Birtcher Anderson Realty
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.