Rick J. Caruso is a renowned business innovator, dedicated civic leader and actively involved philanthropist. As its founder and Chief Executive Officer, he has developed Caruso® to be one of the largest and most admired privately held real estate companies in the United States.
Under Rick Caruso’s leadership, the company has achieved a compounded annual growth rate of nearly 20% since its inception.
Caruso started his career as a real-estate lawyer in the corporate finance department of one of the nation’s largest law firms. Thereafter, he transitioned from law to pursue his lifelong passion for development, establishing Caruso Affiliated Holdings in 1987. Ignoring the traditional “shopping mall” approach to retail, he adopted a fresh, new strategy for development and revolutionized the industry with imaginative retail and mixed-use destinations that serve as timeless and beloved centers of town.
Caruso’s world-class portfolio of properties continues to expand and include more than a dozen internationally renowned and award-winning retail, residential, mixed-use, and resort destinations. Among these are the recently opened Palisades Village and Rosewood Miramar Beach Montecito.