Industrial
In the early 1990s an opportunity presented itself for Diversified to become the master developer of the Gillespie Field Business Park in El Cajon (“GFBP”). This opportunity began with a build to suit for Taylor Guitars, launching a relationship that has matured over the years. Taylor still occupies that first building in addition to having grown into 6 other buildings within the GFBP. Today GFBP represents one of the company’s most significant real estate holdings.
In 1995 Ned Banning joined Diversified Properties, bringing 16 years of expertise as a leading agent with CBRE. Ned was a critical addition to the Diversified team during a time when the market had become highly competitive, and solid reputations and sound relationships became critical to being able to secure new business opportunities. Ned was able to draw on his many years as a highly respected agent to provide Diversified with opportunities to compete for various types of acquisitions. The real estate business, to a significant extent, is built on trust earned over time. It is based on people working with people to accomplish a common goal. Building relationships that transcend the immediate business objective is a significant benefit that many have enjoyed.
The turn of the calendar to the year 2000 brought several key opportunities to the company with the development of Mesa View Plaza, a five-story class A office building in Kearny Mesa developed in a joint venture with RREEF Investments, the company’s first institutional joint venture.
In the same year the company was fortunate to be the successful buyer of a prime office site in Sabre Springs. The property was purchased from Pardee Homes in a highly competitive offering and stands today as a very successful office project.
Later that year the company was retained by RREEF Investments to provide the Development Management Services for Pacific Center III, a six story Class A office
project located in Sorrento Mesa.
Our Story
Diversified Properties was founded in 1972 when Skip Tschantz built a 2-story office building in the heart of Kearny Mesa. The project turned out to be a success and that was the beginning of Diversified Properties.
After graduating from the University of San Diego, Rob, Skip’s son, officially joined Diversified Properties. With an early introduction to construction, Rob gained hands-on experience from a young age, working in various roles across the company beginning with daily property maintenance and assisting with all aspects of property management. He now oversees daily operations and plays a key role in driving future opportunities.
In the early years and through the 1980s the company not only remained focused on Kearny Mesa as its primary area in San Diego, developing several projects, but also ventured outside of San Diego to develop projects in Phoenix, Fresno and Los Angeles. Although the eighties were very good to us they were not without significant challenges. In retrospect, those years were very instrumental in helping us to establish meaningful relationships in the business community that provided a platform for future opportunities that carried over into the 90s.
Life Sciences
The mid 1990s brought another opportunity to the company with the development of several properties in the Carlsbad Research Center in Carlsbad, California (“CRC”). The CRC provided Diversified with its introduction to the Life Science market and today all of the company’s properties in the CRC are occupied by premier life science tenants. With this opportunity to break into the Life Science market the company was well positioned to capitalize on its experience in this sector, purchasing several acres of land in the UTC area of San Diego to develop Eastgate Pointe, which became the first campus for Illumina, the world leader in genome sequencing technology.
Residential Community
2006 brought a diversion from the company’s historical product type with the purchase of 550 acres of residential property located in Polson, Montana. The strategy was to develop Stonehorse, a residential community at the south end of Flathead Lake. After completion of the initial phase of infrastructure and recording of plats for the first 37 homesites, the property was taken to the market in July of 2007 coinciding perfectly with the beginning of the “Great Recession”!
This was obviously a blow to the project and even though all of the original 37 homesites have been sold, the project has never fully recovered from the initial setback brought on by this major economic downturn. Although all original 37 homesites have been sold, the project has never fully recovered from its initial challenges. We continue to maintain ownership and management of Stonehorse and believe that one day the right opportunity will surface for this property to realize its full potential.
A Strong Team
In recent years, the company has been fortunate to add Jenin Anderson, Colton Anderson and Omar Padilla to the Diversified team, each bringing unique
expertise to our mission of delivering exceptional service to our properties. Jenin, Colton and Omar play a crucial role in ensuring the operational efficiency of each property under our management and stewardship responsibility. Whether
working with global leaders like Novartis, TE Connectivity, Taylor Guitars or companies with more of a local focus, we aim to provide our services in a nimble and efficient manner, becoming a valuable partner and contributor to the success of our tenants.
Our Story
Diversified Properties was founded in 1972 when Skip Tschantz built a 2-story office building in the heart of Kearny Mesa. The project turned out to be a success and that was the beginning of Diversified Properties.
