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12/12/14
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Newport Beach-based Davis Partners is expanding its management services into the Bay Area. The firm, founded in 1972, provides 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 msf portfolio. The firm has now has taken over a 2.3 msf Bay Area portfolio management assignment that encompasses 22 assets located from San Jose to San Francisco. The portfolio includes a product mix of office, R&D, and industrial properties.
“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.
The company now operates five offices in Northern California with nine employees.
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