SAN JOSE, CA-Locally based First Guardian Group and Sperry Van Ness International, revealed that First Guardian Group is now an independently owned and operated franchise of Sperry Van Ness International. The firm will operate as Sperry Van Ness/First Guardian Group, located at 100 Century Center Court in San Jose.
This affiliation comes on the heels of Sperry Van Ness International’s recent signings of Promus Commercial in San Diego and Bluestone & Hockley Real Estate Services in Portland, OR. “We are committed to continuing Sperry Van Ness’ national expansion through targeted and strategic partnerships with top-tier brokerage firms,” says Kevin Maggiacomo, chief executive officer and president of Sperry Van Ness International. “First Guardian Group has a proven track record and we are pleased to be aligning our service platforms to strengthen Sperry Van Ness’ reach."
Sperry Van Ness/First Guardian Group will specialize in investment sales, leasing, property management, commercial loans and investments for commercial, retail, multifamily, student housing, medical office and industrial buildings. Since the firm’s inception, First Guardian Group has completed more than $450 million in transaction volume and currently manages four million square feet of commercial space.
Paul Getty and Dinesh Gupta, co-founders of First Guardian Group, will serve as managing directors for the Sperry Van Ness/First Guardian Group team. Getty will focus on asset and property management for the firm, while Gupta will focus on TIC asset and portfolio management and disposition.
“Our decision to partner with Sperry Van Ness was based on the strength of the organization’s national platform with more than 800 advisors across the U.S., which will help us compete for larger transactions and national accounts,” says Getty. “We are very optimistic about the new opportunities this merger will bring to our team in San Jose.”
Getty has been directly involved in the selection and management of more than $450 million of real estate properties on behalf of the firm's clients and investors. His track record includes participation in IPOs and successful M&A activity that have resulted in investor returns of more than $700 million. He previously worked with national real estate brokerage and investment organizations including Marcus & Millichap, CB Richard Ellis, JP Morgan and Morgan Stanley.
Gupta has developed financing relationships with top-tier banks and institutions that assist the firm in providing financial and due diligence resources for its real estate acquisitions. He has extensive experience in managing investment funds on behalf of individuals and institutions. Prior to co-founding First Guardian Group, he was responsible for developing numerous banking and financing relationships that resulted in more than $1 billion of co-investment in his firms' portfolio assets.
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