Team
Our Team
Skis don’t turn themselves. The same principle holds true for business. Our vast experience, passion and leadership allow us to hold an edge.
Core Values
1. The No A**hole Rule: We are committed to a team-first approach, we check our egos at the door, and embrace humility; we require a culture of respect and dignity.
2. Integrity: We exemplify upstanding character traits including honesty, dependability, and loyalty. We do the right thing when no one is watching.
3. A 3D Company: We are disciplined, detailed, and diligent…we seek excellence in execution.
4. Passionate: We work hard, have a passion for what we do, and play to win.
5. Create Positive Impact: We seek continuous self-improvement, and to positively impact our community, investors, teammates and partners.
6. Fun: We don’t take ourselves too seriously. Work must get done, but there is more to life than work.
Proven Process
1. Source and Screen:
- Deep network of industry relationships, including local and national brokers.
- Off-market opportunities and early access to investments from proprietary relationships including lenders, attorneys, CPA’s and private investors.
- New opportunities are screened against key criteria and then reviewed at weekly Deal Pipeline meeting, ensuring only those that fit the criteria are advanced for further review.
2. Investigate:
- Meticulous due diligence using a standardized asset class specific plan customized for each individual property.
- Macro, local, and submarket economic research and analysis.
- Identification and analysis of comparables.
- Site visit, market, and comparable property tour.
- Physical, financial, and operational due diligence.
- Rigorous financial modeling and sensitivity analysis.
- Capital structure assessment, investigation, and validation of debt financing assumptions.
- Meeting with planning and development staff, elected officials, and other relevant stakeholders.
3. Acquire:
- Purchase proposals are made only after validation through Trailbreak Partners asset specific underwriting.
- Internal deal sponsors present a complete analysis to Investment Committee, including an identification of risks and proposed terms for acquisition.
- Letter of Intent and Purchase and Sale Agreement Negotiation.
- Pre-acquisition due diligence, entitlement, design, cost estimating, and contracting.
- Equity and debt capitalization, structured with the exit in mind.
- Transaction closing.
4. Execute:
Asset Management:
- Custom asset management plan created for each asset.
- Review and approval of budgets, leasing, and capital projects.
- Implement hands-on value add strategies, including capital projects and operational enhancements.
Development:
- Design, entitlement, permitting and construction.
- Inspections and reporting.
- Construction management.
- Marketing, leasing and sale.
- Certificate of occupancy.
5. Disposition:
- Ongoing evaluation of exit opportunities.
- Annual asset valuation estimates, and hold vs. sell analysis.
- Evaluation of refinancing opportunities.
- Sensitivity analysis: What is the best outcome for our investors.