TORRANCE, Calif. —Storm Properties, Inc., an active acquirer, developer, owner and manager of industrial and commercial property, with a primary focus in Southern California, is pleased to announce the addition of Alan Kwan as acquisitions manager to its team.
In his new position, Mr. Kwan will be responsible for originating and identifying value-add real estate investment opportunities for the firm, ranging from income producing industrial and multifamily assets to residential and multi-family development for Storm Properties, Inc. and its sister company Storm Western Development, Inc. In addition to sourcing new acquisitions, he will handle investor relations.
“We are delighted to have Alan on our team. He has an impressive breadth of experience in acquisitions, both as investments and for development, which will contribute to our aggressive growth path,” said Jay Ahluwalia, president of Storm Properties and Storm Western Development.
Alan Kwan contributes more than 10 years of financial, real estate and transactional experience to Storm’s team. Prior to joining Storm, Mr. Kwan was at Los Angeles-based Rexford Industrial, LLC, where he was responsible for acquisitions, dispositions, and financing activities for more than 36 value-add and opportunistic industrial real estate acquisitions. He also previously held acquisitions and asset management positions at The Garrett Group, LLC, and McGladrey Capital Markets.
Mr. Kwan is a graduate of the University of California, Irvine, and earned a Certificate in Construction Management at the University of California, Riverside. He is a licensed California Real Estate Broker.
Storm Properties, Inc. and Storm Western Development, Inc. are subsidiaries of Torrance-based Storm Industries, Inc., an innovative and entrepreneurial organization with a growing family of companies. Over its 80-year history, Storm has evolved from a single brass foundry in Los Angeles to a highly diversified group of businesses operating across the globe. Storm Properties has been engaged in the development, management and sale of industrial, commercial and multifamily real estate for more than 40 years. Storm has successfully developed nearly 1 million square-feet of industrial and commercial buildings. The company currently operates a diverse portfolio of industrial, retail, and multi-family properties and land, and is targeting significant growth through further acquisitions. Its sister company, Storm Western Development, has been acquiring, entitling and developing single family and multi-family residential units for sale for 30+ years, and is actively developing several residential communities in the Southern California region.