IRVINE, Calif. – (RealEstateRama) — Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that R.J. Sommerdyke has joined the company’s acquisition team in Southern California. Sommerdyke will play a key role in expanding Meridian’s platform of acquiring value-add healthcare properties throughout Southern California.
In his new position, Sommerdyke will be responsible for all aspects of acquiring value-add healthcare properties and client-driven development sites in Los Angeles, Orange and San Diego counties. “We’re looking to aggressively expand our foothold in Southern California,” said Pollock. “We estimate the size of our target healthcare market in Southern California to be approximately three times larger than that of Northern California, which presents a tremendous opportunity to do deals.”
Meridian’s entry into the Southern California market kicked off earlier this year with the $37.5 million purchase of Cotton Medical Center in Pasadena. “As evidenced by the acquisition of Cotton, Meridian possesses the expertise, capital and focus necessary to effectively execute in today’s competitive environment,” said S