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Significant events in the history of the Birtcher Family of Companies:

April 2016

Birtcher Anderson Venture Closes on Phoenix Portfolio.

A venture of San Juan Capistrano based Birtcher Anderson Realty in conjunction with JCR Capital of Denver has acquired three business parks in the Phoenix area totaling 312,193 sf from Presson Properties for approximately $26.5 million. The transaction was facilitated by the Bob Buckley team at Cushman and Wakefield. Financing was provided by CIT, with both the debt and the equity being arranged by Knightsbridge Realty Capital.

“In light of the strong recovery currently underway in this type of property, we were pleased to be able to invest at such a basis at this point in the local real estate cycle. With the average occupancy and in-place rents lagging current market conditions, we are anticipating some healthy near-term upside” says Bob Anderson, CEO of Birtcher Anderson Realty. “This portfolio fits with the company’s historic strengths of adding value to management-intensive properties.” Anderson added, “Over our 75-year history we have consistently had a presence in the Phoenix market, and these properties provide a strong addition to our current activities there.”

The portfolio consists of 10 individual buildings in three distinct business parks with a mix of office, flex and warehouse uses.
• Carleton Business Park: 134,831 square feet located in Tempe
• Fairmont Commerce Center: 85,890 square feet located in Tempe
• Fiesta Tech Business Center: 91,462 square feet located in Mesa

The portfolio is occupied by a roster of over 80 tenants including Maricopa County, Catholic Charities and Progressive Financial.

February 2016

Birtcher Anderson Venture Closes on NorCal Portfolio.

A venture of San Juan Capistrano based Birtcher Anderson Realty in conjunction with Merced Capital, L.P. of Minneapolis and Restart Investments of Kentfield, CA has acquired a 533,701 sf light industrial/ flex portfolio in three distinct Northern California submarkets. The properties are located in Concord, Fairfield and Folsom and were acquired for approximately $64 million. The transaction was facilitated by the Cushman and Wakefield brokerage team of Steve Hermann, Bob Gilley, Brooks Pedder and Tony Binswanger. Financing was arranged by Terry Daly and Peter Thompson of Cushman & Wakefield and Marcus Steele of Palmer Capital. Debt financing was provided by Prime Finance of San Francisco.

“We were pleased to find an investment with this profile in the dynamic Northern California market.” says Robert Anderson, CEO of Birtcher Anderson Realty. “This is a strategic opportunity with great near-term growth potential and fits with the company’s historic strengths of adding value to management-intensive properties.” Anderson added, “Over our 75-year history we have consistently had a presence in Northern California, and this portfolio provides a critical mass of properties on which to build with future acquisitions.”

The portfolio consists of 18 individual buildings in three distinct business parks:
• Garaventa Business Park: 204,706 sf located in Concord, CA
• Fairfield Corporate Commons: 288,133 sf located in Fairfield, CA
• Lake Forest Business Park: 100,832 sf located in Folsom, CA

The portfolio is occupied by a roster of strong, credit-worthy tenants including Comcast, Contra Costa County, Johnson Controls, DirecTV, several State and Federal agencies and Black Diamond Brewery.

http://www.northbaybusinessjournal.com/northbay/solanocounty/5295851-181/fairfield-commercial-real-estate-sale.

February 2015

In February, Birtcher Anderson acquired Airport Industrial Park (AIP), an 80,501-square-foot multi-tenant Industrial project located in Austin, Texas. AIP was purchased for $76/sf (8.3% cap rate), consists of two (2) buildings, is located on 4.7 acres and was 100% occupied at time of purchase. This is the first property BA has purchased in Austin, Texas, and we anticipate that market to continue to be strong thanks to high tenant demand coupled with little existing or anticipated competing supply. This purchase brings to 1.97 million square feet of the BA’s real estate portfolio owned and/or managed.

The purchase completed a 1031 Exchange with the proceeds from the sale of Simpson Business Park, a multi-tenant industrial property located at 1305-1317 Simpson Way in Escondido. Located in a highly desirable submarket in San Diego, the property was 55,972 square feet and 98% leased at the time of sale to a private San Diego-based investor. The price of $130/sf (5.15% cap rate) was attributed to the strong rental growth forecasted for small tenant spaces like those at Simpson with 39 units ranging in size from 989 to 2,791 square feet.

2009-2015

BAR expands its service operations by helping acquire and then manage a 20 park portfolio of mobile home parks throughout California valued at $220 million with over 10,000 residents. In addition, BAR provides asset management and disposition services for a major U.S. life insurance company on three multi-family projects in Arizona and Colorado.

On the commercial side, BAR provides advisory services for the acquisition, and subsequent asset management and property management of 216,000 sf Lakeside Office Tower in Southern California. Birtcher Anderson acquired and repositioned for marketing 364,000 square feet of mixed use office, commercial, and industrial projects in California and Arizona, and successfully recapitalized a 135,000 sf flex project in San Francisco at a profit of $6.1 million and 2.14 multiple to BAR and its institutional equity investor.

2006-2008

BAR transacted over $200 million (700,000 square feet) of acquisition, development and disposition transactions of office, industrial, and retail properties in California, Arizona and Nevada. Also, BAR acquired the asset management contracts and minority ownership interests in a five building Tenant in Common portfolio totaling 332,000 square feet.

2004

Birtcher Anderson Realty, LLC (“BAR”) was formed by Arthur Birtcher and Robert Anderson to continue the investment activity of Birtcher Anderson Properties.

2003

Birtcher Property Services becomes Birtcher Anderson Properties, recognizing Robert Anderson’s leadership in the company for the last 15 years.

1993-2003

Birtcher continued to provide a full menu of real estate services, including development, acquisitions, advisory and property managements, both in the US and in China.

Key industry honors included:

“Pursuit of Excellence” award from the Portland, Oregon Building and Owner’s Management Association (BOMA) for its development of AmberGlen Business Park.

Building Owners and Managers Association California and International Office Building of the Year (“TOBY”) award for Xerox Center in Santa Ana, CA and Palm Court in Irvine, CA.

Orange County Business Journal’s and California State Fullerton Family Business Council “Family Owned Business Award” for its commitment to family and to the community.

1992

Birtcher formed a company called Birtcher Group, which provided construction and development services in Mexico, completing a number of major projects in Mexico City and Guadalajara.

1989 – 1991

Birtcher, with the Resolution Trust Corporation (RTC) implemented asset and loan disposition programs of approximately $1 Billion of assets, which included office, retail, industrial, hotel and apartment properties throughout the United States.

1990

Birtcher sold 50% of its development and construction entities to Mitsui Bussan, one of the largest trading companies in the world. The new company was called Birtcher Real Estate Limited.

1989

Birtcher was named NAIOP “Real Estate Developer of the Year”.

1981 – 1988

Birtcher evolved into a national real estate construction, development and management service company. Birtcher formed public limited partnerships in excess of $200 million and developed and sold a pension advisory business with Smith Barney. This broadened Birtcher’s scope of its asset management and property management business to encompass over 20 million square feet throughout the United States.

1970 – 1980

Birtcher partnered with Southern Pacific Railroad to serve as their exclusive in-house real estate development company. Properties owned and development were in 17 states and included office, retail, industrial, R & D and master-planned commercial communities.

1939 – 1969

Birtcher emerged as a leading Southern California regional construction and real estate investment firm.