Mike Severson directs all investment activity for Bixby Land Company, drawing upon a 32-year background in real estate acquisitions, portfolio management and development. He has overseen the acquisition of more than 4 million square feet at Bixby.
Severson previously served as director and portfolio manager for The RREEF Funds, advising a CalPERS’ portfolio in California, Arizona and Texas that grew to 20 million square feet of industrial property during his leadership. He handled $3.5 billion in acquisitions and dispositions in the reshaping of the CalPERS portfolio, including the majority of the $900 million Pacific Gulf Properties portfolio transaction in 2001 and the Southern California portion of the $2.1 billion Cabot Industrial Trust acquisition in 2002. Severson has also negotiated and built several build-to-suit developments and directed speculative developments totaling more than 7 million square feet.
Severson received his Bachelor of Science Degree in Business from the University of Southern California with an emphasis in real estate. He also received a Certificate in Commercial and Industrial Development Management from the University of California, Irvine. He is a licensed California Real Estate Broker and is a member of the Urban Land Institute.