Dunn, co-founder of a Dallas real estate investment firm, dies in a plane crash in California

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Kenneth “Ken” Dunn, co-founder of Dallas-based The Rainier Companies, died in a plane crash on Monday 26 July.

“The Rainier family is deeply saddened by the loss of their co-founder, partner and friend. We deeply sympathize with Ken’s family during this incredibly difficult time. He will be sorely missed, ”said President and CEO Rainier Danny Lovell.

After many years in banking and real estate, he and Tim Nichols created Rainier Capital Management in 2003 as a real estate investment platform and home to do business with friends inside and outside the company. Throughout his career, he remained associated with a wide group of professionals and was a devoted friend to many.

Since its founding in 2003, Rainier has closed over $ 2.5 billion in investment assets and currently has an operating portfolio of over $ 1.6 billion.

Authorities said six deaths were confirmed on Wednesday in a twin-engined jet plane crash near a golf course in the Lake Tahoe area.

The Nevada County Sheriff’s Office said everyone aboard the Bombardier CL 600 was killed when it crashed Monday in densely wooded areas near Ponderosa Golf Course in Truckee, near the Northern California border with Nevada. Authorities initially said three people were killed in the plane crash.

The plane crashed a few blocks from the runway as the pilot tried to land at Truckee Tahoe Airport, according to the Federal Aviation Administration.

The plane caught fire, but the fire was quickly extinguished.

The National Transportation Safety Board is investigating the accident. The flight departed from Coeur d’Alene, Idaho.

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