EDM Realty Partners, LP. is a distinguished, full-service real estate firm with a tradition for excellence that dates back to 1940. The firm's management has developed real estate assets that include retail, commercial, office and industrial properties in several key regions throughout the United States. Its management has the proven ability to create, finance and manage a diverse portfolio of projects that are wholly owned or owned through joint ventures with investors or local developers.
EDM is a direct descendant of Beneficial Standard Corporation and Beneficial Standard Life Insurance Company founded by Edward D. Mitchell, an entrepreneur and philanthropist who, along with his son, Joseph N. Mitchell, and later his grandson Jonathan E. Mitchell, built Beneficial into a $700 million corporation. EDM was the managing general partner of Benequity Holdings, a California Limited Partnership, listed on the New York Stock Exchange, until its sale in 1987. The assets of Benequity partially consisted of the former diversified real estate investments of Beneficial Standard Corporation, one of the first insurance firms to enter the real estate development field as a developer. Beneficial Standard established a tradition for innovation and success that is embodied in the EDM corporate structure today. That tradition continues under the leadership of Jonathan E. Mitchell, who serves as chairman of EDM and chief executive officer, Howard Brumer, chief operating officer, and the entire management team, which possesses the depth of experience to acquire, develop and finance projects, as well as to provide property management, leasing, and accounting services.
The initials EDM honor the spirit of Edward D. Mitchell, whose precepts remain a vital and powerful influence on EDM today. EDM's objectives are: to create the highest possible value by seeking out maximum returns on investment, using reasonable standards of safety to preserve and build capital. Few organizations can match the outstanding long-term relationships that EDM's management has established with its partners, lenders, tenants and vendors across the country.
EDM's executive management's investment, development and redevelopment experience include over 80 transactions containing over 10,000,000 square feet of real estate including over 4,900,000 square feet of shopping centers, over 3,400,00 square feet of industrial parks, over 2,000,000 square feet of office buildings and 3,000 apartment units as well as various other properties in locations throughout the United States.
EDM is a direct descendant of Beneficial Standard Corporation and Beneficial Standard Life Insurance Company founded by Edward D. Mitchell, an entrepreneur and philanthropist who, along with his son, Joseph N. Mitchell, and later his grandson Jonathan E. Mitchell, built Beneficial into a $700 million corporation. EDM was the managing general partner of Benequity Holdings, a California Limited Partnership, listed on the New York Stock Exchange, until its sale in 1987. The assets of Benequity partially consisted of the former diversified real estate investments of Beneficial Standard Corporation, one of the first insurance firms to enter the real estate development field as a developer. Beneficial Standard established a tradition for innovation and success that is embodied in the EDM corporate structure today. That tradition continues under the leadership of Jonathan E. Mitchell, who serves as chairman of EDM and chief executive officer, Howard Brumer, chief operating officer, and the entire management team, which possesses the depth of experience to acquire, develop and finance projects, as well as to provide property management, leasing, and accounting services.
The initials EDM honor the spirit of Edward D. Mitchell, whose precepts remain a vital and powerful influence on EDM today. EDM's objectives are: to create the highest possible value by seeking out maximum returns on investment, using reasonable standards of safety to preserve and build capital. Few organizations can match the outstanding long-term relationships that EDM's management has established with its partners, lenders, tenants and vendors across the country.
EDM's executive management's investment, development and redevelopment experience include over 80 transactions containing over 10,000,000 square feet of real estate including over 4,900,000 square feet of shopping centers, over 3,400,00 square feet of industrial parks, over 2,000,000 square feet of office buildings and 3,000 apartment units as well as various other properties in locations throughout the United States.