Calaveras County: DLR has closed on two land-secured refundings for Saddle Creek, a golf community in the Sierra Nevadas. The Sales and Trading Desk found buyers who understood the developer’s long-term strategy.  •  Palmdale: DLR was sole Senior Manager on federally taxable Certificates of Participation so the city could acquire 600 acres for a 550-megawatt power plant to attract and retain businesses.  •  Chowchilla: DLR senior-managed a special bond for critical infrastructure improvement until development impact fees can be raised to support $93 million in residential, commercial and industrial projects.  •  Pittsburg: DLR was Senior Manager on a tax-allocation bond that raised almost $100 million for housing and other projects, and saved the city’s Redevelopment Agency another $3.5 million by refinancing earlier bonds.  •  Chula Vista: DLR senior-managed a tax-allocation bond after Chula Vista demonstrated that the future assessed value of the city’s Bayfront-Town Centre offsets a highly concentrated tax base.  •  Los Angeles: As book-running Senior Manager, DLR structured a $34.5-million pooled financing for the city’s Community Redevelopment Agency without a yield spread to adhere to the CRA policy to complete separation between project areas.  •  DLR senior-managed refunding of all outstanding debt at Ontario Airport, increasing the L.A. Department of Airports’ flexibility to define net revenues and its debt-service reserve fund – and reaffirm its “A” rating.  •  Long Beach: The city recently issued more than $190 million in redevelopment project financing, including $115 million of taxable bonds, in a Marks-Roos pooled issue to fund projects in five areas.  •  From naval base to housing space: Few could envision a new community when the Alameda Point Naval Air Station was decommissioned a decade ago. Today, a highly successful development with 300 homes occupies part of the old base.  •  Riverside County: DLR senior-managed a $25-million Mello-Roos financing to improve street, water, sewer, and other public facilities at Lake Hills Crest, a development with 512 single-family detached units.
 

Omar Buttari, II
Director, Taxable Fixed Income
Los Angeles Office
Tel: (310) 775-8210
obuttari@ejdelarosa.com
Omar Buttari heads Taxable Fixed Income Sales and Trading for De La Rosa & Co. For more than 15 years as an institutional salesman, Buttari has covered first- and second-tier asset management firms, public pension funds and municipalities. He has extensive knowledge of fixed-income securities, including U.S. government obligations, mortgage-backed securities and high-grade corporate debt.

Before joining De La Rosa in February 2007, Buttari was Senior Vice President for the Capital Markets division of Raymond James & Associates, and previously served as Senior Vice President of Fixed Income Sales and Trading for Jefferies & Co.

Buttari earned a Bachelor of Science degree in Finance from Georgia Southern University. He is registered with the NASD and holds Series 7 and Series 63 licenses.
Back to Partners & Staff