LOS ANGELES—Jamison Properties is stepping outfrom behind the curtain. The real estate investor, one of theequity partners behind the Circa mixed-usedevelopment in Downtown Los Angeles, has traditionally kept alow-profile, but with new leadership, the firm is now talking moreabout its business strategy and its future plans, including atransition into multifamily and its recent investment in Koreatown.To find out about the company and its strategic goals and plans, wesat down with Jaime Lee, CEO of JamisonProperties, for an exclusive interview. Here, she gives us aninsider look at the company and the market fluctuations behindtheir investment strategy.
GlobeSt.com: Tell me about the company and yourstrategy?
Jaime Lee: Jamison is a privately heldreal estate firm founded by my father Dr. David Lee. Our businessmodel focuses on the acquisition, management and long term hold ofcommercial real estate properties in Southern California, Nevadaand Texas. We currently manage a portfolio of approximately 17million square feet of commercial office properties with asignificant percentage of our holdings located in the Downtown andMid-Wilshire submarkets of Los Angeles. We are in the midst of amultimillion-dollar capital improvement program to refresh andreposition our existing portfolio to meet the demands of a newgeneration of office users. Beyond commercial acquisition andmanagement, we are also launching into residential development andcurrently have 21 projects totaling 6,700 units in the pipeline. Aspart of our multifamily initiative, we are partnering with HankeyInvestment Company in the development of Circa, a luxury, 648-unitapartment project across the street from the Staples Center.
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