Commercial Real Estate

WHO WE ARE

Vision

To generate consistent, sustainable and long-term best in class returns in commercial real estate by living our core values and emphasizing technology


Core Values

1. Integrity – To be honest and adhere to moral principles

2. Respect - Treat others the way we want to be treated

3. Dedication – Wholly committed to a course of action

4. Commercial Focus - Main emphasis is pursuit of profit

5. Philanthropy - Promote the welfare of others


Looking For

Our goal for 2021 is to establish deal flow to acquire properties with the following characteristics:

  • 1-2 multi-family/mixed use properties

  • Class B & C

  • 8-10% CAP

  • $1M+ market value per property

  • Focus on properties with value-add potential

    • Higher vacancy rates, unfavorable for lenders and/or distressed assets

  • Two target markets: Columbus, OH & Denver, CO


Strategy

1. Identify value-add potential properties, such as:

  • Poorly managed assets

    • Higher than average operating costs

    • Higher than average vacancy rates

    • Below market rents

  • Unattended assets

  • Unit density increase potential

2. Key strategy drivers:

  • Establish strategic relationships with brokers, property managers, and capital providers

  • Be disciplined in strategically deploying capital for longer-term market cycles

  • Deploy technology and analytics to uncover and drive efficiencies







Profile picture of Karl Umland

Karl Umland

  • Director of Engineering at Arsi, a Denver based private gas company backed by the Koch Brothers

  • Previously Engineering Manager for S&A Resources; capitalized with $150M from Denham Capital

  • Previously Petroleum Engineer at Anadarko for 8 years ending with a team lead position

  • Bachelor of Science Degree in Petroleum Engineering from the Colorado School of Mines

  • Licensed professional Petroleum Engineer in the State of Colorado

  • Limited Partner in the $5M Rockies Venture Club Fund I

  • Founder of Coneg LLC, which since 2011 has grown to $25M under management and revenues of $1MM/year

Current Portfolio

5050 York

Unrealized Gross Gain: $2,500,000

Gross Annual Revenue: $378,000

6601 Colorado Blvd

Unrealized Gross Gain: $2,000,000

Gross Annual Revenue: $372,000

2716 Blake Street

Unrealized Gross Gain: ~$445K

As Purchased Cap: 6.53%

Picture of the front of 2716 Blake Street, brick with metal siding. A rental property

3319 York Street

Unrealized Gross Gain: ~$225K

As Purchased Cap: 7.93%

A picture of 3319 York, a brick house in maroon paint with large front porch. A rental property

3427 York Street

Unrealized Gross Gain: ~$180K

As Purchased Cap: 7.61%

A picture of 3427 York, a mainly red brick house infilled with beige stucco. A rental property

3415 Larimer Street

Unrealized Gross Gain: ~$250K

As Purchased Cap: 7.80%

A picture of 3415 Larimer street, mainly dark brick with beige siding. A rental property.

4958 Clayton

Unrealized Gross Gain: ~$10K

As Purchased Cap: 7.00%

A picture of 4958 Clayton, blue siding house with bright red front door. A rental property.
A picture of 4958 Clayton unit B, a brown siding colored house with bright red front door. A rental property.










Previous Portfolio

2531 Lawrence Street

Realized Gross Gain: $455,000

Picture of the front of 2531 Lawrence Street, concrete blocks in tan with metal siding. A rental property





4935 Cook

Realized Gross Gain: $30K

A picture of 4935 Cook street, a blue siding covered single story home. A fix and flip property.





2711 Clayton

Realized Gross Gain: $30K

A picture of 2711 Clayton street, a single story brick house with dark brick on bottom and light brick on top. A wholesaled property.





2551 York

Realized Gross Gain: $100K

Video

https://vimeo.com/539010538/c929b89c4b





3425 Larimer Unit 103

Realized Gross Gain: $20K

A picture of 3425 Larimer street 3 story house, dark and light mixed brick. A flip property.

This website is compliant for ADA accessibility including WCAG 2.0 AA, Title II, Title III and Section 508