Manchester Financial Group, a private real estate development company founded in 1970 by Papa Doug Manchester and which has developed more than $5 billion in assets worldwide, has a new a President & CEO, Ted Eldredge. Eldredge succeeds Dick Gibbons who retired after 35 years of illustrious leadership of the company.
Eldredge’s Extensive Real Estate Experience
Eldredge has more than 30 years of real estate experience, beginning his career at CBRE in 1990 specializing in industrial and research and development building leasing and sales. Manchester Financial Group recruited Eldredge in 1999 as President of M Commercial Properties, during which he oversaw all the Manchester Financial Group commercial properties, including acquiring Torrey Pines Business & Research Park and Mesa Rim Plaza (Manchester Plaza). Eldredge also worked on the development of the Manchester Grand Hyatt second tower, The Grand Del Mar and Whitetail Golf and Resort development in McCall, Idaho.
Entrepreneurial Ventures and Return to Manchester Financial Group
After working with Manchester Financial Group for 10 years, Eldredge started his own company in 2009, EWE Capital, and began acquiring his own properties. He was recruited as President of Alliance Diversified Properties in 2011 and continued with the company for seven years during which he acquired office and life science properties. In 2018, he returned to Manchester Financial Group to become President of Manchester Pacific Gateway – a $1.8 billion waterfront development in San Diego.
Ted Eldredge’s Vision for the Future
“I am excited to be back at Manchester Financial Group to work on such a significant project that will have a tremendous impact on the city of San Diego. Manchester Pacific Gateway will be an iconic destination that will change the downtown landscape and create jobs and revenue for the city. I look forward to the completion of the project and many more deals to come,” Eldredge shared with GB Magazine.
Papa Doug Manchester’s Statement on Eldredge’s Leadership
“Ted Eldredge is strong and solid in all ways and our company and family look forward to his leadership,” stated Papa Doug Manchester, Chairman.
www.manchesterfinancialgroup.com