Watt Communities

Devereux brings over 29 years of real estate equity and debt experience to Watt. In addition to his private equity and lending background, he also has vast operational experience and has a history of building fast growing businesses. Devereux’s resume includes two years as Chief Real Estate Officer at real estate tech company PeerStreet, six years as EVP, Head of Commercial Real Estate at OneWest Bank and nine years as Principal at Colony Capital.

At PeerStreet, Devereux led the company’s 4x growth in revenue and 3x increase in monthly marketplace volume as the company surpassed $3 billion in loans funded and transitioned from Series B to Series C funding. While at OneWest Bank, Devereux was instrumental in growing the commercial real estate holdings from less than $500 million to more than $6 billion in under a year, and he started and managed the Special Assets, Portfolio Management and CRE Bridge Lending groups.

The CRE Bridge Lending Group originated over $1 billion annually in floating rate debt. At Colony, Devereux was responsible for forming commercial real estate joint ventures and managed a portfolio valued at more than $1 billion of U.S. office, retail, multi-family and hospitality investments.

Devereux graduated from Stanford University with a mechanical engineering degree, Claremont McKenna College with an economics degree and UCLA’s Anderson School of Business with an MBA.

Kevin S. Webb serves as Division President of Watt Communities Northern California,. Kevin oversees land acquisition, planning, entitlements, development, construction, and marketing for Watt’s Northern California residential portfolio.

Kevin brings more than thirty years real estate experience to the Watt Communities Northern California Division. Kevin has been instrumental in re-establishing Watt Communities back into the Northern California market where they once developed in the 1980s.  Kevin rejoined Watt Communities after seven years of running his own development company with land projects in Hawaii, Colorado, Oregon and California.  Kevin began his real estate development career with Watt Investment Properties in 1986, with the development, construction, and asset management over several classes of real estate, including; office/commercial, parking structures, business parks, and other commercial projects.

Kevin also oversaw the Southern California residential real estate division in the early 2000s where he and was responsible for successfully developing over six separate infill residential projects in Southern California.  Overall, Kevin brings a career of development that involves mastering a variety of product types and project challenges.

Mike joined Watt Communities in 2014. His professional experience of nearly 30 years covers a broad range of experience in the homebuilding industry. Mike has worked through many different levels of management throughout his career, starting as an Assistant Superintendent, Project Superintendent, General Superintendent, Purchasing, and Architecture development, and now Operations. In his current role, Mike is responsible for all field and purchasing operations starting from due diligence during the acquisition process through home production and completion. Mike has also sold residential and commercial real estate, and brings knowledge and expertise of real estate law with him.Mike has held a California General Contractor’s license, and currently holds both California and Florida Real Estate Salesperson’s licenses.

Tony Dolim serves as Senior Vice President of Finance & Accounting for Watt Communities. Tony oversees all of Watt Communities’ financial activities, including debt and equity financing, accounting, financial reporting, and strategic business planning.

Tony has more than 25 years of experience in real estate financing, strategic business planning, joint venture structuring, and accounting. His experience covers land development, homebuilding, commercial and multifamily property.  Tony earned his undergraduate degree in Real Estate Finance from the Marshall School of Business at USC, and an MBA in Finance from the Anderson School at UCLA.  He is a licensed real estate broker in California.