After graduating from the University of San Diego, Rob, Skip’s son, officially joined Diversified Properties. With an early introduction to construction, Rob gained hands-on experience from a young age, working in various roles across the company beginning with daily property maintenance and assisting with all aspects of property management. He now oversees daily operations and plays a key role in driving future opportunities.
In the early years and through the 1980s the company not only remained focused on Kearny Mesa as its primary area in San Diego, developing several projects, but also ventured outside of San Diego to develop projects in Phoenix, Fresno and Los Angeles. Although the eighties were very good to us they were not without
significant challenges. In retrospect, those years were very instrumental in helping us to establish meaningful relationships in the business community that provided a platform for future opportunities that carried over into the 90’s.
Industrial
In the early 1990’s an opportunity presented itself for Diversified to become the master developer of the Gillespie Field Business Park in El Cajon (“GFBP”). This opportunity began with a build to suit for Taylor Guitars, launching a relationship that has matured over the years. Taylor still occupies that first building in addition to having grown into 6 other buildings within the GFBP. Today GFBP represents one of the company’s most significant real estate holdings.
In 1995 Ned Banning joined Diversified Properties, bringing 16 years of expertise as a leading agent with CBRE. Ned was a critical addition to the Diversified team during a time when the market had become highly competitive, and solid reputations and sound relationships became critical to being able to secure new business opportunities. Ned was able to draw on his many years as a highly respected agent to provide Diversified with opportunities to compete for various types of acquisitions. The real estate business, to a significant extent, is built on trust earned over time. It is based on people working with people to accomplish a common goal. Building relationships that transcend the immediate
business objective is a significant benefit that many have enjoyed.
Life Sciences
The mid 1990’s brought another opportunity to the company with the development of several properties in the Carlsbad Research Center in Carlsbad, California (“CRC”). The CRC provided Diversified with its introduction to the Life
Science market and today all of the company’s properties in the CRC are
occupied by premier life science tenants. With this opportunity to break into the Life Science market the company was well positioned to capitalize on its experience in this sector, purchasing several acres of land in the UTC area of San
Diego to develop Eastgate Pointe, which became the first campus for Illumina,
the world leader in genome sequencing technology.
The turn of the calendar to the year 2000 brought several key opportunities to
the company with the development of Mesa View Plaza, a five-story class A office building in Kearny Mesa developed in a joint venture with RREEF Investments, the company’s first institutional joint venture.
In the same year the company was fortunate to be the successful buyer of a
prime office site in Sabre Springs. The property was purchased from Pardee
Homes in a highly competitive offering and stands today as a very successful office project.
Later that year the company was retained by RREEF Investments to provide the Development Management Services for Pacific Center III, a six story Class A office project located in Sorrento Mesa.
Residential Community
2006 brought a diversion from the company’s historical product type with the purchase of 550 acres of residential property located in Polson, Montana. The strategy was to develop Stonehorse, a residential community at the south end of Flathead Lake. After completion of the initial phase of infrastructure and recording of plats for the first 37 homesites, the property was taken to the market in July of 2007 coinciding perfectly with the beginning of the “Great Recession”!
This was obviously a blow to the project and even though all of the original 37 homesites have been sold, the project has never fully recovered from the initial setback brought on by this major economic downturn. This economic downturn was a significant setback for the project. Although all original 37 homesites have been sold, the project has never fully recovered from its initial challenges. We continue to maintain ownership and management of Stonehorse and believe that one day the right opportunity will surface for this property to realize its full potential.
Later that year the company was retained by RREEF Investments to provide the Development Management Services for Pacific Center III, a six story Class A office project located in Sorrento Mesa.
An Incredible Team
In recent years, the company has been fortunate to add Jenin Anderson, Colton Anderson and Omar Padilla to the Diversified team, each bringing unique
expertise to our mission of delivering exceptional service to our properties. Jenin, Colton and Omar play a crucial role in ensuring the operational efficiency of each property under our management and stewardship responsibility. Whether
working with global leaders like Novartis, TE Connectivity, Taylor Guitars or companies with more of a local focus, we aim to provide our services in a nimble and efficient manner, becoming a valuable partner and contributor to the success of our tenants.
