Scottsdale Investment Management

General Partnership was founded

Originally founded in 1978 by the principals Tim Grant, Garry Jestadt and Ed Grant. We have maintained a practical, disciplined, and forward-thinking approach to purchasing and investing that has served us well throughout decades of business and economic cycles.

First Land real estate was purchased

Purchased our first real estate investment project in early 1980, an 80-acre undeveloped property in a Phoenix suburb. This first purchase would evolve into more than thirty more master planned land investment projects/syndications formed over the course of the next few decades, totaling hundreds of millions of dollars, all of which returned significant profits. These land investments were always made in the path of growth. Arizona experienced unprecedented growth during these formative years and after a three to five-year hold, we inevitably experienced significant appreciation from the acquisition prices.

RTC Savings & Loans Crisis

After the initial, very successful ten-year run of investments, from the late 80’s until the mid-90’s, the entire country, most particularly the Phoenix metropolitan area, suffered through an economic crisis identified with the Resolution Trust Corporation, commonly known as the “RTC Savings & Loan crisis.” The company remarkably navigate these challenging times. With a new focus on acquiring income producing assets, SIM became a dominant local player in the Phoenix MSA, which ultimately proved to be a winning strategy. SIM’s overall experience and management platform coupled with existing brokerage and finance contacts allowed us to quickly respond to opportunities in the marketplace.

First commercial building was purchased

From 1990- 2000, SIM purchased over thirty buildings totaling more than 3.5 million square feet consisting primarily of multi-tenant office buildings along with several industrial properties. SIM also engaged in build-to-suite and sale-leaseback transactions with qualified credit worthy tenant. To complement their real estate holdings SIM also acquired multiple operating businesses that have provided strong income and remarkable growth.

Portfolio created for sale

SIM made the strategic decision to market many of their buildings as a “portfolio”. It was successful in completing a merger/sale to Starwood Capital thus enabling a significant block of the SIM portfolio to be sold to the new SIM/Starwood JV entity for more than $100,000,000. SIM principals managed the new ownership entity and all the assets in the portfolio. SIM expanded staff to include property managers, engineers, day porters, accountants, and in-house attorneys, totaling more than 50 employees, operating as a fully integrated real estate management company.

Remaining interest sold

SIM triggered a buy-sell provision in the agreement and sold its share of the management company to Starwood. The sale resulted in significant yields to SIM investors.

Operating business purchased

In the next few years acquired multiple operating businesses that provided strong income and remarkable growth.

Numerous properties added to the portfolio

SIM believes that the opportunities in the multi-tenant office building model no longer offered the upside that has historically existed. SIM envisions future opportunities for profits will be focused around these primary types of asset categories: industrial or flex office, single family rental home communities and strategically located land investment-grade land for development. Accordingly, SIM has acquired a current portfolio of over 27 buildings and over 7,780 acres of strategic land in Arizona, Nevada, Colorado, Southern California, and B.C. Canada.

SIM is forward looking energetic company

Today, SIM is still located in Scottsdale Arizona, forward looking energetic company, focused on acquiring value-added income producing commercial and industrial real estate, strategically located development land projects in the western United States and Canada, industrial development, and single-family rental communities.