The new division will focus on the purchase of properties either for the firm's own portfolio or joint ventures with financial partners, according to president and CEO Douglas P. Wilson.
"Our extensive experience in providing real estate and management services for a wide range of properties uniquely positions us to identify value-added opportunities and to control the acquisition functions within our own company," Wilson adds.
Company officials say they will look at acquisition opportunities in all product types throughout California and will also consider development deals.
Veteran real estate executive Tigg Mitchell has been chosen to lead the new division as director of acquisition services. Mitchell also works as director for Wilson Thorn, a related entity specializing in brokerage services and property management that will work closely with Douglas Wilson Cos.' new division.
Aside from its San Diego headquarters, Douglas Wilson Cos. has regional offices in San Francisco, Los Angeles and Denver. The firm provides services for properties ranging from high-rise office towers to hotels and in addition, is one of the largest companies in the Western US to specialize in problem resolution and workout services for real estate and operating organizations.
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