Early Career:
Warren “Ned” Spieker began his early Real Estate career in 1967 before he joined Trammwell Crow Company in 1970. He became Managing Partner of the company between 1970 and 1987 and during this time he was responsible for the acquisition and development of over 18 million square feet of commercial real estate space. He went on to form Spieker Partners before launching Spieker Properties in 1993.
Business
Spieker Properties have a market cap in excess of $5 billion with assets spanning across 41 million square feet of properties and developments. Warren Spieker set up one of the most successful real estate trusts in the country, specializing in high-quality commercial and industrial properties. The group developed a reputation for paying a premium price for properties in the best locations and developing a better project than their competition. In addition to development the company specialised in ownership of industrial and shopping centers in the US.
In 2001 Spieker Properties was purchased by Equity Office Properties Trust’s for for $5.1 billion in cash and stock plus $2.1 billion in debt completes. The sale was the largest in US real estate history at the time making Equity Offices the largest public real estate company in the US.
Ned is the Chairman and founder of a large-scale seniors community company called Continuing Life Communities. The group’s “Live Better and Live Longer” mantra is the guiding principle for enriching the lives of seniors, helping them to get more out of retirement.
Special Projects
Spieker Properties became one of the leading owner operators of commercial real estate in Sacramento and West USA. In latter years Mr.Spieker transitioned his focus to senior citizen developments, creating six industry leading facilities between San Francisco and San Diego.
