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| R.J. Sommerdyke |
IRVINE, CA – Meridian, a
full-service real estate developer specializing in acquiring and developing
real estate facilities for the healthcare sector, announced R.J. Sommerdyke has joined the
company’s acquisition team in Southern California.
Sommerdyke will play a key
role in expanding Meridian’s platform of acquiring value-add healthcare
properties throughout Southern California.
“We are very excited to
welcome R.J. to our team and expand our presence in Southern California,” said John Pollock, Chief Operating Officer
of Meridian, “R.J.’s experience and extensive relationships throughout the
region will be a major asset to our organization.”
In his new position,
Sommerdyke will be responsible for all aspects of acquiring value-add healthcare
properties and client-driven development sites in Los Angeles, Orange and San
Diego counties.
“We’re looking to
aggressively expand our foothold in Southern California,” said Pollock. “We
estimate the size of our target healthcare market in Southern California to be
approximately three times larger than that of Northern California, which
presents a tremendous opportunity to do deals.”
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| John Pollock |
“Meridian is an industry
leader in the healthcare sector and I’m extremely excited to be part of such a
remarkable organization,” said Sommerdyke. “They have been highly successful in
Northern California and I’m looking forward to helping build upon that success
in Southern California.”
Meridian’s entry into the
Southern California market kicked off earlier this year with the $37.5 million
purchase of Cotton Medical Center in Pasadena.
“As evidenced by the acquisition
of Cotton, Meridian possesses the expertise, capital and focus necessary to
effectively execute in today’s competitive environment,” said Sommerdyke. “I’m
very excited about our growth plans and what the future holds.”
Sommerdyke will be based
out of Meridian’s Irvine office. He previously served as Director of
Acquisitions for Project Dimensions, Inc., where he was responsible for the
acquisition, development and dispositions of office, industrial and residential
properties throughout the west coast.
Prior to Project Dimensions, Sommerdyke
spent five years as the Director of Acquisitions for Centra Realty Corporation,
where he developed and acquired over one million square feet of commercial
properties and became one of the largest private commercial developers in
Orange County. Sommerdyke attended the University of Southern California, where
he graduated from the Marshall School of Business with a master’s degree.
For a complete copy of the company’s news release,
please contact:
Anne Monaghan
MONAGHAN COMMUNICATIONS,
INC.
anne@MonaghanPR.com
830.997.0963
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