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

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