Richard Chichester is a leader in the field of commercial real estate, having spent the whole of his 35+ year career working in every facet of the industry. He is currently President and CEO of Faris Lee Investments, one of the country’s elite retail-specialized investment advisory firms with annual investment placements nearing $1B. Chichester sets the firm’s business strategies and oversees a team of highly skilled retail specialists who have more than a century of collective experience. Faris Lee’s unique corporate structure pools the intellectual and transactional experience of the entire advisory team to ensure each client’s investment goals are realized.
Prior to Faris Lee Investments, Chichester is best known for his leadership and innovation as President, North America at Colliers International from 2001-2009. In addition to serving as President, Chichester also sat on the Board of Directors. During his tenure, he held approximately $470 million in regional P&L responsibility for business operations within the U.S. and Canada, managed 47 offices and 3,000 employees. The range of his oversight included brokerage services, property management, valuation and consulting, project management and mortgage brokerage. Over the term of his presidency at Colliers, Chichester recapitalized the company with a publicly traded institutional investment firm and acquired multiple companies to expand the firm’s geographic footprint and expand its real estate services. Notable acquisitions were: Colliers Seeley Company Los Angeles; Colliers Monroe Friedlander Hawaii; Meredith & Grew Boston; GVA Williams New York; PKF Consulting; Cohen Financial; and PGP Valuation. Over his time at Colliers, revenues quadrupled and the corporate stock value climbed more than 700%.
Subsequent to his experience at Colliers International, and with the commercial real estate market in the throes of an historic dislocation, in 2009 Chichester became a partner at Attentus Advisors, a CRE- specialized consulting firm focused on providing advisory services to owners, lenders and service companies. There, Chichester was instrumental in creating strategic, financial and operational planning initiatives that helped numerous clients survive and thrive through the real estate downturn. Along with company SC Fuels, Attentus developed a business plan to build a gas station operating business that has since partnered with global investment management firm Fortress Investment Group, LLC. Today, the firm operates 369 gas stations nationally under the name United Pacific and has established itself as one of the largest independent owners, suppliers and operators of gas stations and convenience stores in the Western United States. Attentus is responsible for acquisitions, dispositions and development for the company.
From 1981 to 2000 Chichester held various brokerage, management, and leadership positions at CB Richard Ellis, concluding his time there as Senior Managing Director. After leaving CBRE, Chichester founded and was principal member at Commercial Real Estate Solutions, LLC, of Beverly Hills. It was at this venture that Chichester connected with Colliers International that led to his role as President, North America, Colliers International. Also, Chichester is a Board member of XTeam Retail Advisors, the nation's only fully integrated, retail specialized real estate services platform.