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SAN DIEGO—BGL Real Estate Partners, a division of Brown Gibbons Lang & Co., has opened an office here, its fifth in the national network that includes locations in Chicago, Cleveland, San Antonio and Philadelphia. The firm is billing the office as a “strategic location” on High Bluff Dr. in the Del Mar Heights submarket to service a growing San Diego real estate market.
The office is the fifth in BGL's national network, which includes locations in Chicago, Cleveland, San Antonio and Philadelphia. Located at 12707 High Bluff Dr., Suite 200, it replaces the firm's office in Irvine, CA, which opened in 2014. The firm declined to comment on why San Diego was chosen over other Southern California markets for this office.
Joining the San Diego office is Joshua Rees, an associate in the firm's national healthcare real estate group, which specializes in representing private and institutional clients in healthcare, housing, hospitality and industrial real estate. The expansion is to better service the rapidly growing real estate market in Southern California. Rees will report to managing director Christopher Stai, who will run the new San Diego office.
Stai tells GlobeSt.com, “Josh is very experienced in London in healthcare real estate. He has been hired not to spearhead healthcare or advisory engagements in San Diego or in Southern California, but to work closely with me on healthcare-investment sales engagements and other monetization strategies throughout the US.”
The addition of Rees will build upon BGLREP's expertise in healthcare real estate. Rees will focus on advising physician-owners—as well as public and private owners of healthcare real estate—on single-asset and portfolio dispositions, sale/leasebacks, debt-and-equity recapitalizations and tax-deferred strategies such as the 1031 like-kind exchange and UPREIT. Prior to joining BGLREP, Rees was an associate in the London office of Knight Frank, where he specialized in the disposition of all types of healthcare real estate assets, including medical-office buildings, ambulatory-surgery centers, short-stay hospitals, in-patient rehab facilities and other in-patient and outpatient facilities. In addition to his strong relationships with US-based buyers of healthcare real estate, Rees also has long-standing relationships with international investors, providing clients with the ability to leverage foreign-investment demand and further broadening the investor base to achieve maximum value and optimal terms.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
