Jonathan E. Mitchell
Mr. Mitchell, co-founder, principal, chairman of the board and president, previously served as president of EDM while it was the Managing General Partner of Benequity Holdings, Ltd., a California Limited Partnership which was listed on the New York Stock Exchange until its sale in 1987. Prior to Benequity, he was president of Beneficial Standard Properties, Inc., the real estate subsidiary of Beneficial Standard Corporation. He was a member of the parent firm's board of directors and investment committee.
Previously, he was engaged in the acquisiton, syndication, development and management of commercial real estate projects in his capacity as president of Regulus Productions, Inc., and Palmetto Services, Inc.
He also served in the mortgage and real estate subsidaries of Beneficial Standard Corporation in various executive capacities from 1970 to 1979.
Previously, he was engaged in the acquisiton, syndication, development and management of commercial real estate projects in his capacity as president of Regulus Productions, Inc., and Palmetto Services, Inc.
He also served in the mortgage and real estate subsidaries of Beneficial Standard Corporation in various executive capacities from 1970 to 1979.
Howard S. Brumer
Mr. Brumer, chief operating officer, has spent his entire career after business school involved in the acquisition, sale, financing and management of real estate.
After undergraduate school, Mr. Brumer joined Arthur Andersen & Co., and is a Certified Public Accountant. After earning his MBA, Mr. Brumer was an acquisition associate with American Continental Properties. Thereafter, Mr. Brumer served as a Vice President of Founders Property Corporation in 1984, where he was responsible for the identification of real estate properties for acquisition.
Prior to joining EDM, Mr. Brumer was a Director of Acquisitions for Southport Financial Corporation where his responsibilities included acquisitions, asset management and property management. Over Mr. Brumer's career he has been involved in the acquisition, sale, asset management and property management of properties values at over $500 million.
Mr. Brumer received his Bachelor of Science degree from the State University of New York at Albany, Summa Cum Laude, and his M.B.A. from the University of Pennsylvania, Wharton Graduate School of Business.
After undergraduate school, Mr. Brumer joined Arthur Andersen & Co., and is a Certified Public Accountant. After earning his MBA, Mr. Brumer was an acquisition associate with American Continental Properties. Thereafter, Mr. Brumer served as a Vice President of Founders Property Corporation in 1984, where he was responsible for the identification of real estate properties for acquisition.
Prior to joining EDM, Mr. Brumer was a Director of Acquisitions for Southport Financial Corporation where his responsibilities included acquisitions, asset management and property management. Over Mr. Brumer's career he has been involved in the acquisition, sale, asset management and property management of properties values at over $500 million.
Mr. Brumer received his Bachelor of Science degree from the State University of New York at Albany, Summa Cum Laude, and his M.B.A. from the University of Pennsylvania, Wharton Graduate School of Business.
EDM Realty Partners, LP
Major industrial parks include Sunrise Industrial Park, a 748,000 square-foot park outside of Sacramento, California; Mid Country Industrial Park, a 445,000 square-foot park in St. Louis, Missouri; Hayward Industrial Park, a 406,000 square-foot park in Hayward, California; Cerritos Industrial Park, a 365,000 square-foot park in Cerritos, California; and Buena Park Industrial Park, a 317,000 square-foot park in Buena Park, California.
Retail projects include The Escondido Village Mall, a 530,000 square-foot center in Escondido, California; The Palm Springs Mall, a 332,000 square-foot climate controlled mall in Palm Springs, California; Sunnyvale Shopping Center, a 215,000 square-foot center in Sunnyvale, California; the Concorde Shopping Center, a 188,000 square-foot center in Concorde, California; the Anchorage Mall, a 127,000 square-foot center which was the first fully enclosed mall in Alaska; and Marina Shopping Center, a 122,000 square-foot center in Marina Del Ray, California.
