Richard W. Harris Managing Principal
Rich Harris is the managing principal and founder of Newport Venture Capital. Rich has 25 years of experience in investment and asset management, buying and selling properties, and arranging financing and raising capital for real estate projects. The more than $4 billion in real estate financings he has completed include joint ventures, mezzanine debt, complex ground leases, construction loans, participating mortgages, Fannie Mae/Freddie Mac financing, and long-term commercial mortgages.
Prior to founding Newport Venture Capital in 1996, Rich was a national director of structured finance for GE Capital. He was responsible for originating, structuring, and marketing tax-exempt bond financings for income-producing properties located throughout the United States. In addition, as head of asset management for the Western United States, he was responsible for managing a $1.5 billion portfolio of joint-ventures, direct investments, and leveraged debt financings, as well as the sale and acquisition of assets.
Rich was director of finance for a commercial/multifamily real estate developer in Newport Beach, California, a role in which he arranged debt and equity financing for the firm’s retail, office, and multifamily properties. He has held various corporate finance and real estate lending positions with Wells Fargo Bank and Bank of America in San Francisco, California. Notable transactions include construction financing for the 40-story NBC Tower & City Front Center in Chicago, Illinois, financing to expand the MainPlace Mall in Santa Ana, California, and mezzanine financing to complete the acquisition of a publicly-traded regional airline.
Rich has served as a trustee of the University of California Foundation and as a board member of Habitat for Humanity of Orange County, Riva Historical Society (Milan, Italy), and Riva Club USA. He received a BS from the University of California, Davis. He is an active member of various real estate, investment management, and finance associations.