Rutherford was founded by Bill and Tracey Raymond in 1989. It was founded as an acquisition company with the goal to acquire high-quality real estate in Northern California. Over the next decade, the Raymonds grew Rutherford and experienced much success as it was fulfilling its original vision. Part of Rutherford’s success can be attributed to the business relationship that grew between Bill Raymond and Patrick Mockler. Patrick was a top-performing multi-family broker at Marcus and Millichap. Rutherford quickly became Patrick’s top client. In 2004 Patrick Mockler became a partner at Rutherford to grow the organization and expand its reach. Bill’s goal was to have Patrick take over and run Rutherford in the future. Patrick soon became a Co-General Partner and was instrumental in turning Rutherford from being an acquisition company that would buy, renovate, and sell to a company with a vision to build and own a generational portfolio of assets.
Under Bill and Patrick’s leadership, they grew Rutherford to be a leader in the multi-family housing and manufactured housing industry in California. While multi-family investments were well understood in the investment industry, manufactured housing was a cottage industry and not well known. Through their foresight and experience, they realized that manufactured housing was a unique asset class that was extremely special and was a great fit into the investment strategy and risk profile of Rutherford’s investors. Additionally, Rutherford had grown into a fully integrated Real Estate Investment Company with in-house Asset Management, Property Management, Investor Relations, Forward Planning, and Accounting.
In 2014, Bill passed away. The visionary and affable founder had left an indelible mark on the company, community, and industry.
In the years leading up to Bill’s passing, Patrick had taken the reins and had been leading the day-to-day operations of Rutherford. When Bill passed, Patrick was at an inflection point. One option was to maintain the company with its substantial portfolio with a value of over $1 Billion, or to use the resources and platform and further grow Rutherford. Patrick decided to pursue the latter. In order to do so, he needed a partner to grow the organization and build upon all that was already built. In 2014, Kevin Dare was brought in as a partner to help Rutherford reach its full potential. In 2020, Kevin became Co-General Partner and leads the day-to-day operations of the company. Kevin is leveraging his real estate development, investment, and corporate strategy to help the company scale and expand its reach. Today, Rutherford has over $2.4 Billion of assets and is the 5th largest owner of manufactured housing communities in California.