Through Watt’s significant relationships with highly entrepreneurial development and investment partners, both institutional and individual, the company has a long history of extremely successful joint venture investment activities.
WV/B Palisades Development
Palisades Development, LLC is led by Steven M. Baldwin who has over twenty years of experience in real estate acquisition, development, and home building in the U.S. South Atlantic market. Having formerly served as a vice president of a large homebuilding company and subsequently as the Maryland/Virginia/Washington D.C. Division President of John Laing Homes, Mr. Baldwin now brings his extensive financial, technical, and managerial experience to bear as the President of WV/B Palisades Development, LLC.
Burger Enterprises
A building partner of Ray A. Watt for over 25 years, Mr. Burger has overseen the build out of over 2,000 units in Century City, Palmdale, and Riverside County. A dedicated and disciplined homebuilder who has consistently demonstrated a keen attention to product design and exceptional marketing abilities, Mr. Burger currently oversees the acquisition of select teardown properties in Santa Monica and the construction of saleable condominiums at densities of 3-5 units per acre.
The Chadmar Group
www.chadmar.com
Mr. Chastain, a principal of the Chadmar Group, has been associated with Watt for over 25 years in the course of entitling, developing, and building more than 4,000 homes. Leveraging his experience and management abilities within the context of the Chadmar Group's projects and its joint ventures with Watt, Mr. Chastain is engaged in the development of communities throughout California. He received the National Award of Land Planning for developing Brynhaven and built the award-winning Palisades Highlands within the vivid backdrop of the Santa Monica Mountains.
Archwest Developments
Led by John Kilbane, Archwest Developments is a luxury home builder and an award-winner in architecture and has worked with Watt for over 25 years in both capacities. Mr. Kilbane has built over 50 high-end luxury homes and has overseen the build out of numerous California communities. Through joint ventures with Watt, Archwest Developments utilizes its extensive construction, design, and marketing abilities as a builder of high-end luxury products.
Sexton Homes
www.sextonhomes.com
Led by President Glen Sexton, Sexton Homes is a builder of luxury-quality, custom homes. Highly dedicated and quality-oriented, Mr. Sexton and his son, Shaun Sexton, currently oversee the design, construction, and marketing of multiple luxury residences.
The Montecito Companies
www.montecitocompanies.com
Led by Robert H. Schulman, the Montecito Companies manages major residential projects in Bakersfield, Tucson, Phoenix, and Fort Mojave. Having developed over one billion dollars of mixed-use, office, retail, hotel, condominium, industrial, single-family, and multi-family real estate in California and South Nevada, Mr. Schulman utilizes his expertise as a Watt Joint Ventures partner.
TWA Communities
www.twacommunities.com
TWA Communities, LLC has helped facilitate the development of over 1,000 units. Led by Rick Tarbell, a veteran developer with 26 years of experience in various aspects of the sale and development of residential real estate, TWA Communities is actively processing approximately 3,000 attached and detached residential units in Los Angeles County, San Diego County, King County, San Bernardino County, and Riverside County. The projected entitled market value of these projects is approximately $160 million.
The Quill Group
www.quill-group.com
The Quill Group is headed by Marty Quill who was a commercial builder of apartments and offices in the Washington D.C. area from 1985 to 1995, where he owned and managed 600 apartments and 300,000 square feet of office space. As a Watt Joint Ventures partner, The Quill Group has facilitated the build out of over 300 units in Hawaii. For ten years The Quill Group’s processing skills, quality control oversight, and construction experience have contributed to the success of Watt’s real estate projects in Hawaii.
For more information on any of the above partnerships, please contact Jeremy Greener at (310) 314-5075 or jgreener@wattcompanies.com.
Watt Realty Advisors has also developed long term multi-faceted joint venture engagements with the following companies:
Orchard Funds Management
Orchard Funds Management is one of Australia’s leading property funds management companies. Orchard invests in commercial property, including traditional assets in the retail, office and industrial sectors and a diverse range of non-traditional property assets, such as childcare centers, medical centers and hospitals. Their funds offer retail and institutional investors access to these established traditional and non-traditional sectors, as well as emerging markets. With over $3.6 billion in funds under management (as of 30 June 2007), their experienced team of investment specialists design and manage a range of innovative funds to meet clear investment goals.
Centro Properties Group
Centro Properties Group is Australia’s largest manager of retail property investment syndicates, with over 80% market share and funds under management of A$15.6 billion. The company specializes in the ownership, management and development of shopping centers.
For more information on any of the above partnerships, please contact John Wickser at (310) 314-5052 or jwickser@wattcompanies.com.
