The privately held Watt Cos., a developer, owner and manager of real estate on the West Coast, has reorganized.
As of third quarter 2022, the 75-year old firm plans to divide its assets among five groups of Watt Family shareholders. The five groups will launch new real estate firms to manage the allocated assets as well as create new business development opportunities. The newly formed corporations are: Watt Capital Developers, Watt Capital Partners, SR Watt Company, AJ Watt Enterprises, Inc. and Williams & Watt Incorporated.
“We are so proud of the team at Watt Companies that has built upon the legacy of our founder and my grandfather Ray Watt,” said Watt Companies President and CEO Nadine Watt. “Creativity, collaboration, world-class quality and a consumer-focused approach have been key ingredients to our growth and success for generations, and we are excited to build on those fundamental characteristics as we chart a new path forward.”
Each of the
