EverWest Real Estate Investors calls Colorado home, but with a growing presence in the region the real estate investment advisor recently opened a new property management office in Woodcliff Lake.
In announcing the new outpost, EverWest also said it hired Dave Jarvis to serve as director of property management, overseeing New York and New Jersey.
Jarvis is responsible for managing the firm’s more than 1.5 million square feet of assets and planned developments in the region – most of which it said has been acquired or initiated in the past 24 months – in addition to providing oversight and support for another 1.1 million square feet across seven investment properties in the area managed by a third-party provider.
According to EverWest, the Woodcliff Lake office will support the company’s growing property management portfolio of industrial product and upcoming development.
In January, EverWest and Woodmont Industrial Partners began work to expand an industrial site in South Brunswick. Last summer, it snatched up the Meadowlands home of Diamond Chemical for $37.41 million.
Jarvis comes to the firm from Duke Realty, where he was responsible for overseeing an industrial portfolio with a combined gross asset value of $4.8 billion, EverWest said. His prior experience also includes positions with Digital Realty, CBRE and The Hampshire Cos. The Jan. 31 announcement highlighted his experience in property management, due diligence/property onboarding, leasing, tenant relations and construction management.
According to EverWest Senior Managing Director and Head of Property Management Mike Gagne, the company aims to self-manage its properties when it’s possible.
“As a real estate investment firm, having our own property management professionals creates a wonderful alignment with our local asset management and acquisitions teams,” he said in statement.
EverWest’s property management division includes seven offices across Colorado, Houston, Los Angeles, San Francisco and now, the Garden State; altogether, the sites oversee 8.8 million square feet of space.
Including its Denver headquarters, the firm also operates five regional offices with one in New York.
“This vertically integrated approach creates the best possible outcomes for our investors, and we are pleased to welcome Dave into that collaboration,” Gagne added.
Editor’s note: A previous version of this story indicated that EverWest and Woodmont Industrial Partners recently began work in South Amboy when it should have said South Brunswick; it was updated at 11:26 a.m. ET on Feb. 7, 2023.l