Watt Companies Reorganizes, Launches New Real Estate Firms

Santa Monica-based Watt Companies plans to implement structural changes, addressing shareholder goals as the company plans for the future. The firm’s assets will be divided among five groups of Watt Family shareholders, launching new real estate firms to manage assets and create new business opportunities.

According to a news release, each of the new entities will operate a portion of the Watt Companies portfolio, which includes retail centers, office, industrial and multifamily properties. The new corporations will be called: Watt Capital Developers, Watt Capital Partners, AJ Watt Enterprises, Williams & Watt Incorporated and SR Watt Company, which has named Courtney Trujillo (pictured) as President.

“We are so proud of the team at Watt Companies that has built upon the legacy of our founder and grandfather Ray Watt,” said Watt Companies President and CEO Nadine Watt. “Creativity, collaboration, world class quality and a consumer-focused approach have been key ingredients to our success for generations, and we are excited to build on those fundamentals as we move forward.”