JS Western is a privately held real estate investment firm focused on developing, acquiring and operating retail, office and other commercial properties in growing primary and secondary markets throughout the Western United States. JSW has long-standing relationships with real estate professionals in target markets who provide unique opportunities to create value. Founded in 2013, JS Western has developed a strong track record of above-average returns for its investors and is actively acquiring new assets.
JSW’s focus is on middle-market opportunities between $5mm - $25mm that reside below the radar of large institutional operators and above the means of individual commercial real estate investors. JSW acts as principals in partnership with individual and institutional capital partners.
JSW’s goal is to provide above-average risk adjusted returns by acquiring properties that provide immediate cash flow with potential for strong capital appreciation.
About Us
Direct: 818-230-7155
Email: scott@jswestern.com
Scott Tiano
Founder & Managing Partner
Mr. Tiano is responsible for JS Western’s long-term corporate and asset management strategy, equity and debt relationships. Prior to JS Western Mr. Tiano founded JS Western in 2013 to acquire core plus and value add investments on behalf of his private investors and family-office clients. JS Western’s current portfolio holds a value of approximately $200 million, with an additional $125 million in commercial property previously sold. Previously, from 2011 to 2013, he was a partner as LS Realty Group / LS Capital where he was involved in acquiring retail shopping centers and distressed debt throughout the Western US.. While at LS, he was also instrumental in sourcing and maintaining a variety of equity relationships ranging from high net worth individuals and family offices. Prior to joining LS, from 2004 to 2010, Mr. Tiano was a prominent real estate investment broker in Southern California and eventually co-founded Wilson Commercial Investment Sales Group (which was subsequently acquired by Jones Lang LaSalle). Mr. Tiano holds a Bachelor of Arts from UCLA in International Economics.
Mr. Tiano currently lives in Calabasas, CA and maintains an office in Encino, CA. As someone committed to both family and philanthropy, Mr. Tiano balances his time with his wife and two children and serves on the board of Jewish Big Brothers/Big Sisters. Mr. Tiano has also been an active “big brother” since 1998. Mr. Tiano also serves as Co-Chair of The Network, which is the alumni organization serving all graduates of leadership programs offered through The Jewish Federation. In his spare time, Mr. Tiano plays the drums, coaches little league and enjoys hiking, kayaking and being outdoors.
Acquisition Criteria
Our focus is on internet-resistant, daily-needs retail in dynamic sub-markets of major metropolitan areas.
PRICE: $5m - $25m
SIZE: 20,000 sf or more
PREFERRED LOCATIONS:
AZ (Phoenix)
CA (San Diego, Los Angeles,
Bay Area)CO (Denver MSA)
OR (Portland)
NV (Las Vegas)
WA (Seattle)
UT (Salt Lake City)
Sub-markets exhibiting a high concentration of medical and government service uses are of particular interest.
PROPERTY TYPES
Neighborhood and community anchored centers
Strip centers (un-anchored)
Urban and mixed-use properties
Retail boxes with value creation potential
Creative office
Portfolios and individual assets.
Established locations with strong incomes and population growth.
Markets with barriers to entry.
Average household income in the upper percentile for the market.
Necessity-based retail properties.
Stabilized properties or properties in need of re-positioning, value enhancement or expansion.
Value-Add
Core-Plus
IRR Target: 12% (leveraged)
Hold: 5-7 year
Our Core-Plus strategy seeks currently cash-flowing assets that have a component that allows us to create value, though at a lesser degree than our Value-Add assets. Examples of such components are below market rents, acquiring the asset off-market at some discount.
IRR Target: 15% (leveraged)
Hold: 3-5 year
Value-Added opportunities offering potential near-term revenue enhancements that could result from re-positioning the tenant mix, leasing vacancies, building expansion space for existing or new tenants and building out pads.