Bixby Land Company pioneers exceptional value with innovative thinking, disciplined action and performance. Bixby is positioned to identify and execute on investment opportunities in support of the company’s growth initiatives. The firm is committed to portfolio performance through all market cycles and operational excellence throughout each investment.
Bixby Land Company acquires and operates commercial real estate throughout the United States where we focus on delivering superior risk adjusted returns to our investors. Execution, discipline and integrity are the core values that define our team and determine our success.
To be the most admired real estate company in the markets we serve.
The Bixby family history dates all the way back to 1649, the year in which Joseph Bixby started the Bixby portfolio when he acquired a 16-acre land grant in Massachusetts. Those 16 acres were carefully tended to and strategically expanded by the next three Bixby generations into a sizable portfolio in Massachusetts from 1660 to 1760. By 1855, the portfolio had outgrown the state and expanded into Maine and Iowa through land acquisitions and land grants for war service. Around that time, Llewellyn and Jotham Bixby, along with many other family members, made their way to California to pursue new opportunities for growth – and grow they did!
Bixby Land Company evolved from its two founding pillars, ranching and agriculture, to commercial development in 1910 through 1928. During this time, Bixby built the first Sears store in the Long Beach area. The growth didn’t stop there, however. Bixby also built some of the first gas stations for Shell and Texaco, and developed business parks, car dealerships, hotels and shopping centers.
After achieving 32 years in business, Bixby Land Company faced and overcame challenging years along with the rest of the nation. The Great Depression hit from August 1929 to March 1933. During this time, dairy herds were lost from hoof and mouth disease, and on March 10, 1933, a magnitude 6.4 earthquake hit Long Beach causing what would be the equivalent of approximately $50 million in damages today. Six years later, World War II began and the U.S. entered in 1941. Aided by the economic effects of the war, subdivision land was sold and the remaining acreage was developed over time. Despite everything that occurred throughout those 67 years, the company continued to prosper through its commercial projects.
In 1996 Bixby celebrated its 100th year in business! Seizing this as yet another opportunity for growth, the company embarked on a program to diversify its holdings and participate more actively in the broader real estate market. As a result, Bixby’s farmland was sold and the existing portfolio was upgraded through sales and exchanges.
In 2005, Bixby converted to a privately held REIT. This decision initiated a strategic shift in which legacy retail assets were disposed of and reinvested into high-quality industrial and logistic properties. Just two years later, the company made an acquisition in Phoenix, AZ, marking Bixby’s first expansion outside of California with many more to come in later years.
Seeing the growing demand by tenants for a high-quality work environment, Bixby continued to execute on a number of inventive office redevelopment projects with institutional investors in 2011 in areas including Orange County, San Diego County, Silicon Valley and San Jose. Located just west of Levi’s Stadium in Santa Clara, its Silicon Valley project known as The Quad was an undertaking of 405,000 square feet and featured a two-acre Bixby Retreat amenities area. Bixby’s comprehensive approach to its office investment projects set them apart from others and created those dynamic, inviting work environments that made people look forward to coming in each day.
In 2018, propelled by the growth of its office-related ventures, Bixby formed its first industrial venture with institutional partners. One year later, the company made its first investments outside of the Western U.S., acquiring properties in Dallas, TX and Atlanta, GA.
Bixby’s rich history has influenced and led the company’s growth with a real estate portfolio of high-quality industrial and office properties equaling nearly 9 million square feet in 15 major U.S. markets.
Backed by its growing investment management team, Bixby is actively engaged with institutional investors through joint ventures and funds to purchase and intensively redevelop properties. From family roots to a company of more than 25 team members today, Bixby’s culture of integrity, professionalism and diversity is reflected in everything they do. Like the company’s founding family, Bixby continues to be a catalyst of change in the community as it builds a lasting legacy for future generations to come.
Copyright © 2023 BIXBY LAND COMPANY. All rights reserved.
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AARON HILL
CHIEF EXECUTIVE OFFICER AND PRESIDENT
Aaron Hill is Chief Executive Officer and President of Bixby Land Company. He leads the development and implementation of the company’s short-term and long-term strategies with a focus on growth, value creation and sustainability throughout all aspects of the firm. Hill is responsible for monitoring changes in market conditions, identifying market risks, setting policy and initiating strategic business partnerships. He is committed to guiding Bixby’s culture, values and behavior while managing the company’s resources. Hill previously served as the company’s Executive Vice President and Chief Operating Officer with responsibility for the operating performance of the portfolio. He directed in-house asset management, property management, leasing, marketing, design and construction.
