Crestview Real Estate, LLC: Company Profile

Background

Overview

Crestview Real Estate, LLC, established in 2008, is a Dallas-based commercial real estate firm specializing in property management, leasing, development, and construction management services. With over 30 years of combined experience, the company focuses on retail shopping centers and office buildings, offering comprehensive solutions to clients across the United States.

Mission and Vision

Crestview's mission is to provide superior service to clients by developing, leasing, and managing "best in class" assets with a high level of integrity. The company aims to be a strong, full-service real estate entity that delivers exceptional value and fosters long-term partnerships.

Industry Significance

With a portfolio valued at over $850 million, Crestview Real Estate has established itself as a significant player in the commercial real estate sector, particularly in the Texas market. The company's extensive experience and comprehensive service offerings contribute to its reputation for excellence in property management and development.

Key Strategic Focus

Core Objectives

Crestview Real Estate focuses on delivering high-quality commercial real estate services, emphasizing integrity, client satisfaction, and long-term asset value. The company's strategic objectives include expanding its property portfolio, enhancing service offerings, and maintaining strong relationships with tenants and partners.

Areas of Specialization

The company specializes in:

• Property and Asset Management: Providing comprehensive management services, including accounting, cash management, budget preparation, and reporting.

• Property Leasing: Representing landlords to ensure optimal tenant mix and assisting tenants in finding suitable locations.

• Development and Construction Services: Offering full-service construction management and development services, including due diligence, ground-up construction, permitting, build-to-suits, and tenant finish-out work.

Key Technologies Utilized

Crestview employs advanced property management software to streamline operations, enhance reporting accuracy, and improve communication with clients and tenants. The company also utilizes data analytics to inform leasing strategies and development decisions.

Primary Markets and Conditions Targeted

Crestview primarily operates in the Texas market, focusing on urban and suburban areas with high growth potential. The company targets markets with strong retail demand and opportunities for office space development.

Financials and Funding

Funding History

Specific details regarding Crestview Real Estate's funding history, including total funds raised and recent funding rounds, are not publicly disclosed. The company has financed its operations through a combination of internal resources and strategic partnerships.

Notable Investors

Information about individual investors or investment firms involved with Crestview Real Estate is not publicly available.

Utilization of Capital

Capital raised by Crestview is utilized for:

• Property Acquisition: Investing in new commercial real estate assets to expand the company's portfolio.

• Development Projects: Funding ground-up construction and redevelopment projects to enhance property value.

• Operational Expansion: Enhancing property management capabilities and expanding leasing operations.

Pipeline Development

Key Pipeline Candidates

Crestview is involved in several development projects, including:

• Cheddar's Hudson Oaks: Scheduled to open in the first quarter of 2023.

• Starbucks Sunnyvale: Opened in April 2022.

• CareNow White Settlement: Opened in April 2022.

Stages of Development

The company is engaged in various stages of development, from initial planning and permitting to construction and tenant fit-out.

Target Conditions

Crestview focuses on high-traffic areas with strong retail demand and opportunities for office space development.

Anticipated Milestones

The company anticipates completing several projects in the coming years, contributing to its portfolio growth and market presence.

Technological Platform and Innovation

Proprietary Technologies

Crestview utilizes advanced property management software to streamline operations and enhance reporting accuracy. The company also employs data analytics tools to inform leasing strategies and development decisions.

Significant Scientific Methods

The company applies data-driven approaches to property management and development, utilizing market analysis and financial modeling to optimize asset performance.

Leadership Team

Executive Profiles

• Grey Stogner: President and Founder. With over 30 years of experience, Grey has been involved in the entitlement, development, leasing, and construction management of over 7 million square feet of commercial space.

• Staci Bowen: Executive Managing Director and Principal. Staci brings extensive experience in property management and leasing, contributing to the company's strategic growth.

• Wallace Rains: Chief Financial Officer and Chief Operating Officer. Wallace oversees financial operations and strategic initiatives, ensuring the company's financial health and operational efficiency.

• Tim Thompson: Executive Managing Director and Principal. Tim focuses on development and construction services, driving project execution and client satisfaction.

• Dalton Stogner: Managing Director and Principal. Dalton plays a key role in property management and leasing, enhancing tenant relations and operational performance.

• Robyn Delozier: Director of Property Management. Robyn leads property management teams, ensuring high standards of service and tenant satisfaction.

• Kimberly Hartley: Senior Property Manager. Kimberly manages day-to-day operations of multiple properties, maintaining operational excellence.

• Jim Gammon: Construction Manager and Facilities Coordinator. Jim oversees construction projects and facility maintenance, ensuring quality and compliance.

• Mackenzie Perdue: Assistant Property Manager and Property Accounting. Mackenzie supports property management and financial operations, contributing to efficient property performance.

• Beth Gonzales: Senior Property Accountant. Beth manages financial reporting and analysis, ensuring accurate financial records.

• Angelica Bowden: Leasing Coordinator and Marketing & Social Media Manager. Angelica coordinates leasing activities and manages marketing initiatives, enhancing brand presence.

Competitor Profile

Market Insights and Dynamics

The commercial real estate market in Texas is characterized by steady demand for retail and office spaces, driven by population growth and economic development. Urban areas like Dallas offer opportunities for high-quality developments and property management services.

Competitor Analysis

Crestview Real Estate faces competition from other established firms in the Texas market, including:

• Stream Realty Partners: Specializes in commercial real estate services, including leasing, property management, and development.

• Transwestern: Offers integrated real estate services, focusing on tenant advisory, property management, and investment services.

• JLL: A global real estate services firm providing leasing, property management, and investment management services.

Strategic Collaborations and Partnerships

Crestview collaborates with various retailers and service providers to enhance property offerings, including:

• McDonald's

• Starbucks

• Albertsons

• MiCocina

• Academy

• CareNow

• Whataburger

• Bank of America

• Chick-fil-A

• ChopShop

• Hallmark

• AT&T

• CVS

• HCA

• Comet Cleaners

• Costco

• E-Bar

• Cheddar's

• El Fenix

• Dunkin'

• KFC

• Hobby Lobby

• Snappy Salads

• O'Reilly Auto Parts

• LA Fitness

• Potbelly Sandwich Shop

• Urban Air

• Panda Express

• Walgreens

• Wendy's

• T-Mobile

• Wells Fargo

• 7-Eleven

• Tom Thumb

• Torchy's Tacos

• UPS

Operational Insights

Crestview's vertically integrated structure allows for efficient management of all aspects of property development and management, providing a competitive edge in delivering comprehensive services. The company's focus on tenant satisfaction and long-term relationships contributes to high occupancy rates and tenant retention.

Strategic Opportunities and Future Directions

Crestview aims to expand its portfolio by acquiring and developing properties in high-growth