Maginn

SANTA MONICA, CA-The Watt Cos. plans to deploy an initial $60 million in retail, multifamily, land, and debt across the West. Former Watt president and CEO Jim Maginn is collaborating with former chief investment officer Dean Pentikis on the effort, by which the company says it is "responding to new real estate investment opportunities in the Western United States."

The team will consider a variety of deal types including new construction, redevelopment opportunities and debt investments. “The real estate market has changed dramatically over the past few years, and this is truly an ideal time for Watt Companies to begin deploying capital, creating new joint ventures, and identifying acquisition opportunities in the marketplace,” said Maginn, who serves as Senior Managing Partner for Watt Investment Partners. Maginn adds, “We are expecting continued volatility for the foreseeable future, but that uncertainty is exactly what will create many different real estate opportunities for a nimble and flexible investment vehicle like Watt Investment Partners.”