EBS Realty Partners LLC is an integrated real estate investment, development, and management firm specializing in industrial and commercial properties across Northern and Southern California, Southern Nevada, and Arizona. Founded in 2003 by Quinn Johnson as Equity Building Services, the company initially focused on development and construction management services for both institutional and private clients. Post the 2007–2008 global financial crisis, EBS expanded its services to include direct investment and principal development activities. The firm's portfolio encompasses over 4.5 million square feet of logistics warehouse distribution facilities, e-commerce fulfillment centers, corporate warehouse/distribution and headquarters facilities, temperature and environment-controlled food facilities, specialized manufacturing plants, as well as commercial office, medical office, and retail projects.
Key Strategic Focus
EBS Realty Partners emphasizes a systematic approach to project feasibility analysis and employs detailed financial modeling tools to ensure informed decision-making. The firm has developed proprietary procedures, including the "30-60-90 Value Engineering" project design management process, which involves evaluating and applying detailed project cost-saving strategies at critical design phases. This approach ensures the quality and thoroughness of construction documents and adherence to schedules and budgets. EBS's strategic focus includes managing entitlement and construction in complex jurisdictions, particularly in California, to mitigate or avoid impediments to project progress.
Financials and Funding
Specific financial details and funding history for EBS Realty Partners are not publicly disclosed. However, the firm has demonstrated significant growth and investment activity, as evidenced by its extensive portfolio and strategic partnerships. For instance, in July 2023, EBS, in partnership with Clarion Partners, acquired a 19-acre industrial site in Colton, California, for $61 million, approved for a 412,000-square-foot warehouse.
Pipeline Development
EBS Realty Partners has a robust pipeline of projects, including:
- Colton, CA: Two buildings totaling 960,040 square feet on 43.85 acres at 21700 Barton Road. Project approval was expected in the first quarter of 2021.
- Ontario, CA: Four buildings totaling 354,609 square feet on 15.75 acres at 1945 S. Grove Ave. Groundbreaking was planned for the end of the first quarter of 2021.
- Corona, CA: A 101,690-square-foot building on 4.8 acres at 959 E. 3rd Street, with completion estimated for June 2021.
- Tustin, CA: A 95,458-square-foot building on 7.1 acres at 14192 Franklin Ave., leased to Rivian Automotive.
- North Las Vegas, NV: Two buildings of 118,021 and 93,993 square feet, respectively, both in escrow to manufacturers, with completion in January 2021.
Technological Platform and Innovation
EBS Realty Partners distinguishes itself through proprietary procedures such as the "30-60-90 Value Engineering" process, which involves evaluating and applying detailed project cost-saving strategies at critical design phases. This approach ensures the quality and thoroughness of construction documents and adherence to schedules and budgets. Additionally, EBS utilizes proprietary contractor bid instructions, bid analysis forms, and modified AIA contracts to further ensure project success.
Leadership Team
- Quinn Johnson, JD: Managing Principal and Founder. With nearly two decades in real estate, Mr. Johnson has developed over 7 million square feet of real estate valued at more than $500 million. He holds a bachelor's degree in management information systems and operations management from the University of Arizona and a Juris Doctorate from the Sturm College of Law at the University of Denver.
- Patrick Remolacio, SIOR, CCIM: Co-Founding Principal & Managing Member. With experience in commercial/industrial real estate since 1985, Mr. Remolacio has played a key role in developing over 7 million square feet of industrial product. He graduated from the University of Southern California with a bachelor's degree in Business Administration with an emphasis in real estate finance.
- Michael R. McKenna: Principal. Since joining EBS in 2015, Mr. McKenna has overseen the entitlement of more than 4 million square feet of industrial product and the development of over 3 million square feet. He holds a bachelor's degree in business administration with an emphasis in real estate finance from the University of Southern California.
- Jill L. Marquez: Senior Managing Director, Asset Management. Ms. Marquez oversees all asset and property management operations, as well as banking, capital management, and reporting functions. She began her real estate asset management career in 1997.
- Mike Foley: Project Manager. Mr. Foley assists in project-related activities from entitlement through building operation. He holds a bachelor's degree in Construction Management from California Polytechnic State University, San Luis Obispo.
- Boyden S. Bulloch: Director of Development, Nevada. Mr. Bulloch oversees project management of Nevada developments from entitlement through operations. He holds a Master of Accountancy and B.S. in Accounting from Brigham Young University and is a licensed CPA in Nevada.
- Andrew Sinclair: Associate Project Manager. Mr. Sinclair supports project teams and holds a bachelor's degree from the University of Alabama with a double major in finance and economics.
Leadership Changes
As of the latest available information, there have been no recent significant changes or appointments within EBS Realty Partners' leadership team.
Competitor Profile
Market Insights and Dynamics
The industrial and commercial real estate market in the Western United States, particularly in California and Nevada, has experienced significant growth due to increased demand for logistics and e-commerce facilities. This trend has been accelerated by the rise in online shopping and the need for efficient supply chain solutions.
Competitor Analysis
EBS Realty Partners operates in a competitive landscape alongside firms such as Confluent Development, East Mountain Development Group, and NORTHPOINT Realty Partners. These companies also specialize in real estate development and management, focusing on industrial and commercial properties. EBS differentiates itself through its proprietary procedures, extensive experience in complex entitlement jurisdictions, and a strong track record of successful project completions.
Strategic Collaborations and Partnerships
EBS Realty Partners has engaged in significant collaborations to strengthen its market position. Notably, in July 2023, EBS partnered with Clarion Partners to acquire a 19-acre industrial site in Colton, California, for $61 million, approved for a 412,000-square-foot warehouse. Additionally, in December 2019, EBS partnered with Penwood Real Estate Investment Management to develop four "Class A" buildings ranging from 52,000 to 121,000 square feet in Ontario, California.
Operational Insights
EBS Realty Partners' strategic considerations include leveraging its expertise in managing complex entitlement processes, particularly in California's challenging political and bureaucratic environments. The firm's proprietary procedures and systematic approach to project feasibility analysis provide distinct competitive advantages, enabling efficient project execution and cost management.
Strategic Opportunities and Future Directions
EBS Realty Partners is positioned to capitalize on the growing demand for industrial and commercial real estate in the Western United States. The firm's strengths in project management, entitlement expertise, and strategic partnerships position it well for future expansion and success in the evolving real estate market.
Contact Information
- Website: ebsrp.com
- LinkedIn: EBS Realty Partners
