Development & Investment Firm
Revitalizing Retail Spaces.
The West Hive Capital Vision
Building the Future of Retail Redevelopment
At West Hive Capital, we are redefining retail redevelopment, transforming underperforming properties into thriving destinations. Our talented team, exceptional real estate opportunities, and distinctive investment approach combine to create a welcoming and innovative experience for investors and communities alike. As retail centers evolve and adapt to economic shifts, our vision is to capitalize on these trends and become a top leader in retail redevelopment. We aim to achieve this by implementing our proven investment model to construct a portfolio of value-add properties that will be rolled up into a portfolio of institutional-grade assets.
We believe in the power of collaboration, with development seen as a team sport where success is built on working together. Our passion for our work drives us to continuously improve, and we place a high value on effective communication to ensure top-notch service. Our deals are structured to create a win-win-win scenario, benefiting all parties involved.
Our purpose is deeply nostalgic, as we cherish the opportunity to revitalize community spaces and breathe new life into them. We focus on underperforming retail centers in Southern California, seeing immense potential for positive change in these areas. Our approach goes beyond financial returns; we put the community first. By transforming outdated strip centers into attractive, vibrant spaces, we enhance property values and create environments that foster community pride and connection. This dual focus ensures that our projects benefit both investors and local residents.
At West Hive Capital, we are dedicated to making a positive impact on the communities we serve while achieving exceptional outcomes for our investors.
The West Hive Advantage
Our unique strengths lie in our deep understanding of the Southern California market, our seasoned and established development team, and our roots in commercial construction. This foundation gives us a unique edge in executing complex redevelopment projects. Our proven process is exemplified by the successful redevelopment of the Western Plaza Shopping Center in Rancho Palos Verdes, CA. We guarantee that our investors profit before West Hive Capital, ensuring their trust and confidence in our ventures.
We have assembled a team of industry experts across real estate development, construction, capital markets, and technology to deliver an unparalleled experience and the highest potential returns for investors. We believe this is a once-in-a-generation opportunity to capitalize on a market shift that is prime for our business model.
Why Southern California Value-Add Retail?
Rising Consumer Demand
Southern California's dynamic population growth and diverse demographics drive a constant demand for retail spaces, ensuring a steady stream of potential customers and tenants.
Prime Locations
Value-add retail properties in Southern California often occupy prime locations in high-traffic areas, providing a significant advantage in attracting customers and top-tier tenants.
Redevelopment Potential
Many retail properties in Southern California are ripe for redevelopment, offering opportunities to modernize and enhance their appeal, thereby increasing property value and rental income.
Economic Resilience
Southern California's economy is robust and diverse, providing a stable environment for retail investments. The region's economic resilience makes it an attractive market for value-add strategies.
Comparative Advantage
With office spaces experiencing high vacancy rates and multifamily properties facing compressed cap rates, value-add retail stands out as a more lucrative investment. Retail properties offer better returns and greater flexibility in lease structures.
Strong Corporate Leases
Many value-add retail properties feature long-term leases backed by large, financially stable retailers, ensuring reliable income streams and reduced investment risk.
NNN Leases
Triple Net (NNN) leases, common in retail, mean tenants cover property expenses such as taxes, insurance, and maintenance. This structure reduces operating costs and increases net income for investors.
Undervalued Asset Class
Retail has often been underestimated, making it an undervalued asset class with significant upside potential. As others have counted out retail, strategic investors can capitalize on this opportunity.
Community Revitalization
Investing in value-add retail not only enhances property values but also contributes to community revitalization, creating vibrant shopping destinations that benefit local residents and businesses alike.
Vacancy Rates
Retail properties in Southern California boast low vacancy rates, driving demand and allowing landlords to command higher rents, enhancing the investment's profitability
A Legacy of Construction Management
Our roots run deep with a rich history of successfully completed projects.
$35+ Million
In assets under management for value-add retail properties since inception.
64 Investors... and counting
Including accredited investors, family offices, private equity, and SD IRA/401K.
500+ Construction Projects Completed
We aren’t a typical developer. Our roots are in Construction Management.
40+ Years In Construction Management
Extensive background in Construction Project Management, Design Development & Construction Budgeting.
