Kearny Real Estate Company founded in 1993 and headquartered in Los Angeles, with offices in San Diego and Santa Fe Springs, is a partnership of experienced real estate professionals active in the acquisition, entitlement and land development, development, repositioning, distressed debt workouts, leasing, management and disposition of commercial projects in California.
Our focus as owner, developer, investor and manager is to create value in our portfolio of properties. We create value for our tenants and for the communities where we own and develop real estate by improving and repositioning underutilized assets and developing quality environments. We are extremely proud of the positive impacts that our projects either new (Los Angeles Air Force Base) or rehabilitation (Century Business Center, Five Thirty B and The Press) have on the communities we are involved in. We create value for our employees and partners by carefully buying and developing or repositioning quality assets in markets where we have expertise and a unique advantage, implementing our value added strategy, and selling the assets at opportune times.
Kearny Real Estate Company began operations as a subsidiary of the Morgan Stanley Real Estate Fund in 1993. It was spun-off to Jeff Dritley in 2001. Kearny has managed and developed over 200 assets with values over $4.4 billion. Kearny is owned by Jeff Dritley and his partners. Our relationships with debt and equity capital providers are deep and we are best in class in terms of financial performance and acting as fiduciary for our capital partners.
Kearny has a proven track record with over $4.4 billion in transactions during the last 23 years delivering outstanding returns and very positive impacts to our local communities. This significant level of activity in buying, working out, entitling, developing, repositioning, leasing, managing and selling allows Kearny to keep a close ear to the ground in the California commercial markets and maintain extensive relationships with local real estate professionals.
Kearny combines the nimbleness and local knowledge of a boutique real estate firm with the leverage, global reach and relationships of institutional capital partners and lenders. Being able to respond to opportunities quickly and intelligently with capital resources in place, we have built a proven track record of successfully investing in opportunities including individual assets as well as portfolios. Currently, our focus is office, industrial or mixed-use properties, or notes secured by these property types, ranging in size from $20 to 500 million, as well as acquiring land and adding value through entitlement and development.
“I was reflecting on how long the Kearny/Wells Fargo relationship has lasted. Actually, it’s the Dritley/Wells Fargo relationship, as it predates Kearny’s birth as a company. Somehow, while you and I were becoming the oldest (oops, I meant the “most experienced”) guys in the room, a very enduring relationship has been created. The remarkable thing about that is how varied the types of business have been …. land, ground-up construction, repositioning, empty buildings, NPL portfolios, crazy creative structures like Los Angeles Air Force Base. I am hard pressed to think of comparable (and consistently successful) variety from one customer. It gives me confidence that we will always find ways to do business together, both in the present and the future.”
-Ray Lowe, Managing Director, Wells Fargo Bank