Since joining the company in 2006 Hill has been instrumental in developing Bixby’s full service commercial real estate operating platform. Over his 20-year commercial real estate career he has been involved in more than $2 billion in investment transactions, the development or value-add repositioning of 8 million square feet of office, R&D and industrial properties in addition to negotiating lease transactions on over 12 million square feet of commercial property. Prior to joining Bixby Land Company, Hill held positions in asset management and finance at The Irvine Company.
Hill is currently a policy advisory member for the Fisher Center for Real Estate and Urban Economics at the University of California at Berkeley. Hill graduated from the University of La Verne with a bachelor’s degree in business administration and has completed advanced studies in real estate at Harvard University.
MARTY O’HEA
CHIEF FINANCIAL OFFICER AND EXECUTIVE VICE PRESIDENT
Marty O’Hea is Chief Financial Officer and Executive Vice President of Bixby Land Company. O’Hea directs all accounting, finance and capital markets activities at the company, including debt and equity financings, strategic planning, budgeting and forecasting, insurance and tax planning.
Since joining Bixby in 2010, O’Hea has been instrumental in positioning the firm’s capital base for new acquisitions through the recapitalization of Bixby’s entire portfolio. O’Hea has a 37-year background in real estate finance and is experienced in all forms of debt and equity structures. O’Hea previously served as Senior Vice President of Finance at Sares-Regis Group, where he financed more than 60 joint venture transactions totaling $1.5 billion. He was also Senior Vice President at Legacy Partners, where he was instrumental in the formation of the $330 million Legacy Partners Realty Fund I. O’Hea has also held financial positions at The Irvine Company and started his career in public accounting with Ernst & Whinney. He graduated Magna Cum Laude with a Bachelor of Science Degree in Accounting from Boston College and is a Certified Public Accountant.
MIKE SEVERSON
CHIEF INVESTMENT OFFICER
Mike Severson is Chief Investment Officer for Bixby Land Company. Severson directs all investment activity for Bixby drawing upon a 37-year background in real estate acquisitions, portfolio management and development.
Since joining Bixby in 2006, Severson has overseen the acquisition of more than 8 million square feet. Severson previously served as director and portfolio manager for The RREEF Funds, advising a CalPERS’ portfolio in California, Arizona and Texas that grew to 20 million square feet of office and industrial properties during his leadership. He handled $3.5 billion in acquisitions and dispositions in the reshaping of the CalPERS portfolio, including the majority of the $900 million Pacific Gulf Properties portfolio transaction in 2001 and the Southern California portion of the $2.1 billion Cabot Industrial Trust acquisition in 2002. Severson has also negotiated and built several build-to-suit developments and directed speculative developments totaling more than four million square feet.
Severson received his Bachelor of Science Degree in Business from the University of Southern California with an emphasis in real estate. He also received a Certificate in Commercial and Industrial Development Management from the University of California, Irvine. He is a licensed California Real Estate Broker, California General Contractor and a member of the Urban Land Institute (ULI) and the Pension Real Estate Association (PREA).
MATT ELA
EXECUTIVE VICE PRESIDENT, OPERATIONS
Matt Ela is Executive Vice President of Operations for Bixby Land Company. Ela is responsible for overseeing the day-to-day operations of the Company and directs Bixby’s office and industrial acquisition activities, with an emphasis on core-plus, value-add and opportunistic strategies in the South East. Ela is well-versed in portfolio valuation, leasing, management and acquisitions. With over 15 years of experience on the principal side of the business he also performs an integral role in developing and maintaining Bixby’s institutional relationships.
Since joining Bixby in 2010 and rejoining the team in 2017, Ela has been instrumental in the company’s acquisition strategy. Ela previously directed acquisition for Cruzan, where he was responsible for the firm’s initial acquisitions in Orange County and Portland. Ela is a graduate of the University of Oregon, where he received a Bachelor of Science degree in Business Administration with an emphasis in finance. He is an active member of NAIOP at the local and national levels and a member of their National Forums program. He has also completed NAIOP’s Young Professionals Group program.
REGINA SCHAFNITZ
SENIOR VICE PRESIDENT, FINANCE AND ACCOUNTING
Regina Schafnitz is Senior Vice President, Finance & Accounting for Bixby Land Company. Schafnitz oversees all accounting functions, human resources and IT infrastructures for the company. Additionally, Schafnitz assists the CFO with budgeting/forecasting, insurance, and tax planning processes.
Since joining Bixby in 2009, Schafnitz has brought her 16-year background in real estate accounting and finance to the team. Schafnitz began her career in the real estate assurance practice for Ernst & Young, moving on to become the Corporate Controller for LBA Realty. She graduated with a Bachelor of Science degree in Economics and Accounting from Claremont McKenna College and is an active Certified Public Accountant.