Major office buildings include Capital Bank of Commerce, a 429,000 square-foot award-winning office building in Sacramento, California; Stamford Harbor Park, a 400,000 square office building in Stamford , CT; Beneficial Plaza, the 329,000 square-foot home office building in Los Angeles, California; and Tysons Executive Plaza, a 252,000 square-foot office building in Tysons Corner, Virginia.
EDM's management and personnel have negotiated long-term leases with Bank of America, CIGNA, K-Mart Corporation, Lucky Stores, Inc., Target Stores, Safeco Title Insurance Company, Buffalo Wild Wings, Food Lion, UPS, Dupont, Phillips Global, the County of Sacramento, and Toys'R'Us, among others.
EDM's entrepreneurial talent to envision the inherent potential of an investment property, or parcel of land has long been a company strength. Its management has proven expertise in selecting prime real estate and implementing sound, realistic development and management concepts. Far more than abstract prediction, this complex process involves expert judgment, exhaustive research and careful analysis. Implementation of these concepts by EDM's management team has translated into substantial profits to EDM and its principals, as well as the investors who have been fortunate to have participated in management's prior real estate investments.
In today's complex world of real estate, many disciplines are needed to pull together a successful investment. EDM has the experience to manage each of its projects through all phases of acquisition, design, construction, financing, leasing, management and sale. From initial planning through completion and sale, EDM utilizes its principal resource: experience, an essential ingredient necessary to succeed in today's tough hands-on real estate investment field.
Property and asset-management today are of primary importance in order to receive maximum return on investment. This includes a broad range of activities from maintenance, leasing and accounting, to marketing and public relations. With decades of experience in managing real estate portfolios, EDM's management assembles and supervises a team of experts who are sensitive to tenant and investor needs. EDM provides a depth of council and a unified support approach, typifying its methods to create a maximum value from its investments.
EDM has developed a research process to target property acquisitions in metropolitan areas with above average growth potential. EDM's strategies seek to take advantage of the opportunities for superior investment performance in the national market for income producing real estate, while maintaining a relatively conservative risk profile. The strategies underlying this objective seek to take advantage of the imperfections, inefficiencies and essentially private nature of the national market to identify investments. Primary emphasis is placed on the identification of medium sized ($10-$60 million) properties in which a significant contribution to operating income and property value can be made through sound management practice. The company attempts to avoid any investment which it feels involves an unusual degree of risk.
EDM attempts, for the most part, to avoid highly visible, large "trophy type" investments and concentrates on high-quality income producing real estate and strong growth markets. EDM utilizes a research process to identify market areas with the above average long-term economic growth potential and strong local real estate markets. Geographic priority lists are established for property acquisitions.
Criteria utilized for this research process include: analyses of economic, employment and real estate data in terms of growth and migration profiles, job creation patterns, and political and social conditions in the major Primary Metropolitan Statistical Areas; supply and demand analysis of office, industrial, retail and residential data within local sub-market areas; and identification of specific sub-market areas and building type acquisitions within the strongest growth areas in the United States. This research process also attempts to identify over-built real estate markets and suggests property types to be avoided.
EDM's investment process involves the application of rigorous internal procedures. Real estate managers at all levels are involved in maintaining a communication network with real estate principals, developers, brokers and specialists on a national basis, creating a continuous flow of investment proposals. Preliminary screening to identify possible opportunities is carried out within the acquisition group.
The further detailed evaluation, investment structuring, purchase negotiation, legal document preparation and due diligence for each identified property are carried out by the EDM staff (who commission appropriate external studies for appraisal, engineering, hazardous waste, etc.) under the direction in each case of a single asset manager of EDM, who bears ultimate responsibility for the outcome.
Retail projects include The Escondido Village Mall, a 530,000 square-foot center in Escondido, California; The Palm Springs Mall, a 332,000 square-foot climate controlled mall in Palm Springs, California; Sunnyvale Shopping Center, a 215,000 square-foot center in Sunnyvale, California; the Concorde Shopping Center, a 188,000 square-foot center in Concorde, California; the Anchorage Mall, a 127,000 square-foot center which was the first fully enclosed mall in Alaska; and Marina Shopping Center, a 122,000 square-foot center in Marina Del Ray, California.
