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About Us

Build communities that are designed for

the future

The purpose of the fund will be to Acquire, Own, Operate and Hold for investment residential real estate properties in the  Dallas-Fort  Worth metroplex initially but ultimately across Texas and the United States in consistent growth markets.

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ACQUIRE

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OWN

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OPERATE

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HOLD

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The Purpose of the Fund

SINGLE FAMILY RESIDENTIAL

Our investment thesis is grounded in data related to population growth statistics and market demand. One particular age group that attracted our attention are the millennials. According to Pew Research, they are America’s largest population group (72 million) and they make up approximately half of the current U.S. households with children. Prior to the global COVID-19 pandemic, millennials were already migrating to the suburbs for additional space and access to better schools. Additionally, Generation Z, one generation younger than the millennials, aren’t far behind and there are 67 million of them. Housing supply will be needed to support the demand.

 

The lack of affordable entry-level single-family homes, the desire for flexibility and the convenience of offloading maintenance has made single-family rentals an attractive option for large portions of the home seeking market.

 

Resilient markets such as Dallas-Fort Worth held home values well during the great financial crisis. Rents and home values have steadily risen since. We will focus our initial acquisition efforts within this region.

Positioning

The strength of the fund team comes from numerous years of combined experience in design, construction and real estate development. This depth of experience allows the team to operate in a very lean way. Competitors would have to outsource design and construction expertise to provide proper oversight and good execution. Having the resources in-house gives us an advantage in speed to market, well designed and executed product and minimizing costs.

Having the resources in-house gives us an advantage in speed-to-market, well-designed and executed products, and minimizing costs.

We are also local to the DFW community and being well informed regarding any economic and demographic movement in any submarket is part of our job. This data base provides real-time market information that is a critical component to identifying sound acquisitions.

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The Team

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Ty Lee

MANAGING DIRECTOR

Ty Lee has served as the Managing Member of Common Ground Capital, LLC since its inception in March of 2021. From 2004 to 2014, Mr. Lee practiced architecture with some of the most prestigious global architecture firms in the Country. Starting in 2014, Mr. Lee began the transition to the development side of the industry. While at CBRE, the world’s largest real estate company, he managed over $100mm of asset value and worked closely with the principals and executives.

Mr. Lee’s development experience includes commercial and residential asset classes totaling over $500mm. To date, Mr. Lee’s average returns exceed 20% IRR and 1.75x equity multiples. In order to achieve these returns for investors, he is hyper focused on creating real estate products in the marketplace that is differentiated through design, exceptional service and institutional precision of execution.

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Christian Mack

CHAIRMAN

As an enterprise technology veteran, investment banker, and market leader, Christian Mack has successfully turned around, under-valued enterprise technology organizations into high-value software and services organizations. Under his leadership, Lotus Innovations – a lower middle market buyout private equity firm specializing in enterprise software organizations – has delivered double-digit returns on its inaugural $10M Fund I. With backing from family offices and high net-worth individuals, he is currently investing Lotus’ Fund II™, a $32M 5-year commitment fund targeting enterprise software acquisition turnarounds. Prior to launching Lotus, Christian Mack founded networking service assurance focused gen-E® in 1999 piloting it from a professional services organization into one of the largest IBM Tivoli resellers and integrators. He subsequently led the transformation of Resolve Systems into a software company in 2005 and exited the firm in 2012 after an acquisition by Solis Capital.

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Mario Rapaj

ASSOCIATE

Mario Rapaj is an entrepreneur and real estate investor in the DFW and Houston markets. His most recent deal was in 228 doors in multifamily commercial real estate valued at over $29 million. Previously, he has worked in commercial business and real estate acquisitions with Impact Commercial Realty Group. Mario is currently an MBA candidate at the University of Texas at Dallas specializing in real estate and finance. He joins the Common Ground Capital team to assist and lead with underwriting, acquisition, and asset management.

Strategic Partners

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Cobalt

FUND ADMINISTRATION

We have partnered with the Cobalt Fund Services Team to provide our outsourced accounting and administration needs. Their team is an extension of our team to support the investors with various deliverables and accounting needed throughout the year.