30+ Years in Real Estate, Retail Operations & Acquisitions, and Investment Management
Combined experience, including retail operations, management of significant assets, and numerous successful transactions.a
2x+ Equity Multiple
Our projects typically double investors’ equity upon sale, with an average hold period of less than 36 months, reflecting the strength and profitability of our approach.
A Legacy of Construction Management
Our roots run deep with a rich history of successfully completed projects.
$35+ Million
In assets under management for value-add retail properties since inception.
64 Investors... and counting
Including accredited investors, family offices, private equity, and SD IRA/401K.
500+ Construction Projects Completed
We aren't a typical developer. Our roots are in Construction Management.
40+ Years In Construction Management
Extensive background in Construction Project Management, Design Development & Construction Budgeting.
30+ Years in Real Estate, Retail Operations & Acquisitions, and Investment Management
Combined experience, including retail operations, management of significant assets, and numerous successful transactions.
2x+ Equity Multiple
Our projects typically double investors' equity upon sale, with an average hold period of less than 36 months, reflecting the strength and profitability of our approach.
Value-Add Retail Track Record
6
Retail Centers in Development
As of July 2024 with a deep pipeline of ongoing acquisitions
$35M+
Portfolio Value
As of July 2024 West Hive Capital is in the process of aggressive acquisition, tracking to close the year out with over $100M AUM.
Meet the West Hive Capital Team
Kyle Gorman - Managing Principal
Kyle Gorman took his construction management background and his passion for real estate and deal making and created West Hive Capital in 2022-his latest and most exciting venture.
Kyle is a serial entrepreneur and has owned and operated various companies in the design, build, development, or retail sectors. His career has traversed a variety of industry submarkets, including his earlier years as a financial analyst for investment sales, to commercial real estate brokerage, to program management, owner representation, and construction management of ground-up developments and large-scale interior renovations. Eventually entering the industry of commercial and retail property development.
Kyle has received a nominations for Entrepreneur of the Year and Innovator of the year by OCBJ in 2020. Inc. Magazine ranked SCGWest No. 307, one of Kyle’s previous companies, in their annual edition of the 5000 fastest growing companies in the United States.
He is an active member of the Entrepreneur Organization – OC Chapter. He is also a sponsor of the local branch of the charity CHOC, as well as various other community organizations in Orange County. He holds a General Contractor’s License and a California Real Estate License.
Today, Kyle lives in San Juan Capistrano, CA where he enjoys the beach, hiking, boating, baseball, and trying new restaurants “for work.”
Brandon Lehman - Managing Principal
Brandon is an industry award-winning entrepreneur. His background in engineering and management has proven essential in the development of the internal streamlined systems and processes of the company. Brandon leverages more than 14 years of experience in the development industry to lead the company’s project development and operational efforts.
After retiring from professional BMX Racing in 2004, Brandon earned a Bachelor of Science in Engineering from Arizona State University. Since then, his career has involved numerous facets of the development business throughout a variety of different submarkets. His diverse career has made him a top expert to oversee and manage entire multi-location rollout programs from design conception to completion for national brands.
He is an active participant and sponsor of the local branch of the charity Habitat for Humanity as well as various other charity organizations throughout Orange County and Arizona. He holds a General Contractor’s License in multiple states and is generally involved during the design and construction phases, focused on the goal of Building Better Communities.
Today, Brandon lives in Newport Beach, CA where he enjoys mountain biking, boating, surfing, camping, motorcycles, and the beach.
Tanner Stevens - VP of Operations
As a seasoned professional with 14 years of extensive experience in the industry, Tanner has dedicated his career to designing, building, and opening remarkable restaurant and retail facilities.
He has owned and operated a thriving multi-unit coffee company in Kansas City, and he understands the challenges and nuances of building and managing successful businesses from the ground up. This entrepreneurial background has equipped him with a unique perspective and a deep appreciation for the value of efficient project management and strategic decision-making.
Tanner’s commitment to excellence extends beyond individual projects. He is adept at fostering strong relationships with clients and industry partners, which has contributed to his reputation as a trusted and reliable professional in the field.
At West Hive Capital, his goal is to continue leveraging extensive knowledge and skills to help create exceptional spaces that not only meet clients’ aspirations but also exceed their expectations. He is driven by the desire to contribute to the growth and success of businesses, making a lasting impact on the industry and the communities he serves.
