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 our core values

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

3. Dedication – Wholly committed to our vision

4. Commercial Focus - Main emphasis is pursuit of profit

5. Philanthropy - Promote the welfare of others

Looking For

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

Industrial properties
Low Floor to Area (FAR) ratio (i.e. little to no improvements)
6-10% CAP
$2M+ market value per property
3 to 20 acres
Focus on properties with value-add potential
- Entitlement issues, low vacancy, brown dirt
Target market: 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
Brown dirt issues

2. Key strategy drivers:

Establish strategic relationships with brokers and capital providers
Proprietary data combined with software to competitively source off market opportunities
Be disciplined in strategically deploying capital for longer-term market cycles
Deploy technology and analytics to uncover and drive efficiencies

Karl Umland

Founder of Coneg LLC, which since 2011 has grown to operate $20M of real estate and revenues of $1MM/year
Oil and gas experience with 8 years at publicly traded, 2 years in private equity and 2 years at ultra high net worth (Koch brothers)
Bachelor of Science Degree in Petroleum Engineering from the Colorado School of Mines
Limited Partner in the $5M Rockies Venture Club Fund I

Barrett Lavergne

Currently founder and President of Trifecta Geo Solutions
Active entrepreneur and real estate investor, most recent transaction with 2.6 MOIC
Former director of geoscience at Arsi, a gas company backed by the Koch Brothers
Previously geoscience manager for Private Equity backed portfolio company
Previously geoscientist and co-founder of S&A Resources