JMI Realty is a private real estate investment and development company that was organized in 1992 as the real estate investment subsidiary of JMI, Inc. Since inception, JMI Realty has pursued investment and development opportunities across all product sectors with a specialization in lodging and an expertise in processing complicated urban, mixed use development projects. In 1998 JMI Realty was appointed by the City of San Diego and the San Diego Padres to act as the Master Developer of the Ballpark District (resulting in over $3.0 billion of redevelopment). In addition to its role in the Ballpark District, JMI Realty has also been active in developing hotel, multifamily and office projects outside of downtown San Diego. JMI Realty currently manages a real estate investment portfolio valued at approximately $800 million. JMI Realty has sold approximately $550 million of land, office, hotel and multifamily investments over the last several years.