Based in Santa Monica, the new firm will focus on the acquisition of commercial and multi-family properties, according to Dishell, who says the primary emphasis will be on assets in California and adjacent states that are in need of repositioning or recapitalization as well as "stabilized properties that can be acquired on appropriate risk adjusted returns." The new entity is also looking to buy notes and to provide bridge or mezzanine financing "on a very selective basis."
In his position at Emmett, Dishell managed a commingled fund, was a member of the firm's investment and executive committees, and was responsible for investor relations. He raised in excess of $1.2B of equity from a cross section of institutional investors and was a key player on the transactional team that acquired more than 13 million sf of assets and consummated more than $5B in transactions.
Pomeroy has spent more than 30 years as a principal in the real estate investment business, having acquired and/or developed more than 10 million sf of assets in 12 states. Through affiliated entities Pomeroy controls and is the majority owner of a portfolio of assets totaling more than 6.5 million sf.
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