Dewitt H. Smith III, President and CEO
Devereux Management Company is an integrated real estate investment and operating firm that owns and operates income producing commercial properties through limited partnerships and joint ventures for which it serves as general partner or managing member. Devereux provides asset management, property management, construction management and leasing services to the investment entities utilizing its own management team or approved affiliates.
The company is the managing general partner for limited partnerships and/or joint ventures that own commercial real estate in Arkansas, Tennessee, Mississippi, South Carolina, and Wisconsin. Devereux was founded by President and CEO Dewitt H. Smith III, who has more than 35 years experience in commercial real estate development, investment, and management. He has previously managed property portfolios valued in excess of $450 million dollars and consisting of more than 3.5 million square feet of commercial space.
Devereux follows a conservative strategy that eschews speculation, opting instead for solid more predictable risk adjusted yields from core income producing real estate in lieu of higher-risk strategies. The key elements of this strategy include focusing on properties a) with superior locations, b) with a stable existing rent roll, c) located in secondary and tertiary markets in the Sunbelt, d) which have minimum deferred maintenance, and e) which are appropriate for a long-term holding period. Included among the professional services offered by Devereux are consulting or active participation in the following:
- Financial Modeling and Analysis
- Corporate Finance
- Debt and Equity Financing
- Strategic Planning
- Complex Transactions
- Joint Ventures
- Governmental Relations
- Marketing and Public Relations
- Property Management
- Asset Management
If you’d like to learn more about Devereux Management Company, please contact Mr. Smith at email@example.com