SIM

What SIM does

SIM (Scottsdale Investment Management), founded in 1978 and headquartered in Scottsdale, Arizona, is a privately held real estate investment and asset management firm operating as SIM, LLC. The company partners with sophisticated high-net-worth investors to acquire value-added income-producing commercial and industrial properties, strategically located development land, industrial development projects, and single-family rental communities, primarily across Arizona and the broader Southwestern United States, with selected exposure to British Columbia, Canada. SIM offers three core services — investment syndication, full-lifecycle development (commercial and residential), and in-house property management for assets it owns with partners — and has historically also acquired operating businesses to complement its real estate holdings. Its portfolio spans over 5 million square feet of buildings and 7,780+ acres of land across multiple states, with notable transactions including a $100M+ portfolio sale to Starwood Capital in 1997, a 2021 co-development partnership with ViaWest Group for Sub-Zero's $118 million, 600,000 SF Goodyear manufacturing facility (delivered 2024), and Banner Health's 2024 primary care anchor at SIM's headquarters address.

The firm operates with a lean current team of 1-10 employees, supported by long-standing third-party broker, lender, and contractor relationships that provide scalable capacity without fixed overhead. SIM's revenue model combines recurring rental income from owned real estate, one-time development and tenant improvement construction revenue, and management/income streams from acquired operating businesses. Its go-to-market is relationship-driven and consultative: the firm relies on direct outreach to high-net-worth investors (many of whom have invested for over 30 years) rather than digital marketing or intermediated capital raising. Multi-generational leadership — original founders Tim Grant, Garry Jestadt, and Ed Grant III remain active and have been joined by Ed Grant IV and Ryan Grant — provides continuity and institutional knowledge of the Arizona market across multiple economic cycles including the RTC Savings & Loan crisis. No AI, proprietary technology platform, or external institutional investors are disclosed; the business is fundamentally a relationship and cycle-experience-driven real estate partnership operator.

Name

SIM

Legal name

SIM, LLC

Website

https://simaz.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1–10 employees

Short description

SIM (Scottsdale Investment Management) is a privately held Scottsdale, Arizona real estate investment firm founded in 1978 that partners with high-net-worth investors to acquire, develop, and manage income-producing commercial, industrial, and land assets across the Southwestern United States and British Columbia, Canada.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Asset Management

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Residential Property Managers (531311), Real Estate Credit (522292), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Investors, Nec (6799)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Commercial real estate investment
• Real estate development services
• Property management services
• Real estate syndication
• Land investment projects

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Real Estate Investment/Syndication: SIM organizes real estate partnerships for investment, providing sophisticated investors access to commercial and industrial real estate, land investments, and development projects in the Southwest US. Returns come from income (rental/lease payments) and appreciation through strategic holds.
2. Development: SIM is active in both commercial and residential construction real estate industries. They complete development and tenant improvement construction throughout the Southwest, managing the full development life cycle from pre-development planning through construction completion and lease-up.
3. Property Management: SIM manages projects it owns with partners. They monitor properties, complete property inspections for lease compliance, focus on building structural and roof maintenance, and ensure land holdings maintain code compliance and proper tax holding designations.
4. Operating Businesses: SIM has acquired multiple operating businesses that provide strong income and remarkable growth, complementing their real estate holdings.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

SIM organizes syndicated real estate partnerships for sophisticated investors focused on value-added, income-producing commercial and industrial real estate, strategically located development land projects, industrial development, and single-family rental communities across the Southwest US and Canada. The firm is active in commercial and residential construction real estate, providing full development lifecycle services from pre-development planning and site analysis through construction completion and lease-up. SIM manages projects it owns with its partners, including property inspections for lease compliance, structural and roof maintenance, and code/tax compliance monitoring for land holdings.

