Headlands Asset Management moves North to Basin Street Properties’ Petaluma Marina Business Center
Petaluma, CA (date May 9, 2016) – Basin Street Properties, a prominent Northern California real estate investor and developer, has signed a lease for 7,948 square feet with Headlands Asset Management in its Petaluma Marina Business Center. Headlands Asset Management is a private investment firm specializing in opportunities in residential mortgage loans. With over $800 million of assets under management, Headlands has invested nearly $1 billion across eight separate funds and four private label securities to achieve strong risk-adjusted returns on invested capital. “Three items prompted our move,” said Kristen Decker, Chief Financial Officer at Headlands. “Traffic, the Sonoma County talent pool and our business growth due to the strengthening real estate market.”
The new location at the junction of Highway 101 and Highway 116 greatly improves the daily commute for the entire Headlands staff. “We’ve been located in San Rafael for 13 years and over that time traffic patterns have changed and congestion increased,” said Decker. “The majority of the 20 people in our office live in Sonoma County and our new location significantly improves their commutes. Those of us that live in Novato or San Rafael will now have a pretty painless counter-commute.”
Sonoma County also provides a strong talent pool for hiring. “We’ve always had good luck hiring financial and mortgage industry talent in Sonoma County,” said Decker. “As we look to grow our team and move into mortgage servicing, our new location should help attract the high caliber people we want.”
The new space at Petaluma Marina Business Center allows them room to grow with the resurging real estate market and expand into mortgage servicing. “Our new location gives us room to grow as needed,” said Decker. “Also this location is better situated to foster stronger relationships with our Sonoma County customers and business partners.”
“Headlands moving north exemplifies the appeal of Petaluma and Sonoma County,” said Scott Stranzl, Vice President of Leasing for Basin Street Properties. “Improved quality of life, shorter commutes, cheaper rents and an equivalent employee talent pool.” Petaluma Marina Business Center consists of three, 3-story office buildings with approximately 116,380 square feet. It is located at the junction of Lakeville Highway 116 and Highway 101 overlooking the Petaluma River Marina. The location offers beautiful mountain and water views from most suites. There are also miles of walking and biking trails in the adjacent 300-acre Shollenberger Park.
About Basin Street Properties:
Basin Street Properties, established in Petaluma in 1974, is one of Northern California’s and Northern Nevada’s most prominent developers, investors and managers of commercial properties. Basin Street is widely recognized for its office, retail, hospitality, multi-family and mixed-use developments. The company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. For more information contact Mike Williams, Vice President of Marketing, 530.448.1986, firstname.lastname@example.org or visit basin-street.com.
About Headlands Asset Management:
Headlands Asset Management is a private investment firm specializing in opportunities in performing and re-performing residential mortgage loans. With over $800 million of assets under management, Headlands has invested nearly $1 billion across eight separate funds and four private label securities to achieve strong risk-adjusted returns on invested capital.
Our investment strategy is to acquire seasoned, performing first lien residential mortgage loans with broad diversification across the United States. Headlands’ twenty-seven experienced professionals and our unified investment process provide a highly scalable infrastructure and unparalleled risk mitigation through proprietary valuation and risk assessment models, in-house due diligence, loss mitigation, and specialized loan servicing. Our multi-tiered approach enhances post-investment yields and improves portfolio credit quality resulting in effective performance and achieving superior returns. For additional information, please visit Headlands.us.