Davenport Partners

The Company, formed in 2002, is comprised of principals who were former partners, officers and shareholders of Spieker Properties (NYSE: SPK). While at Spieker, the principals were responsible for acquiring and developing over 80 properties consisting of nearly 12 million square feet and $1.5 billion in project cost. Spieker merged with Equity Office Properties (NYSE: EOP) in July 2001.

Davenport Partners, in partnership with its investors, acquired numerous properties in 2002 through 2006, after which time acquisition pricing no longer met their disciplined investment criteria. The successful repositioning, leasing, management and, in certain cases, sale of these properties has resulted in significant profit to its investors.

During the Great Recession, the company focused on its existing portfolio, successfully maintaining high occupancy and generating positive cash flow on every project. The Company began acquiring properties once again in the fall of 2010. Davenport Partners adds value to properties through its proven, “hands-on” property management and leasing philosophy which has guided the partners throughout their careers.

Our experience through past real estate cycles has taught us that buying real estate with a long-term investment horizon and operating it with an “owners” perspective is the best way to generate sustained investment returns. Davenport Partners continues to seek investments and/or re-development opportunities in distressed, value-add and core plus properties.

Occasionally, the Company will provide fee management services for select owners of commercial properties, including property management, leasing, development management, construction management and land entitlements.