Denver Multifamily & Mixed-Use Boom!

Ms. Fielding was appointed Executive Vice President — Securities and Debt in February 2003 and Treasurer in January 2005. She is responsible for debt financing activities, including property debt and corporate financings and she oversees all Treasury, LIHTC and joint ventures for the company. Patti joined Aimco in February 1997 as Vice President-Tenders, Securities and Debt and was promoted to Senior Vice President-Securities and Debt in January 2000. Prior to joining Aimco, Patti was with Hanover Capital from 1996-1997 and from 1993-1995 she was Vice Chairman, Senior Vice President and Co-Founder of CapSource Funding Corp. Patti was a Group Vice President with Duff & Phelps Rating Company from 1987 to 1993 and a commercial real estate appraiser with American Appraisal for three years.

Carl Koelbel is COO of Koelbel & Company where he carries on a three-generation tradition of real estate development in the Denver Metro area. His primary focus is on identifying new opportunities for development and acquisition, directing the vision of the company into the mid-21 st century, and managing operations. In 2012 he started the Koelbel Urban Homes division which focuses on developing for-sale, infill homes. He also works extensively developing affordable housing in Colorado. In just over 12 years Koelbel and Company will have delivered close to 750 units of affordable housing in 10 different projects with more to come. He also manages major projects for Koelbel including the redevelopment of Regatta Plaza in Aurora and innovative new office communities in Aurora, Omaha, and beyond. Carl received his Masters of Business Administration with a concentration in Real Estate and Finance from the University of Colorado in Boulder. Before receiving his M.B.A. he was a Research Associate at the Urban Land Institute in Washington, D.C. At U.L.I. he assisted the Senior Resident Fellows in various research projects with a focus on infrastructure and its effect on land use patterns. He has a B.A. in Economics and International Relations from the University of Southern California and is an avid skier, golfer, and tennis player. He is always thankful of the support of his wife Fallon and three children, Harper, Reagan, and Presley.

Scott Kiere is President & CEO of Urban Green Development, a consciously aligned team of real estate developers, social entrepreneurs, and financiers, united by our belief that business has a responsibility to actively effect positive change in the communities in which we operate. Urban Green Development creates, designs, and develops smart, environmentally responsible real estate projects. Our developments are imagined and designed with a strong sense of community and sustainability. From initial acquisition to final closings, we conscientiously steward the land in our charge. We specialize in building modern, energy-efficient residential units and mixed-use projects. We make a positive, sustained impact on the homeowners who buy our homes, the businesses who occupy our commercial spaces, and the communities and environment in which we build and live.

Doug Elenowitz is a principal of Trailbreak Partners, an alternative investment and advisory firm that focuses on acquiring control positions in smaller profitable companies and investing in and developing real estate in Colorado. Doug is an expert in urban redevelopment having managed the origination, structuring, and execution of urban infill and environmentally complex real estate developments across the United States for nearly two decades. In Denver, Doug oversaw redevelopment of the former St. Anthony Central Hospital, a 19 acre TOD urban mixed use development and redevelopment of the ASARCO Globe Smelter; a challenging public private partnership and one of Denver area’s most significant remediation and urban redevelopment projects. He is an expert in public finance having originated more than $30 million in financings including tax increment financing agreements, metropolitan districts, HUD Section 108 loans, and federal and local grants. Currently Doug is developing a 7-acre Transit Oriented Development (TOD) project in Lakewood, Colorado, a mixed-use/mixed-income project on Sloans Lake in Denver, and serves as Owners Representative to the Master Developer of the Clear Creek Transit Village, a 21-acre mixed-use TOD site in Unincorporated Adams County, Colorado. Doug holds a B.S. in Environmental Health from the University of Georgia and an M.B.A. from the University of Colorado. He is a member of the ULI Urban and Mixed Use Development Council, the Denver Public Schools Bond and Mil Levy Oversight Committee, is a Real Estate Diversity Initiative (REDI) Mentor, and is a 2011 graduate of Leadership Denver. Doug is married with a son and daughter and lives in Denver.

