Development of 76,874 square feet of class A small bay light industrial in Phoenix, Arizona.
Land acquired in 2016, building completed in 2018, and sold in 2020.
Acquisition of 50 recently renovated, stabilized apartment units in Los Angeles, California.
Acquired in 2020 as a 1031 exchange.
Adam Norvell has over fifteen years experience in acquisitions, development, and asset management across all product types including multifamily, commercial (office, industrial, retail, hotel, mixed-use), and single-family master-planned residential communities. Mr. Norvell is currently the Director of Real Estate at Manhattan West, an alternative asset management firm in Los Angeles. He is responsible for creating and implementing the overall real estate investment strategy for the firm, with a focus on opportunistic acquisition and development opportunities.
Mr. Norvell began his career in multifamily acquisitions for Strategic Realty Capital in Los Angeles. While there, he was responsible for sourcing investment opportunities in the Southeast region of the United States. During this time, Mr. Norvell sourced and closed 20 transactions totaling over $330 million in acquisitions. Concurrently, he was part of a larger team that was successful in acquiring $2 billion worth of apartments in over 100 separate transactions.
Prior to joining Manhattan West, Mr. Norvell founded 36th Street Partners, which was formed to develop 250,000 square feet of Class-A industrial warehouse space in Phoenix, AZ. Before that, Mr. Norvell spent over four years at Woodridge Capital Partners where he helped manage over $3 billion worth of real estate assets. Of particular note, Mr. Norvell worked directly with Woodridge Capital’s CEO to successfully structure both equity and debt financing for the redevelopment of the Century Plaza Hotel ─ a US $2 billion development ─ then the largest project in the City of Los Angeles.
Mr. Norvell received a Bachelor of Arts Degree in Economics from the University of California at Berkeley. In addition, he earned a Master of Business Administration and a Master of Real Estate Development at the University of Southern California.
©2020 36th Street Partners. All Rights Reserved.