About Us
COMPANY INFORMATION
Realty Bancorp Equities (RBE) is engaged primarily in the business
of acquiring, developing, managing, and leasing class “A”
properties. We are active in acquiring properties, or portfolios
of properties, which have not been exposed to large institutions
or sizeable investors. RBE concentrates its efforts primarily
in Southern California, from Ventura County south to San Diego.
Currently, the Realty Bancorp Equities portfolio consists of office,
retail, and industrial space, and entitled land, all located within
a two hour driving radius of RBE’s headquarters. Our focus
is primarily on projects ranging from $5 million - $50 million,
when fully developed.
RBE’s strategy is to target real estate investments which
are undervalued due to vacancies, poor management, inefficient
current use, deferred maintenance, long-term below market leases
or other unfavorable market conditions. We then create value by
correcting these deficiencies and subsequently holding, selling
or redeveloping the particular asset.
RBE will evaluate investment opportunities on a case-by-case
basis, taking into consideration certain factors including, but
not limited to, balancing current yield and required equity, increasing
geographic diversification primarily in Southern California and
avoiding competition with institutional investors and REITS. RBE
will exploit its established relationships with leading brokers
and property owners in order to capitalize on value added opportunities
and to become a niche investor in such markets. The company’s
primary objective with respect to its capital is to: (i) maximize
Net Cash Flow from Operations; (ii) preserve, protect and return
the capital contributions of the RBE partners; (iii) sell when
advantageous or refinance and return the Company’s initial
capital while retaining the particular asset(s): and (iv) realize
the economies of scale associated with an aggregation of quality
properties.
In its evaluation of acquisition and development opportunities,
RBE will consider factors including, but not limited to: (i) the
geographic area of the property; (ii) the location, construction
quality, type, condition and design of the property; (iii) RBE’s
ability to improve the property’s performance through renovation;
(iv) the terms of tenant leases, including the potential for rent
increases; (v) the area’s potential for economic growth
and its tax and regulatory environment; (vi) the property’s
potential for expansion; (vii) the occupancy rate and demand for
similar properties in the area; (viii) competition from existing
properties and the potential for construction of new properties
in the area; and (ix) the creditworthiness of tenants.
As of January 2004 RBE has shifted its development strategy to
create or acquire developments for long term hold for the principal
owner Norman J. Kravetz. This will include over Four Hundred and
Fifty Five Thousand (455,000) square feet of newly added office
and corporate headquarters developments! This has resulted in
the creation of a large investment-grade portfolio in prime areas
of Los Angeles and Santa Monica.
NORMAN J. KRAVETZ
Norman & Glenda Kravetz
Norman J. Kravetz is the managing member and principal owner
of Realty Bancorp Equities, LLC. He is also the owner of Realty
Bancorp, Warner World, The Kravetz Company, Norman J. Kravetz
Enterprises, Topanga Warner Financial Center, Colorado Capital
Calabasas and co-owner of Beverly Hills Polo Club. The RBE family
of companies owns and operates over $200 million of real estate
located in Southern California and Colorado.
He is past president of the Warner Center Association. The Warner
Center Association represents 19 of the largest employers and
landowners in Warner Center, together employing and providing
work space for more than 35,000 people in Woodland Hills California.
In 1971, Norman J. Kravetz Enterprises began its development
process through design construction and syndication of multi-tenant
and residential development. In the mid 70's, the emphasis of
the company switched to commercial and recreational multi-use
development.
In 1976, Realty Bancorp (RBC) was acquired. RBC, which specialized
in the service aspects of the development business, including
leasing, property management and financing of commercial developments,
was an approved contractor/property manager for the Resolution
Trust Corporation and Calpers.
In 1985, the Trillium partnership was an outgrowth of the successful
development and brokerage operations. By 1989, this partnership
completed a one million square foot mixed-use commercial landmark
in the San Fernando Valley: The Trillium.
The Trillium became the home of Transamerica Insurance Group,
Care America, Blue Shield, Weyerhaeuser Mortgage Company, Merrill
Lynch, Dassault Systems, and American Express. This was such a
successful development in Warner Center that it has become the
standard by which quality is measured.
In recognition of his valuable contributions to his community,
Mr. Kravetz was appointed by the City, through former Councilwoman
Joy Picus and Laura Chick, to be on the Citizens Advisory Committee
to create the Warner Center Specific Plan and the Warner Center
Transportation Specific Plan.
Mr. Kravetz was appointed by former Councilwoman Laura Chick
to be president of the "Local Development Corporation"
for Warner Center. Mr. Kravetz was previously on the Advisory
Council for the Pacific Lodge Youth Services and is currently
involved in many other non-profit organizations, including the
Melissa Kravetz Memorial Foundation, the Jane Goodall Foundation
and the Pediatric Cancer Research Foundation.
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