California People and Company News for August 18, 2023
Tidewater Capital, a San Francisco-based real estate investor and developer, said Nicholas Bryer will join the firm as managing director. Most recently SVP at The Roxborough Group, Bryer will join the Investments team and will help lead Tidewater’s investment strategy and acquisitions efforts.
Woodruff Sawyer said Owen Igbinosun has joined the firm in Irvine as VP, management liability, focused on private equity and real estate in the upper middle markets. Working with venture capital, private equity, and family offices, he will help clients to implement enterprise risk management solutions to address their complex business challenges. Before joining Woodruff Sawyer, Igbinosun spent more than 12 years in risk management for HUB International, Assured Partners, Lockton, and Stericycle.
Gloria Govan, founder/president of RLNTLSS Brands, has been appointed general partner of Alta II, a leading real estate lender committed to providing innovative and efficient financing solutions to the cannabis sector. In this role, Los Angeles-based Govan brings over a decade of experience and her commitment to DE&I and innovation to the forefront of the cannabis real estate lending market.
Extending the success of his 36-year career at Gensler, Scott Dunlap has assumed a co-leadership role in the operations of the design firm. As managing principal, Dunlap has oversight of a network of business operation teams from more than 20 locations across the globe. Previously, he served as managing principal for Gensler’s Northwest region, with oversight for offices in Oakland, San Francisco, San Jose and Seattle.
ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has maintained its track record of collecting 100% of rent due from its net-leased assets under management inception-to-date through July 2023, representing more than 1,200 properties diversified across 47 states and 748 markets. This extends Pasadena-based ExchangeRight’s streak of 133 consecutive months of 100% rent collection from its net-leased properties since the company’s founding in 2012.
To build on the momentum of Alexandria Real Estate Equities’ mental health policy forum, the company has assembled a working group dedicated to advancing the development of more effective targeted therapies for mental health disorders, with an emphasis on depression. The group consists of influential life science thought leaders with decades of experience across biopharma, government, academia, medicine, nonprofits and venture capital.
Wellpointe Inc. ranks No. 3072 on the 2023 Inc. 5000, the annual list of the fastest-growing private companies in America. Headquartered in Fresno, Wellpointe is a leading provider of boutique residential assisted living services that specializes in offering a coordinated and integrated system of care to high-acuity older adults with multiple chronic illnesses, including Alzheimer’s and other dementia.
Service by Medallion, a provider of facility services, has been honored with the San Francisco Chronicle Top Workplace 2023 award. This marks the fourth year that Service by Medallion has been awarded. The company said its key differentiators based on technology innovation, customer service, safety and sustainability enable high employee engagement, satisfaction, and retention for its employees, resulting in the top workplace recognition.
Cove Capital Investments, LLC, a private equity real estate firm and Delaware Statutory Trust sponsor company, has completed the purchase of two long-term net lease buildings strategically located in the Dallas-Fort Worth metro region. The purchase is part of the Los Angeles-based firm’s Texas Net Lease 67 DST, a Regulation D, Rule 506(c) offering targeted to raise $21.4 million and only available to accredited investors.
Caring Transitions, a provider of senior relocation and transition services, has added Caring Transitions of Marina Del Rey, owned and operated by the brother-and-sister duo of Fahd and Ahad Arafat.
Mill Valley-based Four Corners Property Trust (FCPT), a REIT primarily engaged in the ownership and acquisition of net-leased restaurant and retail properties, acquired four Tire Discounters properties for $9.1 million via sale-leaseback. The properties are located in Virginia (2), Georgia (1) and Ohio (1), and are corporate-operated under long-term, triple-net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).