BILL DELANEY
SENIOR DIRECTOR, OPERATIONS
Bill DeLaney is the Senior Director of Operations at Bixby Land Company where he is responsible for the value enhancement of the firm’s joint venture and fund investments through asset positioning, leasing, capital improvement, asset management, and property management. DeLaney also assists with the sourcing of acquisitions, oversight of dispositions and investor communications related to the assets in his portfolio. Most recently, he directly managed the company’s balance sheet portfolio that consisted of over 6 million square feet throughout the United States.
Prior to joining Bixby in 2014, DeLaney worked in brokerage for Cassidy Turley. DeLaney has a Bachelor of Arts degree with a concentration in economics from Colorado College. He is a member of the Southern California Chapter of NAIOP and has completed NAIOP’s YPG program.
LINDSEY ENSIGN OLSON
DIRECTOR, INVESTOR RELATIONS AND ESG
Lindsey Ensign Olson is Director of Investor Relations and ESG for Bixby Land Company. Lindsey is focused on developing and managing relationships of Bixby’s current and prospective investors. Channeling her knowledge and expertise, Lindsey will also direct capital management growth opportunities within existing and future funds. Olson is also the company’s designated ESG Lead where she identifies appropriate benchmarking criteria in addition to developing and planning enhanced environmental standards for the real estate portfolio.
Olson has 10 years of diverse experience in the commercial real estate industry. Prior to joining the Bixby team, Lindsey was the Vice President of Business Development at Ten-X and held positions with KBS and Xebec Industrial Development where she successfully completed $375 million in real estate transactions and managed the acquisition of $100 million of Class A industrial development projects.
Olson is a graduate of Princeton University, where she received a Bachelor of Arts Degree in History. She is a member of the Southern California Chapter of NAIOP and has completed NAIOP’s YPG program.
TANIA CHAVEZ
DIRECTOR, PROPERTY MANAGEMENT
Tania Chavez is Director of Property Management for Bixby Land Company. Chavez is responsible for all operational activities associated with Bixby’s 8 million square foot office and industrial portfolio.
LEXI GEIGER
DIRECTOR, ACQUISITIONS
Lexi Geiger is Director of Acquisitions for Bixby Land Company. Geiger coordinates Bixby’s acquisitions efforts and is responsible for sourcing, analyzing, and executing acquisitions in the Western United States.
Since joining Bixby as an Acquisitions Associate in 2017, Geiger has been instrumental in Bixby’s acquisitions strategies and has been involved in growing the Company’s portfolio through the acquisition of $275 million in properties throughout the West, South and Southeast regions. Geiger has eight years of experience in the real estate industry with an emphasis on core-plus, value-add and opportunistic strategies. Prior to joining the Company, Geiger worked for Mark IV Capital, a private real estate firm based in Newport Beach where she was responsible for leasing, underwriting and valuing investment performance in select markets in the Western United States.
Geiger received her Bachelor of Science degree in Business Administration from University of Southern California, with an emphasis in Finance. She is a member of the Southern California Chapter of NAIOP and has completed NAIOP’s YPG program.
NICK MILLER
CONTROLLER
Nick Miller is the Controller for Bixby Land Company. Miller is responsible for overseeing the day-to-day accounting and treasury functions for the company. He also manages and coordinates with all external service providers including the facilitation of annual audits and tax initiatives.
Prior to joining Bixby in 2022, Miller served as the Vice President of Accounting at The Abbey Company and as the Controller at Shopoff Realty Investments. He began his career in the audit assurance practice for Deloitte with a focus on investment funds. He graduated with a Bachelor of Science in Accounting and a Master of Professional Accountancy, both from Brigham Young University.
ANGIE MENENDEZ
DIRECTOR, HUMAN RESOURCES AND CORPORATE WELLNESS
Angie Menendez is Director of Human Resources and Corporate Wellness Manager for Bixby Land Company. Menendez oversees all Human Resources functions including employee relations, benefits, payroll, leadership development, and compliance. Menendez is responsible for the development and execution of the corporate wellness strategy and oversees the Diversity, Equity, and Inclusion committee. Prior to joining Bixby, she worked over 20 years in various Human Resources roles for Ernst & Young, Edwards Lifesciences, and Leisure Sports Hospitality.
Menendez graduated with a degree in Communications from Arizona State University and has a Masters of Science in Health and Wellness Management from the University of Wisconsin, Green Bay. She is an active member of the Southern California chapter of Professionals in Human Resources Association (PIHRA).