Sima Corpoation

SIMA Corporation, established in 1984 and headquartered in Santa Barbara, is a privately held real estate investment firm specializing in the acquisition and management of diverse real estate opportunities. The SIMA family of operations includes SIMA Corporation (real estate acquisitions), SIMA Management Corporation (asset management, property management, and leasing), Swell Athletic Clubs (high-end health and wellness facilities), and boutique hospitality holdings, which encompass the charming Landsby Hotel, the exquisite Santa Ynez Inn, and the stylish Vintages.

Our portfolio includes commercial, retail, residential, health club, hospitality, and mixed-use properties located in strategic markets across California, Oregon, Georgia, Tennessee, Alabama, and Mississippi. The portfolio comprises approximately 3.2 million square feet, which includes approximately 1,900 apartment units, 71 hotel rooms, and a 190-space high-end RV Park in Oregon's wine country. With over 35 years of experience as a full-service real estate firm, SIMA has demonstrated the ability to identify opportunities and create value in an ever-changing investment landscape.

Core Strengths

SIMA's core strengths lie in its ability to identify opportunities, resolve core challenges, address legal issues, provide new debt or equity capital, create and implement effective asset plans, and complete the exit strategy to meet or exceed investor expectations. The team's expertise spans various aspects of the transaction cycle, ensuring that each project is approached with discipline and skill.

Executive Team

*James P. Knell, Chairman*: With over 40 years of real estate industry experience, Mr. Knell founded SIMA Corporation in 1984 and has grown the portfolio into a strategically diverse holding of commercial, retail, residential, health club, hospitality, and mixed-use properties across multiple states.

*Kevin J. Burnes, President*: As President of SIMA Corporation and SIMA Management Corporation, Mr. Burnes is responsible for developing and implementing the strategic vision and refining the business model to facilitate consistent growth for the SIMA entities. He has over 25 years of industry experience and has played a significant role in SIMA's portfolio growth.

*Janice Lesin, President - Swell Athletic Clubs / Executive - SIMA Corporation, SIMA Management Corporation*: With over 30 years of experience in finance, business strategy, and management, Ms. Lesin is responsible for developing the organization's strategic vision and implementing policies and procedures to accomplish that vision as the President of Swell Athletic Clubs and an Executive at SIMA.

Services Offered

SIMA specializes in providing industry-leading property management and leasing services for commercial, retail, and multifamily properties owned and/or controlled by SIMA-related entities. Our team's extensive experience, timely financial reporting, and proactive management approach ensure a superior level of service to tenants, investors, affiliates, brokers, and vendors.

*Acquisitions*: SIMA's acquisition approach is centered on acquiring underperforming or undervalued real estate projects, actively managing them to maximize cash flow, and opportunistically refinancing or selling them.

*Asset Management*: SIMA Management Corporation oversees the asset management function, which includes developing and implementing asset plans, resolving core challenges, addressing legal issues, and managing the exit strategy for each asset.

*Property Management*: SIMA's property management services focus on maximizing the value of each property through efficient and cost-effective maintenance, lease administration, tenant relations, and financial reporting.

*Leasing*: SIMA's leasing services encompass marketing, lease negotiation, and tenant relations, ensuring the highest occupancy levels and maximized revenue for each property.