Jeff Hedges, a 15-year veteran as a senior financial and commercial real estate expert, was named partner for Newport Beachbased North Palisade Partners LLC.
“Jeff brings a tremendous amount of experience and leadership in finance and investment. In particular, his knowledge of REITs is not only impressive but will provide an important aspect to accelerate our current and future growth,” said Joe Mishurda, founder of North Palisade Partners.
Prior to joining North Palisade Partners, Hedges served as Executive Vice President and Chief Financial Officer at PS Business Parks, a NYSE traded real estate investment trust (REIT) focused on owning and operating nearly 30 million rentable square feet of primarily industrial and industrial-flex properties.
Earlier in his career, Mr. Hedges served as Senior Vice President, Accounting and Reporting for Invitation Homes, which was formerly known as Starwood Waypoint Homes. A NYSE traded REIT, Invitation Homes focused on owning and renting singlefamily residential real estate in several markets throughout the United States.
Mr. Hedges’ career began at Ernst & Young, LLP based in San Francisco. There, he held various positions including Senior Manager in the Transaction Advisory Services practices where he advised private equity, sovereign wealth, and corporate clients on asset and entity level mergers and acquisitions until his departure in 2015.
A certified public accountant in the State of California (inactive), Mr. Hedges is a graduate of Arizona State University’s W.P. Carey School of Business, where he earned a bachelor’s degree in finance, and the University of Pennsylvania’s Wharton School, where he earned a master’s in business administration (MBA). He currently serves on the Finance Advisory Board of the W.P Carey School of Business at Arizona State University and resides with his wife and three children in the Los Angeles area.
North Palisade Partners pursues various opportunistic and value-add investment strategies, including ground-up development, land entitlement and building repositioning. Recently, North Palisade acquired three industrial and self-storage development properties across the Southern California region for a total of $125 million. In addition, the company has more than $500 million of additional acquisitions under contract.