Brig Black, who successfully founded and ran Lincoln Property Company’s regional office in San Diego for more than nine years, launched commercial real estate investment firm Elevation Land Company, located in Carmel Valley, according to a press release.
Elevation Land Company is an entrepreneurial company seeking to acquire value-added investment properties in California and the high-growth markets of the Southwest and Mountain West regions. The company seeks to use its expertise to enhance these assets through rights, development, capital improvements, capital stack restructuring, and superior leasing and management.
Upon its formation, Elevation Land announced a strategic joint venture with long-time partner Artemis Real Estate Partners. In the joint venture, Elevation Land Company will co-invest alongside Artemis, targeting value-added acquisitions of industrial, life science and R&D buildings, as well as land aggregation for future development. The joint venture will target transactions ranging in size from $30 million to $150 million in total cost.
“I’ve always wanted to start and build my own investment vehicle, and I believe the strong relationships I’ve built over my career will underpin the success of Elevation Land Company,” Black said in the release. hurry. “I look forward to working with my team, Artemis Real Estate Partners, my many brokerage friends and our firm’s future co-investors.”
Black has more than 24 years of experience in the real estate industry and has successfully invested, developed, leased and managed $2 billion in commercial real estate properties, the press release said. His previous experience also includes 12 years as a partner at The Shidler Group.
More information about Elevation Land Company and its commercial real estate investment and development services, as well as information about co-investment opportunities, can be found at www.elevation-land.com.