Raymond J. Pacini

RAYMOND J. PACINI has been the President, Chief Executive Officer and a
Director of California Coastal Communities, Inc. since May 1998. Prior
to May 1998, Mr. Pacini was the Chief Financial Officer of CALC
(formerly known as Koll Real Estate Group, Inc., and Henley Properties,
Inc.) from June 1990 until May 1998. During that time, Mr. Pacini led
the company through a pre-packaged bankruptcy in 1997 that exchanged
$200 million of debentures for equity in the company. Prior to moving to
California in 1990, Mr. Pacini was the Director of Financial Reporting
for The Henley Group, Inc., a $ 7 billion conglomerate based in Hampton,
New Hampshire. Mr. Pacini started his career as a CPA for Coopers &
Lybrand (now known as PricewaterhouseCoopers) in Boston, Massachusetts,
from 1979 through 1986. Mr. Pacini received an AB from Colgate
University in 1977 and an MBA from Cornell University in 1979.