Founded in New York City in 1991 by father and son team, Bruce and Karl Slovin, M West has a comprehensive infrastructure and multifaceted Executive Team that features over 80 years of combined experience in acquisition, disposition, asset management, accounting, project finance, marketing, property management and construction management; all of the necessary elements for a successful real estate venture. In 1991, the company began purchasing multi-family residential properties in Manhattan. The success of those investments impelled M West's expansion into office, industrial, and retail assets in Texas, Florida, Minnesota, Nevada and California. To date, the company has utilized only internal equity, modest leverage, and profits to fuel its growth.
BUSINESS PHILOSOPHY
M West Holdings, LLC is a fully integrated investment and management firm that owns and manages real estate in New York City, California, Texas, and Florida. As a highly successful and stable owner/operator of real estate, the Firm has continually employed sound business practices, low leverage and stringent underwriting guidelines for each investment opportunity. The result is a vibrant portfolio of over one million square feet of multi-family, office, retail and industrial properties.
During the recent run-up in real estate values from 2005 through 2007, M West refused to abandon its fundamental investing principles and was unwilling to underwrite acquisitions with unrealistic income growth assumptions. As a result of this disciplined approach to investing, M West's portfolio remains strong despite the current economic downturn. M West is further strengthened by its top-flight Executive Team. M West knows that employing experienced executive talent who bring their extensive knowledge and intellectual capital to the Firm is essential to achieving success. This success contributes to M West's pride-of-ownership culture and allows the Firm to manage its properties to the highest institutional standards. The culmination of twenty years of this approach is that M West has a very low-leveraged, conservative portfolio.
