Howard Industrial Partners ("HIP") is an industrial real estate development and investment company focused primarily in Southern California. The HIP partners have over 70 years of combined real estate experience in this very competitive market. Howard Industrial Partners oversees all activities related to the development process including land and building entitlement, design, engineering, and financing. On the investment side, the HIP team provides investors with valuation expertise, deep market knowledge and a skilled professional staff that knows how to effectively close transactions. Whether it is the purchase of land for development or a value added renovation of an existing property, investors can expect services from HIP that combine an entrepreneurial flair for finding investments that produce superior risk-adjusted returns with an understanding of "back of the house" reporting and communication requirements.
In the past fifteen, years HIP has entitled 620 acres of land for warehouse and truck parking uses and they currently have an additional 360 acres of land going through the entitlement process. Most of the land HIP has entitled is located in the Inland Empire which has allowed the HIP principals to build strong relationships with most of the city and county staff in Riverside and San Bernardino Counties.
HIP has developed in excess of nine million square feet of industrial projects. These projects have been done in partnerships or as fee developments with the following institutional real estate investment companies:
Mr. Howard has 30 years of experience focused within the industrial real estate sector. Prior to forming Howard Industrial Partners, Mr. Howard was a Regional Partner and manager of Oakmont Industrial Group's Irvine, California office where he focused on development and repositioning of industrial properties. Prior to joining Oakmont, Mr. Howard was a partner with Houston-based Pinchal & Company, where his responsibilities included the successful acquisition and disposition of a 3.8 million square foot east coast industrial portfolio. Prior thereto, Mr. Howard spent five years as Vice President of Development with Trammell Crow Company, focused on industrial development within the LA basin. Included on his resume at Crow was the development of a highly complex, yet successful, multi-phase park in Santa Fe Springs, CA. In addition, Mr. Howard also has valuable experience within the Southern California brokerage industry. During a 13-year tenure with Grubb & Ellis and Cushman & Wakefield, he developed key relationships within this highly competitive sector. He earned a B.A. degree (double major) in International Relations and Business from the University of Southern California and is a licensed Real Estate Broker in California, Texas and Georgia.
In his 35 year career in commercial real estate, Mr. Tyre has closed approximately $5 billion in real estate transactions including warehouse/industrial, retail, office, apartment, hotel and land. He has implemented various structures to gain access to transactions that provide superior risk-adjusted returns including joint ventures, pre-sales, forward commitments, land flips and ground-up development. Since joining Howard Industrial Partners (“HIP”), Mr. Tyre has been involved in all aspects of development with a primary focus on finance, valuation and due diligence. Prior to his time at HIP, he was the Head of West Coast Acquisitions for Invesco Real Estate where he headed a team responsible for the acquisition and development of industrial, office, multi-family and retail assets. Prior to joining Invesco, Mr. Tyre was a Principal at Prudential Real Estate Investors (“PREI”), a subsidiary of Prudential Financial, where he was responsible for real estate acquisitions in the Western United States on behalf of PREI’s clients. Mr. Tyre received his Bachelor of Science degree in Architecture from the University of Illinois and his Master’s degree in Business Administration with a concentration in finance and real estate from UCLA.
Mr. Tunney has over 15 years of experience managing complex projects, leading large teams, driving business growth and execution. Since joining HIP, Mr. Tunney has focused the entitlement and development process across 9 projects, 400+ acres and 19 buildings totaling 7M SF. Prior to joining HIP, Mr. Tunney was an executive in charge of Red Bull North America's live event network spanning over 12 markets with 150+ events and activations at 20+ global festivals annually. Mr. Tunney received his Bachelor of Science degree in Business Administration with an emphasis in Entrepreneurial Studies at USC's Marshall School of Business and has applied his expertise as a part of the executive management team at 7 different startup ventures.
During her 12 year career in accounting Ms. Nguyen has been exposed to commercial, residential and industrial real estate in both the operational and transactional parts of the business. Her experience includes full cycle accounting - providing full service accounting reporting (monthly, quarterly, and annually) using accounting software such as Yardi, MRI and QuickBooks for investors. Ms. Nguyen has also successfully completed multiple audits prepared by E&Y, KPMG and Novagradac for investors. Aside from her experience on the operations side, she has created pro forma cash flow and valuation budgets for new acquisitions using IRR, NPV and Profitability Index models giving her the expertise to evaluate project profitability and risk levels in the current market for investors. Ms. Nguyen received her B.A. in Accounting from Cal State Fullerton. She holds a California Real Estate License and has earned a Chartered Financial Analyst (CFA) designation.
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