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BH Properties Shifts Focus to West Coast

LOS ANGELES-Following the sale of a multifamily complex in Virginia, BH Properties' Steve Jaffe tells GlobeSt.com's Kelsi Maree Borland about the company's new West Coast strategy.

By Kelsi Maree Borland | Updated on November 27, 2013

LOS ANGELES-BH Properties, a real estate investment company focused on purchasing distressed assets in all commercial sectors, has shifted its strategic focus to the West and Southwest, according to Steve Jaffe, BH Properties EVP and general counsel. As part of this strategic shift, the company plans to sell some East Coast assets, in what Jaffe describes as “strategic pruning,” and then reinvest the capital in properties in the Western part of the US.

“As we grew and expanded, we had the opportunity to shed properties that were just too remote for us to adequately manage,” Jaffe tells GlobeSt.com. “That led us to do a lot more buying over the last couple of years in Arizona, Nevada and Southern California. For investors like us, a shift with a lower cost allows us to achieve our goals closer to home.”

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