Major office buildings include Capital Bank of Commerce, a 429,000 square-foot award-winning office building in Sacramento, California; Stamford Harbor Park, a 400,000 square office building in Stamford , CT; Beneficial Plaza, the 329,000 square-foot home office building in Los Angeles, California; and Tysons Executive Plaza, a 252,000 square-foot office building in Tysons Corner, Virginia.
EDM's management and personnel have negotiated long-term leases with Bank of America, CIGNA, K-Mart Corporation, Lucky Stores, Inc., Target Stores, Safeco Title Insurance Company, Buffalo Wild Wings, Food Lion, UPS, Dupont, Phillips Global, the County of Sacramento, and Toys'R'Us, among others.
EDM's entrepreneurial talent to envision the inherent potential of an investment property, or parcel of land has long been a company strength. Its management has proven expertise in selecting prime real estate and implementing sound, realistic development and management concepts. Far more than abstract prediction, this complex process involves expert judgment, exhaustive research and careful analysis. Implementation of these concepts by EDM's management team has translated into substantial profits to EDM and its principals, as well as the investors who have been fortunate to have participated in management's prior real estate investments.
In today's complex world of real estate, many disciplines are needed to pull together a successful investment. EDM has the experience to manage each of its projects through all phases of acquisition, design, construction, financing, leasing, management and sale. From initial planning through completion and sale, EDM utilizes its principal resource: experience, an essential ingredient necessary to succeed in today's tough hands-on real estate investment field.
Property and asset-management today are of primary importance in order to receive maximum return on investment. This includes a broad range of activities from maintenance, leasing and accounting, to marketing and public relations. With decades of experience in managing real estate portfolios, EDM's management assembles and supervises a team of experts who are sensitive to tenant and investor needs. EDM provides a depth of council and a unified support approach, typifying its methods to create a maximum value from its investments.
EDM has developed a research process to target property acquisitions in metropolitan areas with above average growth potential. EDM's strategies seek to take advantage of the opportunities for superior investment performance in the national market for income producing real estate, while maintaining a relatively conservative risk profile. The strategies underlying this objective seek to take advantage of the imperfections, inefficiencies and essentially private nature of the national market to identify investments. Primary emphasis is placed on the identification of medium sized ($10-$60 million) properties in which a significant contribution to operating income and property value can be made through sound management practice. The company attempts to avoid any investment which it feels involves an unusual degree of risk.
EDM attempts, for the most part, to avoid highly visible, large "trophy type" investments and concentrates on high-quality income producing real estate and strong growth markets. EDM utilizes a research process to identify market areas with the above average long-term economic growth potential and strong local real estate markets. Geographic priority lists are established for property acquisitions.
Criteria utilized for this research process include: analyses of economic, employment and real estate data in terms of growth and migration profiles, job creation patterns, and political and social conditions in the major Primary Metropolitan Statistical Areas; supply and demand analysis of office, industrial, retail and residential data within local sub-market areas; and identification of specific sub-market areas and building type acquisitions within the strongest growth areas in the United States. This research process also attempts to identify over-built real estate markets and suggests property types to be avoided.
EDM's investment process involves the application of rigorous internal procedures. Real estate managers at all levels are involved in maintaining a communication network with real estate principals, developers, brokers and specialists on a national basis, creating a continuous flow of investment proposals. Preliminary screening to identify possible opportunities is carried out within the acquisition group.
The further detailed evaluation, investment structuring, purchase negotiation, legal document preparation and due diligence for each identified property are carried out by the EDM staff (who commission appropriate external studies for appraisal, engineering, hazardous waste, etc.) under the direction in each case of a single asset manager of EDM, who bears ultimate responsibility for the outcome.