Timothy Hoppin is a Director in the Affordable Housing Debt unit of Hunt Mortgage Group, a wholly owned subsidiary of the Hunt Companies. Mr. Hoppin focuses on originating affordable housing loans nationwide. He joined Hunt Mortgage Group from Citigroup Corporate and Investment Bank where he was a Vice President – Banking Team in the Municipal Securities Division of Citi Community Capital. While at Citi, he closed more than $300 million of taxable and tax-exempt debt for developers, non-profits and housing authorities. Prior to Citi, Mr. Hoppin managed commercial real estate acquisitions for Baceline Investments, LLC and served as a Vice President – underwriting at Newman & Associates, that was acquired by Citigroup Corporate and Investment Bank. Mr. Hoppin earned a B.A. in Economics from the University of Colorado at Boulder and an MBA in Finance from the Daniels College of Business at the University of Denver.

Recently elected to The Best Lawyers in America© 2017 for Denver Real Estate Law by his peers, Eben Clark focuses his practice on real estate transactions, development and project finance as part of BakerHostetler's energy and hospitality industry teams. Eben also litigates land use and access issues related to public and private rights of way. His wealth of experience in Colorado and the Mountain West make him highly valuable to developers, operators and lenders with interests in the region. Local land use controls, federal agencies and regulations, and the interaction of public and private lands present unique challenges in the West. Eben's experience and aggressive problem-solving have helped many clients navigate these obstacles, craft effective solutions, and achieve positive outcomes. Since joining BakerHostetler, Eben has been able to apply his knowledge and experience to utility scale renewable energy development, development of the West's world class ski resorts, and nationally through the firm's network of offices. Experience Real Estate Development  Counsel to global developer of utility-scale renewable energy projects throughout the United States.  Counsel to owner/operator for purchase of parcel in Denver International Airport commerce zone for construction of distribution center, including infrastructure development agreements, water rights and special district issues.  Counsel to rapidly expanding luxury camping and pop-up hotel company with locations in the Rocky Mountains.  Counsel to developer of fractional project in downtown Aspen for assemblage, entitlements, financing, construction, ownership structure and sales matters.  Counsel to developer of condominium project in downtown Telluride for entitlements, financing and construction matters.  Counsel to Colorado county government for project review, land use code revisions and regulatory enforcement litigation including floodway and wetlands issues.  Local land use counsel to developer of nationally branded condo-hotel project in Breckenridge.  Counsel to Summit County arm of Vail-based ski and real estate development company in diverse real estate matters. Transactions  Counsel to seller in sale of 4500 acre agricultural assemblage in southern Colorado, including renewable energy lease rights, water rights and production contracts.  Counsel to out-of-state purchaser in $42 million acquisition of fully- leased, Denver Tech Center office building, including closing purchase and financing on compressed timeline.  Counsel to seller of fully-leased commercial property on Main St., Aspen, Colorado.  Counsel to developer for sales at nationally branded condo-hotel at Snowmass Village.  Counsel to buyers and sellers in large, luxury residential and ranch transactions in Aspen, Snowmass, and Breckenridge, Colorado, as well as Idaho, Florida and California. Real Estate Finance  Colorado counsel to national banking clients on acquisition and construction loans for mixed use, multifamily and senior living developments.  Counsel to national lending clients for acquisition loans nationwide.  Colorado counsel to European lending group in origination, servicing, work-out and foreclosure of $575 million facility for development of resort village at Snowmass Village.  Colorado counsel to European lending group in foreclosure of $180 million facility for mixed-use projects in Greenwood Village.  Colorado counsel to European lending group in origination of $160 million facility for downtown Denver condominium tower.  Counsel to local banks in complex real property and asset-based financing transactions.  Counsel for real property security transactions in connection with BakerHostetler's role as court-appointed counsel to the SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. Litigation  Counsel to landowner in Summit County for access dispute and eminent domain action with local and federal government agencies.  Counsel to landowners in partition action for large ranch property, including transaction to implement settlement of litigation.  Counsel to shopping center developers in cross-easement, indemnification and access disputes. Community Associations  Counsel to original master association of Snowmass Village through distribution of real property and dissolution.  Counsel to condominium and homeowners' associations in governance, amenity management and enforcement matters. Recognition  The Best Lawyers in America© (2017) o Denver: Real Estate Law Memberships  American Bar Association  Colorado Bar Association o Real Estate Section Council  Pitkin County Bar Association  Colorado Lawyers Committee: Board of Directors  Colorado Hotel & Lodging Association: Government Affairs Committee  Colorado Hotel & Lodging Association: Legislative Affairs Task Force Community  Community College of Aurora Foundation: Board of Directors  Downtown Denver Partnership Economic Development Council Pro Bono  Pro bono counsel for A Way Out, Aspen-based solution oriented addiction programs and financial aid.  Assisted homeless families in achieving permanent housing through ACCESS Housing.  Former pro bono counsel for Continental Divide Land Trust.