 

Cobalt Fund Services exists to ethically serve the alternative investments industry as a first-in-class administrative partner through expert industry insight, utilizing advanced technology and team strengths

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Mike Brown

CONSTRUCTION

Mike Brown, P.E., is the president of Silver Lining Restorations and leads the organization in its business development, construction management, and strategic initiatives. Mike has twenty-five years of experience in construction management and has directed commercial construction, renovation, and restoration projects at more than 20 locations nationally.

 

He is a graduate of Iowa State University and is a licensed professional engineer in the State of Texas.With Mike’s critical access to subcontractors and competitive pricing, the Fund is able to control and reduce construction/maintenance costs.

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WKPZ

LEGAL

Weycer, Kaplan, Pulaski & Zuber, PC, is an AV-rated full service business law firm founded in 1976 and currently composed of 26 attorneys practicing in over 10 distinct practice areas, including real estate,  business litigation, lending, construction, employment, estate planning and administration, tax, non-profit, mergers and acquisitions, corporate transactions, and intellectual property. In addition, WKPZ’s collaborative work style allows each attorney to gain and sustain knowledge across practice areas.  Representative clients are landlords, tenants, developers, general contractors, real estate brokers, property and asset management companies, title companies, high net worth individuals and families, retailers, restaurants, storage facilities, charitable companies, houses of worship, and manufacturers. For more information visit our website at www.wkpz.com

Advisory Committee

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Scott Arnoldy

TRITEN REAL ESTATE

Scott Arnoldy founded Triten Real Estate Partners in 2012 to pursue flexible investment strategies that involve a high level of repositioning, or play into broad secular real estate themes. As Founding Partner, Scott drives the strategic goals of the company with a focus on investment thesis identification as well as execution oversight. Since its founding, TREP has acquired, developed or has under construction over $900 million of properties across a variety of product types.​

Prior to Triten, Scott worked for Goldman Sachs (REPIA) in Dallas before joining Stockbridge where he later led the firms Investments for Texas and Colorado.​

Scott graduated from Texas Christian University with a Bachelors in Finance & Entrepreneurship and a minor in Accounting. He is an avid outdoorsman, serves on the board of Lone Star BBBS and is a member of YPO Houston. He is married to Katie, has two daughters and loves spending time with his family.

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Randy Fleisher

HAMILTON REALTY FINANCE

Until September 2016, when he founded Hamilton Realty Finance, Randy was Managing Director of the Jones Lang LaSalle (“JLL”) Dallas Debt & Equity platform. Prior to joining JLL Randy was the founder of Quadrant Realty Finance (“QRF”), a boutique Real Estate Investment Banking firm located in Dallas, Texas, which JLL acquired in June, 2013. Since its formation in 2010, QRF placed over $1.5 billion in debt and equity financings. Prior to joining QRF, he was a Managing Director at CBRE.​

Prior to his employment with CBRE, Randy was an attorney with the law firm of Monk Goodwin in Winnipeg, Canada, practicing real estate and commercial law. Randy holds a Bachelor of Law from the University of Manitoba, a Master of Science in Real Estate & Finance from the University of North Texas, and a Bachelor of Business Administration in Finance, Investment, and Banking from the University of Wisconsin.

Dave Purser

PURSER ARCHITECTURE & DESIGN

In 2013, Dave founded a boutique architectural services firm located in Nashville, Tennessee, that provides its clients with a process to realize their design vision and project goals. Dave has guided and assisted business owners, contractors, home builders, not-for-profit organizations, churches, and families with a wide range of project types including single-family residential additions, multifamily developments, amenity centers, office buildings, and churches.


Dave is a graduate of the University of Tennessee, and he is a registered professional architect in Tennessee and Georgia. Dave holds a certificate from the National Council of Architectural Registration Boards.


Dave enjoys spending time with his wife and son. He enjoys outdoor activities including backpacking,
hunting, and chasing a small white ball through meticulously manicured lawns.

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