"We create value and profit by acquiring, developing, renovating, and managing real estate with strong fundamentals that provide an advantage in the marketplace."
Douglas Realty Group (DRG) has expertise in the development of real estate for third parties. DRG is fully equipped to serve as the real estate development arm for third parties that do not want to staff and manage real estate services internally. DRG has worked on a fee basis for Shurgard Storage Centers (now Public Storage, Mike's Car Wash and Qlube (now Jiffy Lube).
DRG is equipped to serve as an "out-sourced" real estate department and development arm. These services would include:
Shurgard Storage
DRG worked with
Shurgard Storage Centers (who was a Seattle based Real Estate
Investment Trust) as their preferred developer for the expansion of
their Indiana portfolio. DRG was directly involved with the ground up
development of 6 – 60,000+ square foot self storage facilities as well
as the acquisition of 3 others. This successful development program
resulted in Shurgard gaining a stronghold in the Indianapolis Self
Storage market, which ultimately contributed to the sale of the entire
portfolio to Public Storage.
Mike's Car Wash
DRG worked with Mike’s Car Wash and
Qlube Oil Change Centers on expansion throughout the Indiana and Ohio
markets. During this period of time, DRG assisted Qlube in the
development of 15 new oil change locations and worked with Mike’s Car
Wash on 3 sites in the Indianapolis market. Additionally, DRG assisted
Mikes Car Wash on the identification of Cincinnati, Ohio as an
expansion market for their concept, where they now have 10 plus
locations.