Beverly Hills, CA — Bolour Associates Inc. (BOLOUR), a privately owned real estate investment, development and finance company, has expanded into a new headquarters in Beverly Hills, California. The relocation doubles BOLOUR’s office footprint from 4,000 to 8,000 square feet and makes way for significant anticipated growth within its lending business – a strategy that will expand its private lending services into 20 states and double its staff size by the end of 2020.
The new BOLOUR headquarters is located at 8383 Wilshire Blvd., Suite 460 in Beverly Hills. It will continue to house BOLOUR’s finance, investment and development teams.
“One of our greatest strengths at BOLOUR is empowering long-term investment and development in strategic locations. Over the years, we’ve evolved from our California roots and are now activating this strategy in key growth markets across the nation,” said BOLOUR CEO Mark Bolour. “The new headquarters gives us the space we need to expand our team and support our investment and development platforms in a growing list of gateway cities.”
BOLOUR’s expansion targets growth markets in every major region of the U.S. and is expected to triple the size of the company’s private lending business. This includes servicing a large clientele of individual family offices with short-term, yield-producing investment opportunities reinforced by BOLOUR’s operator-oriented expertise
BOLOUR also expects to double its employee count – from 25 to 50 employees – by the end of 2020, with the majority of that growth initiating through its lending and development functions.
In addition to lending, this year BOLOUR plans to acquire more than $300 million in commercial real estate. It also has a development pipeline exceeding $500 million in ground-up projects spanning the multifamily, office, retail and hospitality sectors, with $100 million of these projects being designed and built by BOLOUR’s fully integrated in-house team.
“Urban infill, transportation-oriented projects represent a significant part of our acquisition, development and lending strategy,” said Bolour. “These innovative, forward-thinking districts are poised for strong growth with tremendous interest from Millennials, tech companies and other organizations that want to locate in new hubs of business and lifestyle.”
Signifying its continued evolution, BOLOUR is also launching a new company brand including its logo, collateral and website, that will debut this year.