Dowell Properties is celebrating its 30th anniversary this month, having carved out a unique niche in the Oklahoma market. Dowell Properties Inc., operating originally under the moniker, “Clarendon Properties,” began in August 1988 in Norman. Rick Dowell, president of Dowell Properties, said, “I began the business while still an Economics Professor at the University of Oklahoma. I arrived at OU in 1987. I had spent the previous ten years in Australia: first on the Economics Faculty of the Australian Graduate School of Management in Sydney; and later the Economics Department at Monash University in Melbourne. I knew nothing about real estate but felt the need to invest my retirement funds from Australia into something in America that could provide secure retirement.” After an initial investment in Norman multifamily properties, Dowell began investing in office buildings.