NEWPORT BEACH, CALIF. – Davis Partners, a Newport Beach-based commercial real estate firm, has announced the expansion of its management services to the Bay Area. Since 1972, the firm has focused on ground up development, investment, debt and equity structuring and workouts, as well as all the third-party support functions of management, leasing, accounting and reporting. In Southern California, Davis Partners oversees a 17 million-square-foot portfolio. The firm has now recognized the opportunity to follow the Bay Area’s strong economic growth and expansion of its client business into Northern California.
Davis Partners has taken over a 2.3 million square foot portfolio management assignment that encompasses 22 assets located from San Jose to San Francisco including a product type mix of office, R&D, and industrial property.
“It’s an exciting time in the market. Assets are trading hands at a lightening pace but there are few third party management groups in the Bay Area that can provide the immediate hands-on level of service and customized approach that has become synonymous with Davis Partners. For this reason it’s the perfect time to expand our service, relationships and our base, building our business platform with our current assignment while looking to add more,” said Bob Thiergartner, President and Chief Investment Officer, Davis Partners.
All told, the firm now operates five offices in Northern California with nine employees.
“Diversification will be a significant aspect of our firm’s growth as we look ahead. Establishing our name in Northern California at this point in the real estate cycle is going to be important to building our business platform in 2015, especially since Orange County and Los Angeles are still technically recovering,” Thiergartner added.
About Davis Partners
At Davis Partners, the entire firm is focused on driving values for clients and partners. To achieve this, Davis Partners employs a business philosophy built on three pillars: Strategy, Accountability and Results. The firm’s services include: ground up development, investment, debt and equity structuring & workouts, along with management, leasing, accounting and reporting. Learn more at www.davispartners.com.