Mr. Cope has over 15 years of experience in the multifamily industry, being responsible for the acquisition, asset management, and disposition of over $2 billion of apartments during that time. Prior to Sagebrush, Mr. Cope was the Vice President of Multifamily for Apartment Capital Solutions, the multifamily division of Real Capital Solutions, based out of Louisville, Colorado. Mr. Cope oversaw the strategic direction and execution of over $400M in assets, consisting of 12 properties with 3,400 apartment units, and an additional 6 properties and 1,000 units under development. He specializes in distressed and value-add opportunities including REOs, note purchases, and ground up or redevelopment throughout the US. Prior to his position at Real Capital Solutions, Mr. Cope worked for the multifamily REIT Apartment Investment and Management Company (AIMCO) based in Denver, Colorado. He was responsible for sourcing and closing transactions throughout the Eastern U.S., with concentration in high barrier-to-entry markets. Prior to joining AIMCO, Mr. Cope was Regional Property Supervisor for a large third-party management company that was later purchased by Riverstone Residential.

Mr. Williams is a Senior Vice President with KeyBank Real Estate Capital Markets in Denver, Colorado. He currently heads the multifamily loan production team for the Central (Texas/Rocky Mountain) and Southeast Regions for KeyBank. He manages a team which is responsible for all multifamily loan production in this region, with an emphasis on agency lending (Fannie Mae, Freddie Mac, and FHA), as well as life company placement and CMBS. Mr. Williams has 15 years of diversified real estate banking experience, with over 8 years of experience at KeyBank. Prior to his current assignment, he was responsible all permanent multifamily loan production for KeyBank’s Rocky Mountain based clients. Mr. Williams began his career with KeyBank as a balance sheet banker based at the firm’s Cleveland, Ohio headquarters. Prior to joining KeyBank, Mr. Williams was with Realty Funding Group L.L.C., a Denver based real estate acquisition and investment banking company. He was also with Studley, Inc., a commercial real estate firm in New York and Denver where he worked with the Capital Markets Group. He was responsible for the negotiation and restructuring of over a million square feet of office space. Mr. Williams began his career in the early 1990’s as an Investment Banker, first with JP Morgan Chase and then Salomon Smith Barney in the San Francisco Bay Area. Mr. Williams studied Business Management at the University of Maryland and Real Estate Finance at New York University’s Stern School of Business.

As a Senior Vice President with Walker & Dunlop, Ralph Lowen originates permanent and construction financing for both market rate and affordable multifamily properties. Mr. Lowen is a multifamily finance specialist with an emphasis on FHA/HUD, Fannie Mae and Freddie Mac. Prior to joining Walker & Dunlop, Mr. Lowen was a principal at Prudential Mortgage Capital Company where he was responsible for financing over 10,000 multifamily units and producing over $650 million in commercial real estate loans. Consistently a top producer, Mr. Lowen spent 11 years with Prudential and held the previous titles of director and associate. A Colorado native, Mr. Lowen holds a Bachelor of Science in Finance and Business Administration from The University of Colorado at Boulder.

Mike Ballard is a partner at Ascent Multifamily Accounting and has worked in the real estate and accounting industries for almost 30 years. Early in Mike’s career, he worked in the Information Systems Consulting group for Laventhol & Horwath, CPAs. After Laventhol, he joined McGladrey & Pullen before starting his own consulting firm. At Ascent, Mike leads Ascent’s consulting practice, where he advises multifamily clients on strategic planning, process improvement, and tax credits. Mike was a founding member of the board of the Lied Institute for Real Estate Studies at University of Nevada, Las Vegas and also helped with the formation of the local National Association of Industrial and Office Properties (NAIOP) and Construction Financial Management Association chapters. In 2010, Mike was named one of the “Top 20 Visionaries” in Nevada by Nevada Business magazine. Mike has served on the boards of several for-profit companies and not-for-profit organizations. He has helped start three banks and served on the board of Black Mountain Community Bank.