Product overview

SIM (Scottsdale Investment Management) is a real estate investment and development company offering three core services: Investment Services (partnering with investors for commercial real estate opportunities in the Southwest), Development Services (commercial and residential construction with full development lifecycle capabilities), and Property Management Services. The company manages a diversified property portfolio including office buildings, industrial/warehouse properties, land investments (over 10,000 acres across multiple states), and residential communities. The portfolio spans over 5 million square feet of buildings and 10,000+ acres of land across Arizona, Nevada, Colorado, California, and Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Services Partnership with sophisticated investors for commercial real estate investment opportunities in Arizona and the Southwest US market, focusing on income and growth opportunities in strategically located growth markets. SIM organizes real estate syndications targeting value-added, income-producing commercial and industrial real estate, strategically located development land, industrial development, and single-family rental communities.
• Development Services Active in both commercial and residential construction real estate industries with experience spanning the full development lifecycle, including pre-development planning, site and building analysis, working with governing jurisdictions, construction document review, construction completion, and lease-up. Build-to-suit capabilities demonstrated by projects such as the $118 million, 600,000 SF Sub-Zero manufacturing and distribution center in Goodyear, AZ (in partnership with ViaWest Group).
• Property Management Services Management of projects SIM owns with its partners, including property inspections for lease compliance, focus on building structural and roof maintenance, monitoring of land holdings for code compliance and proper tax holding designations. SIM does not generally provide third-party management services; with few exceptions it manages projects it owns with its partners.

Quantifiable outcome

• 45+ years of continuous operation since 1978
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and supporting.

• ViaWest GroupcoreStrategic or Co-development Partner · 1 January 2021ViaWest Group partnered with SIM (Scottsdale Investment Management) to create a combined 36+ acre site for Sub-Zero's new manufacturing and distribution center in Goodyear, AZ. ViaWest Group had owned their parcel for nearly 20 years but needed to work with SIM's adjacent property to create a site that could accommodate Sub-Zero's 600,000 SF facility.
• Willmeng (General Contractor)supportingImplementation/ SI/ Consulting PartnerWillmeng served as the general contractor for the Sub-Zero project in Goodyear. Brian Johnson was Phoenix market leader for Willmeng and managed additional capacity additions during construction while maintaining the schedule.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Westbrook Partners: Private, institutionally minded commercial real estate investment firm that acquires and develops properties using pooled investor capital. Comparable to SIM as a sponsor that combines principal investment with investor syndication across commercial property types.
• Crow Holdings: Privately held, family-controlled commercial real estate investment and development firm operating across multiple US Sun Belt markets. Closely comparable to SIM in that both are sponsor/principal operators deploying long-tenured investor capital into commercial, industrial, and land plays in growth regions.

Broad incumbents

• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm. Comparable to SIM in offering real estate investment, leasing, and property management services, though at vastly greater scale and with institutional fund vehicles.
• Marcus & Millichap: Specialized commercial real estate investment sales and financing brokerage focused on middle-market investors. Comparable to SIM in that both interface with private investors buying and selling commercial properties, though Marcus & Millichap is a brokerage intermediary rather than a principal investor.
• Cushman & Wakefield: Global commercial real estate services firm offering investment sales, leasing, and asset management. Comparable at the activity level (leasing brokerage on commercial properties and capital markets advisory) but vastly larger in scale and geographic reach than SIM.
• Principal Real Estate Investors: Large institutional real estate investment manager affiliated with Principal Financial Group. Comparable to SIM in managing capital on behalf of long-duration investors for commercial real estate exposure, but vastly larger and more institutional in structure.
• W. P. Carey Inc. Public net-lease and commercial real estate investment manager. Larger and broader than SIM but comparable in the combination of long-duration capital partners, recurring property income, and principal investment alongside managed capital.
• Colliers International: Global commercial real estate services firm providing investment sales, leasing, valuation, and property management. Comparable to SIM across multiple service lines (investment sales, leasing, property management) but with global scale versus SIM's regional focus.

Regional players

• NAI Horizon (Phoenix): Arizona-based commercial real estate brokerage and property management firm. Comparable to SIM because both are regional Southwest US commercial real estate operators serving local investors and tenants across office and industrial product types.
• Sperry Commercial Global Affiliates: Commercial real estate brokerage platform with strong regional affiliate presence across the western US. Comparable to SIM in serving private investors and middle-market commercial real estate owners in markets like Phoenix and the broader Southwest.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/simllc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SIM