OUR HISTORY

CYCLE TESTED. FOCUSED ON EXECUTION. STRONG ALIGNMENT.

Since 1994, we have continually strived to identify and maximize opportunities to generate outstanding risk-adjusted returns throughout economic and real estate cycles.  Since acquiring our first property over 20 years ago, we have continued along the same path honing a focused strategy that worked well then and continues to work well today. It is a simple formula – invest in corporate office campuses in high-demand, tech-centric markets that attract the best and the brightest knowledge workers who drive technology innovation.

CYCLE TESTED. FOCUSED ON EXECUTION. STRONG ALIGNMENT.

Since 1994, we have continually strived to identify and maximize opportunities to generate outstanding risk-adjusted returns throughout economic and real estate cycles.  Since acquiring our first property over 20 years ago, we have continued along the same path honing a focused strategy that worked well then and continues to work well today. It is a simple formula – invest in corporate office campuses in high-demand, tech-centric markets that attract the best and the brightest knowledge workers who drive technology innovation.

COMPANY TIMELINE

1994

  • Menlo Equities is founded by Henry Bullock (1955 – 2019: In Memoriam) and Rick Holmstrom.
  • Menlo acquires its first office property in Silicon Valley at 20525 Mariani Drive, Cupertino. The building served as Apple’s original corporate headquarters and Apple continues to occupy it today.

1996

  • Menlo acquires its first R&D and light industrial buildings.

1997

  • Menlo forms a best-in-class development platform. The first ground up project is completed on an adjacent parcel owned by an affiliated entity.

1998

1999

  • Menlo opens an office in Orange County and makes its first Southern California acquisition in Irvine.

2000

  • Menlo acquires its first data center asset, the Palo Alto Internet Exchange (“PAIX”), located at 529 Bryant Street. The property is a mission-critical facility that was the west coast’s first internet exchange point.

2001

  • Menlo launches its first value-add real estate fund, Menlo Realty Partners (“MRP”).

2004

  • Menlo celebrates its 10ᵗʰ anniversary having acquired or developed 8.2 million sf of real estate with an aggregate value of $1.3 billion since inception.

2007

  • MRP II is launched.

2008

  • Menlo raises MRP III during the global financial crisis.

2011

  • MRP IV is launched.

2012

  • Menlo expands to the Seattle market.

2013

  • MRP V is launched.

2014

  • Menlo enters the Phoenix market.
  • Menlo celebrates its 20ᵗʰ anniversary having acquired or developed 13.9 million sf of real estate with an aggregate value of $3.0 billion since inception.

2015

2016

  • Menlo forms a core-plus investment platform with the launch of the Menlo Equities Absolute Return Fund (its first open-end fund).
  • Menlo enters the Denver market.

2017

  • Menlo completes the development of 3333 Scott Boulevard in Santa Clara, an eight building, LEED-certified office campus comprising 1.6 million sf. The project was executed through an institutional joint venture with the first parcel of land acquired in 2011 and developed across three phases.

2018

2019

  • Menlo enters the Nashville market.
  • Menlo approaches its 25ᵗʰ anniversary having acquired or developed 19.4 million sf of real estate with an aggregate value of $4.7 billion since inception.