involves purchasing income-producing assets that are able to provide operating cash flow, but still offer substantial upside returns. The team at La Jolla is able to do this by renovating or repopulating properties with tenants, or by repositioning assets.
Matt hosts a wide range of expertise in the real estate market, and he is particularly adept at increasing income of real estate properties. His efforts have led to returns of up to 600 percent on assets that were previously owned. He is an expert in the realms of acquisitions, redevelopment planning, regulatory issues, financing projects, and leasing and property management. His work spans across most of the West Coast, and he was recognized for his involvement in over $200 million and five million square feet of various properties in the area. These properties include golf courses, residential structures, commercial sites, and hospitality areas.
From 2008 to 2013, Matt DiNofia became an expert in the field of financial restructuring of debt. He did this either through lender workouts or through Chapter 11 bankruptcy positioning. Every single case he participated in came out successful and in his favor, and he was able to reposition hundreds of assets at more favorable terms commensurate with the value of the assets. If he did not reposition the assets, he instead sold them and generated positive cash flow to their companies and strengthened their balance sheets.
Since 1995, Matt DiNofia has led La Jolla Development Group through vast success due to his excellent business management skills and an astounding team standing behind him. Below are some of the core members of the management team at the real estate firm.
- Brian Baker – Property Management and Leasing Specialist
- Bob Hilber – Chief Operating Officer
- Eun Park – Finance Manager
- Geoffrey DiNofia – Maintenance Manager
- Ignacio Hernandez – General Superintendent
- Jason DiNofia – Property and Leasing Manager
- Dorene Schiavone – Director Development Services
- Valeria Katauskas – Accounting Manager
- Alan Gaswirth – Vice President Accounting
La Jolla Development Group is recognized as a large-scale, full-service real estate holding company that provides numerous services such as assisting with:
- Property management
- Sales and leasing of both commercial and residential properties
- Ownership, operations, and management of resorts, private country clubs, and golf courses
Matt and his team are devoted to maximizing value for their clients and investors, so they consistently strive to maintain an exceptional level of service that is further enhanced by the staff’s knowledge and expertise.
The team behind the La Jolla Development Group is committed to helping the West Coast real estate market, but they also find it important to assist the community. The company is an active contributor to various organizations and efforts such as the ones listed below.
- Boys and Girls Club
- The First Tee
- Children’s Miracle Network
- Multiple Sclerosis Society
Matt DiNofia believes that La Jolla Development Group has made a huge impact in its industry. People can now invest in property according to their own terms rather than according to government regulations. The company invites and accepts discussions on any performing loan acquisition assets as long as they fall within certain parameters:
- Individual loans are between $100,000 to $100 million
- All collateral types
- Assets that are located anywhere within the United States
- Portfolio purchases are between $10 million and $500 million
- Assets that are considered “environmentally troubled”
- Assets that have high LTV or low DSCR
DiNofia and his team are standing by to help people with any questions they may have regarding their real estate development projects.
Matt DiNofia is looking to expand his business even further in the future. He is currently working on several land development projects in addition to his expansion plans. His company is going to continue building the same properties related to its line of work while updating and adding services wherever they are needed.
La Jolla Development Group’s past endeavors have influenced the company’s future pursuits, and Matt hopes to make similar steps in the next few months. For example, in 2004, the company purchased the 140-room Lake San Marcos Resort and Country Club and then started a redevelopment plan. Since the purchase, Matt DiNofia and his team have made extensive improvements to the property including upgrading the clubhouse, renovating the rooms, and hiring new management personnel. By now, the property sports such additional features as:
- Full-scale conference center
- Scenic views for weddings
- Full catering services
- Dining availability at the Quail and Gordon’s on the Green
- North Golf Course designed by Harry Rainville
- Executive South Course
La Jolla still has large plans for this property and hopes to further improve its aspects by adding features that will attract more guests.
The company’s Resort and Golf Division owns and manages four separate 18-hole golf courses along with three private country clubs, a 140-room hotel with a conference center, four restaurants, and banquet and catering facilities. Matt DiNofia seeks additional opportunities in the leisure and golf industry and hopes that his company can help develop more of these types of properties in the future.