Build communities that are designed for
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.
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.
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.
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.
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.
Jeff Luzzi has over 20 years of Private Equity, Marketing and Operations experience across multiple industries (Technology, Gaming, Sports, Consumer Goods, etc.). Prior to joining Trellis, Mr. Luzzi was the CMO/COO of several start-ups and served as the lead for fundraising, negotiations, due diligence and acquisitions.
Mr. Luzzi graduated from Arizona State University, with a B.S. in Marketing and an MBA from the University of Phoenix. As Common Ground’s business advisory partner, Trellis will be responsible for Fund Setup & Support, CFO/Finance/Accounting, Investor Relations and Deal Origination.
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.
Adam Lysinski is a top-rated attorney practicing in the Chicago, Illinois area. Mr. Lysinski provides legal representation in Illinois for a variety of different issues, He was selected to Rising Stars for 2013.
After completing undergraduate studies, Adam Lysinski received a Juris Doctor degree from John Marshall School of Law in 2003. As our strategic partner, Adam will oversee all matters legal.
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.
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.