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Last edited by Citation bot (talk | contribs) 23 days ago. (Update) |
Ken Mattson is an investment manager and real estate investor from Rancho Cordova, California.
Early life
editIn 1979, Kevin Mattson graduated from Cordova High School, along with his childhood friend and longtime business partner Tim LeFever. Both went on to UC Berkeley, where Mattson majored in economics.[1]
Real estate career
editThrough LeFever Mattson, in the 1990s Ken Mattson and his partner Tim LeFever started acquiring and managing commercial and residential properties in the Sacramento area, the North Bay, as well as the Modesto and Fresno areas.[2]
Ken and his wife Stacy Mattson started acquiring residential and commercial properties in and around Sonoma in 2015, mostly through LeFever Mattson.[3] In 2020, many of the Sonoma County business acquisitions by Ken and Stacy Mattson were consolidated under the Sonoma's Best Hospitality Group umbrella, notably Dirty Girl (DG) Donuts, the Sonoma Cheese Factory, the Ramekins culinary school, the General’s Daughter venue, the Depot Hotel & Restaurant, Sonoma's Best Cottage Inn & Spa Sonoma, and Cornerstone Sonoma.
Between March 2015 and March 2023, Ken Mattson and Tim LeFever, through KS Mattson Partners, LeFever-Mattson and dozens of LLPs and LLCs, acquired at least 116 properties in the city of Sonoma and surroundings, representing $242 million in transactions.[4] Some of the businesses Mattson acquired have been left in various states of disrepair.[5]
Legal troubles
editOn April 1st, 2024, Ken Mattson resigned as CEO and CFO of LeFever Mattson property management, a week after The Sonoma Index Tribune reported on defaulted KS Mattson Partners Sonoma Valley properties amounting to $1.2 billion in debt, Tim LeFever taking over.[6] The following month, the County of Sonoma sued KS Mattson Partners over building code violations. In May 2024, LeFever circulated emails from Mattson to investors, accusing his business partner of financial wrongdoings.[7] The Press Democrat reported that some people who had invested in Mattson's IRA stopped receiving their monthly check.[8] On May 24, the FBI raided one of Mattson's homes in Sonoma.[9]
Personal life
editKen Mattson is married to Stacy Mattson, with whom he has four children. Mattson is a member of the conservative Council for National Policy group. His son Alex is credited as the "founder & managing principal" of investment firm Mattson Ventures.[10][5]
References
edit- ^ Barber, Phil (23 March 2023). "Mattson and LeFever: Who are the men behind the sweeping series of Sonoma real estate transactions?". The Press Democrat.
- ^ "LeFever Mattson Property Management", LeFever Mattson
- ^ Sheridan, Lorna (8 April 2019). "Ken Mattson's buying spree in Sonoma: 26 properties, $80 million". The Sonoma Index-Tribune.
- ^ Barber, Phil (16 March 2023). "LeFever Mattson and the real estate buys that have Sonoma residents alarmed". The Press Democrat.
- ^ a b Barber, Phil (28 February 2024). "New Mattson investment pitch for downtown Sonoma has opponents on edge". The Press Democrat.
- ^ Hunter, Chase (8 April 2024). "Ken Mattson resigns as CEO of LeFever Mattson Property Management". The Sonoma Index Tribune.
- ^ Barber, Phil (20 May 2024). "Longtime business partner reports Sonoma developer Ken Mattson to US Attorney's Office and SEC". The Press Democrat.
- ^ Barber, Phil (22 May 2024). "Many of Sonoma real estate developer Ken Mattson's investors left 'devastated,' have questions". The Press Democrat.
- ^ Barber, Phil (24 May 2024). "FBI raids Sonoma home of embattled local real estate developer Ken Mattson". The Press Democrat.
- ^ "Alex Mattson", Mattson Ventures