Scott is currently the Division President of the Mountain States/Southwest for Lennar’s Multifamily Apartment Division where he has been responsible for sourcing over $900 million of development since late-2012 in Denver and Phoenix and building a team of over 40 development, construction and property management professionals. With over 15 years of experience in multifamily, Scott previously served as the Managing Director of Mill Creek Residential Trust, where he sourced the development of over $100 million and established a successful development, construction and asset management platform in the Mountain States. He also was the Managing Director of Trammell Crow Residential and, along with his team, was responsible for the sourcing and development of over $500 million in luxury multifamily communities. Scott is a graduate of the University of Virginia (BA) and the University of Colorado (MBA).

Matt Joblon is a founding partner and serves as Chief Executive Officer for BMC Investments. Since 2010, BMC has acquired and managed over 8,000 multifamily units in metro Denver comprising an asset value just over $1 billion. Also in that time span BMC has developed or is in the process of developing over $500 million in projects, all in Cherry Creek. Some of the projects include market leaders such as the Steele Creek luxury apartment project and the new Halcyon Hotel. Through those projects, BMC has been instrumental in bringing world class retail and restaurant concepts to Cherry Creek including Matsuhisa, Quality Italian, Le Bilboquet, Soul Cycle, CB2 and Departure. BMC currently has over 200 employees and is growing at a fast pace. Lastly, BMC has another $500 million in development projects in the pipeline in Cherry Creek, Boulder and the Fitzsimmons Medical Campus, and is in the process of sourcing thousands of multifamily units outside of Denver. Mr. Joblon received a B.B.A. in Entrepreneurship and Real Estate Finance from Babson College and is on the Board of the Blue Sky Fund.

Paul is the President of Palisade Partners and has become a respected player in the multifamily market in Denver, Colorado. Currently, Palisade Partners is developing and co-developing three mixed use projects and a townhome project in the Five Points neighborhood, totaling $75 million. Mr. Books is also concurrently overseeing the development of Summit Sky Ranch, a 240-unit, high-end single family residential development in Summit County. Books recently completed an $9 million 27 unit for-sale town home project in Jefferson Park. In 2013, Books completed two new construction multifamily projects near downtown Denver for a combined investment of $20 million. In 2011, Books syndicated and gained financing for the purchases of four existing multifamily properties for a combined acquisition price of $5.4 million and a combined renovation budget of $1.8 million. Mr. Books graduated from the University of Denver: Daniels College of Business with a Masters of Science in Real Estate and Construction Management. Mr. Books received his bachelors of arts in Economics and Math with a Finance Sequence from Claremont McKenna College.

Zach as President and co-founder Bristlecone Construction Corporation is responsible for both the strategic direction of the business and client relationships. He has been working in the commercial construction industry for over 15 years and has continually has taken the lead on some of the most complicated projects in Colorado including Denver Union Station. Zach has performed every position on a project team from field engineer, superintendent, to project manager on projects ranging from $500k to $55m. He has also worked extensively in estimating and preconstruction with both the ownership and the design firms ensuring that trend log pricing, constructability reviews and design feedback happen real time so effective decisions can be made. In 2010, Zach founded Bristlecone Developments where he purchased, redeveloped and sold residential and multifamily properties. Zach has now started Bristlecone Construction Corporation and although he is the president he is actively involved on key projects for Bristlecone. Zach received his degree in Construction Management from Colorado State University.

Tom Wanberg specializes in the sale of apartment communities. His primary focus is representing private capital apartment owners in Colorado. Tom has spent more than 30 years serving clients as an Investment Services Specialist. Prior to joining Transwestern, Tom worked for Grubb & Ellis Company for 27 years. Through the years Tom has represented clients on a variety of investment properties, but his “sweet spot” has always been the sale of apartment properties. Tom has closed on 300 multifamily properties during his career, specializing in private capital transactions from 100 to 300 units in size. Tom has served on the Owner/Operators Committee, CAA. He has been recognized for the following: #5 Investment Award from the 2007 DMCAR & Denver Business Journal Heavy Hitters for $42,876,875 in sales, Top Ten Producer Award, Denver – Grubb & Ellis Company, 8 of the past 10 years Salesperson of the Year, Denver Multi-Family Group 6 of the past 10 years, Largest Industrial Sale in Denver Metro in 2001 Colorado. Tom earned his Bachelor of Science in business marketing from Colorado State University in Fort Collins, CO. He is a licensed real estate broker in the state of Colorado.