CO-FOUNDERS
Rogers A. Severson and Raymond C. Smith met in 1969 while working at Dunn Properties. At the time, Rog was overseeing the companies financing division by way of a background in banking, while Ray was overseeing the construction division by way of a background in construction. After a few years working together to build numerous projects, Rog and Ray realized they had acquired both the knowledge and expertise to succeed on their own.
In 1978 Rog and Ray left Dunn Properties and created their own development company, Saddleback Associates. Since then Rog and Ray went on to develop numerous small building industrial parks throughout mostly California and more recently Las Vegas, NV. They constructed hundreds of free-standing buildings, most of which were sold while some were retained and are still under ownership today. They gained the reputation as one of the premier small industrial builders throughout the Southern California and Las Vegas markets.
Their success was attributed to hard work, discipline, and a determination to succeed. This unwavering successful partnership lasted for over 40 years. Rog and Ray’s memories, great stories, and vivacious personalities are still a part of this company today and they will certainly never be forgotten. In memory we have kept their bio’s up.
Rogers A Severson – 1939 to 2012
Rog started his career in commercial real estate In 1969 when he was hired by Dunn Properties Corporation to assist the company in its nationwide development of Industrial Business Parks. Rog was Executive VP in charge of all marketing and finance activities. In addition, he and Mr. Smith were responsible for all land acquisitions. His prior experience was as Chief Loan Officer at Belmont Savings and Loan in Long Beach. In 1974, he was promoted to Chairman of the Board at Dunn Properties and assumed the co-management responsibilities with Ray Smith for all company operations. During his employment at Dunn Properties, he and Ray Smith constructed, leased and sold over 1,000 industrial buildings totaling over 13,000,000 square feet, resulting in well over $100,000,000.00 in profits for the company.
In 1978, Rog left Dunn Properties, and along with Ray, he co-founded their own company, Saddleback Associates, Inc. They continued to develop industrial business parks and have constructed, leased and sold over 500 industrial buildings totaling over 4,500,000 square feet throughout California, Nevada and Arizona. With a background of over 40 years of industrial development experience, Rog offers his expertise in the areas of finance, land / building acquisitions, and marketing.
Raymond C Smith – 1932 to 2018
Raymond Smith started his commercial real estate career in 1969 when he was hired by Dunn Properties Corporation to assist the company in its nationwide development of Industrial Business Parks. Mr. Smith was Executive VP in charge of all construction activities. In addition, he and Mr. Severson were responsible for all land acquisitions. Ray's prior experience was as a licensed General Contractor specializing in industrial property construction. In 1974, he was promoted to President of the company and assumed the co-management responsibilities with Rog for all company operations. During his employment at Dunn Properties, he and Rog constructed, leased and sold over 1,000 industrial buildings totaling over 13,000,000 square feet, resulting in over $100,000,000.00 in profits for the company.
In 1978, he left the company, and along with Rog Severson, he co-founded their own company, Saddleback Associates, Inc. They continued to develop industrial business parks and have constructed, leased and sold over 500 industrial buildings totaling over 4,500,000 square feet throughout California, Nevada and Arizona. Ray’s primary focus with Saddleback has continued to be in the construction and development aspect of the business. This includes site plan lay out, architectural design, and project planning. Ray was also very active in land and site acquisition throughout his tenure with Saddleback Associates.